(215 ILCS 5/95) (from Ch. 73, par. 707)
(Section scheduled to be repealed on January 1, 2027)
Sec. 95.
Authority
to solicit underwriters.
Upon the approval of the declaration by the Director, he shall issue to
the attorney-in-fact a permit which shall expire at the end of one year
from its date, authorizing the attorney-in-fact to solicit deposits of
underwriters in accordance with this Code and in accordance with the power
of attorney filed with the Director, and to do such other acts as may be
necessary or proper in order to complete the organization of such Lloyds
and to entitle it to receive a certificate of authority to transact an
insurance business.
(Source: Laws 1937, p. 696.)
|