(215 ILCS 5/72) (from Ch. 73, par. 684)
(Section scheduled to be repealed on January 1, 2027)
Sec. 72.
Authority
to solicit subscriptions to surplus.
Upon the approval of the declaration of organization by the Director, he
shall issue to the attorney-in-fact a permit, which shall expire at the end
of two years from its date, authorizing him to solicit subscriptions to
surplus in accordance with this Code and to do such other acts as may be
necessary and proper in order to complete its organization and to entitle
it to receive a certificate of authority to transact an insurance business.
(Source: Laws 1951, p. 1565.)
|