TITLE 14: COMMERCE
SUBTITLE B: CONSUMER PROTECTION
CHAPTER II: ATTORNEY GENERAL
PART 485 IMMIGRATION SERVICES
SECTION 485.EXHIBIT B VERIFICATION OF MALPRACTICE INSURANCE
Section 485.EXHIBIT B Verification of Malpractice Insurance
STATE OF ILLINOIS
OFFICE OF THE ATTORNEY GENERAL
CONSUMER FRAUD BUREAU
100 WEST RANDOLPH STREET - FLOOR 12
CHICAGO, ILLINOIS 60601
VERIFICATION OF MALPRACTICE INSURANCE
BY IMMIGRATION SERVICE PROVIDER
NOTE: The Registrant shall not, by completing this form, construe such action as an approval or sanction of the business practices of the Registrant by the State of Illinois or Office of the Attorney General.
Today's Date ________________
Address, City, Zip Code
Policy No.: ________________ Coverage Amount: $ _________________________________
Expiration Date: ________________________________________________________________
KNOW ALL PERSONS BY THESE PRESENTS:
That _________________________________________________, (Name of Insured) providing immigration services as defined by Section 2AA of the Illinois Consumer Fraud and Deceptive Business Practices Act [815 ILCS 505/2AA] (hereinafter, "the Act") and located at ______________________________ (address), as insured, and ________________________ (Name of Insurer), are held firmly bound unto the People of the State of Illinois in the penal sum of $100,000, for the payment of which, we bind ourselves, our heirs, executors, successors and assigns, jointly and severally, firmly by these presents.
The insured is engaged in the business of providing immigration services within the meaning of the Act and is required to furnish verification of malpractice insurance coverage.
Violation of the Act by the insured shall constitute malpractice notwithstanding any exclusionary clauses in the policy statement of said malpractice insurance coverage, a copy of which is attached hereto and incorporated herein as Exhibit A.
The Attorney General or State's Attorney of any County may bring an action against the insured for violations of the Act, and the insured shall be obligated for any and all judgments entered against the insured.
The liability of insurer for indemnifying any claim shall be limited to actual damages arising from insured's violation of the Act.
The aggregate liability of the insurer on all claims whatsoever shall not exceed the amount of this policy.
This policy is executed by the insurer to comply with the provisions of the Act, and the policy shall be subject to all of the terms and provisions thereof.
IN WITNESS WHEREOF, the named insured, by a duly authorized officer or representative, has hereunto set its seal, and the named insurer has caused these presents to be signed by its duly authorized officer this _____ day of_____________, ____.
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AN IMMIGRATION SERVICE PROVIDER IS REQUIRED TO CONTINUOUSLY MAINTAIN MALPRACTICE INSURANCE WITH MINIMUM COVERAGE OF $100,000, OR A SURETY BOND IN THE AMOUNT OF $100,000. THE PROVIDER SHALL ALSO MAINTAIN A SURETY BOND FOR A PERIOD OF 2 YEARS FOLLOWING THE DATE ON WHICH IT CEASES OPERATIONS.