(215 ILCS 5/96) (from Ch. 73, par. 708)
(Section scheduled to be repealed on January 1, 2027)
Sec. 96.
Issuance of
certificate of authority.
When the Director has been notified that the underwriters have deposited
a sum not less than the minimum admitted assets required by Section 99,
he shall conduct an examination of such Lloyds. If he finds that the
organization has been completed and that all other requirements of this
Code have been met, he shall issue to such Lloyds a certificate of
authority to transact the kind or kinds of business specified in the
declaration.
(Source: Laws 1937, p. 696.)
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