Section 913.40  Filing Requirement

An issuer, underwriter, dealer or controlling person in respect of shares of any company defined in Section 147.1(1) of the Illinois Insurance Code (Ill. Rev. Stat. 1981, ch. 73, par. 759.1(1)), shall, prior to the issuance of a permit by the Director, make a formal application for same in accordance with Section 147.1 and the provisions of this Rule. Any domestic company seeking a permit, except for a private sale as set forth under Department of Insurance Part 907 (50 Ill. Adm. Code 907), to solicit subscriptions and issue shares under Section 20 or Section 32 of the Illinois Insurance Code (Ill. Rev. Stat. 1981, ch. 73, par. 632 and par. 644), shall likewise make a formal application.  In connection with any such application, all documents, paper, agreements etc. which are hereinafter required to be filed, shall be delivered to the Director by the applicant for such permit.

(Source:  Amended at 7 Ill. Reg. 6946, effective May 18, 1983)