(215 ILCS 5/132.1) (from Ch. 73, par. 744.1)
Sec. 132.1.
Purpose.
The purpose of Sections 132.1 through 132.7 of
this Code is to provide an effective system for the financial examination
of the activities,
operations, financial condition, and affairs of all persons transacting the
business of insurance in this State and all persons otherwise subject to
the jurisdiction of the Director. The provisions are intended to enable the
Director to adopt a flexible system of examinations that directs resources
as may be deemed appropriate and necessary for the administration of the
insurance and insurance related laws of this State.
(Source: P.A. 87-108.)
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