TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER gg: FINAL PROVISIONS
PART 2701 SURPLUS LINE BUSINESS REQUIREMENTS
SECTION 2701.ILLUSTRATION A WRITTEN WARNING TO INSUREDS

Section 2701.ILLUSTRATION A  Written Warning to Insureds

 

TO:

 

 

 

 

RE:

(Name of Unauthorized Insurer)

 

(Type of Coverage)

 

In accordance with Section 445 of the Illinois Insurance Code, I hereby provide you with a written WARNING that the above-captioned unauthorized insurer with which I propose to place the captioned coverage does not, or I am unable to verify that it does (checked as applicable):

 

 

Have a policyholder surplus of $15,000,000 or more;

 

 

Meet minimal standards of solvency and management that are adequate for your protection.

 

 

Sincerely,

 

 

 

(Source:  Amended at 40 Ill. Reg. 216, effective December 21, 2015)