TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER l: PROVISIONS APPLICABLE TO ALL COMPANIES
PART 904 INTERNAL SECURITY STANDARD AND FIDELITY BONDS
SECTION 904.5 AUTHORITY AND PURPOSE


 

Section 904.5  Authority and Purpose

 

a)         This Part is promulgated and adopted pursuant to and in accordance with the provisions of Section 401 of the Code.

 

b)         All companies are directed and required, by resolution of their Board of Directors or other appropriate action, to conform their internal functions to this Part.

 

(Source:  Amended at 43 Ill. Reg. 1388, effective January 11, 2019)