Illinois General Assembly - Illinois Compiled Statutes

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205 ILCS 670/12

(205 ILCS 670/12) (from Ch. 17, par. 5412)

Sec. 12.

Other business.

(a) Upon application by the licensee, and approval by
the Director, the Director may approve the conduct of other businesses not
specifically permitted by this Act in the licensee's place of business, unless
the Director finds that such conduct will conceal or facilitate evasion or
violation of this Act. Such approval shall be in writing and shall describe
the other businesses which may be conducted in the licensed office.

(b) A licensee may without notice to and approval of the Director, in
addition to the business permitted by this Act, conduct the following business:

(1) The business of a sales finance agency as defined

in the Sales Finance Agency Act.

(2) The business of soliciting or selling any type of

insurance provided that all such insurance transactions are conducted in accordance with and are regulated under the Illinois Insurance Code.

(3) The business of financing premiums for insurance.

(4) Making loans pursuant to the Financial Services

Development Act.

The Director shall make and enforce such reasonable rules and
regulations for the conduct of business under this Act in the same office
with other businesses as may be necessary to prevent evasions or violations
of this Act. The Director may investigate any business conducted in the
licensed office to determine whether any evasion or violation of this Act has
occurred.

(Source: P.A. 90-437, eff. 1-1-98.)