(215 ILCS 5/250) (from Ch. 73, par. 862)
Sec. 250.
Additional
deposits.
Each company which shall have made the deposit provided for by the act
mentioned in section 246, shall make additional deposits from time to
time in amounts of not less than five thousand dollars of securities which
are authorized investments for life insurance companies under this Code, so
that the market value of the securities deposited shall always be equal to
the reserve value of the policies heretofore registered by said company,
less such liens (not exceeding such net value) as the company may have
against them.
(Source: Laws 1937, p. 696.)
|