(755 ILCS 5/21-2.11) (from Ch. 110 1/2, par. 21-2.11)
Sec. 21-2.11.
Life, endowment, or annuity policies.
Life, endowment, or
annuity policies on the life of the ward, or on the life of any person in whose
life the ward has an insurable interest, if the ward is the beneficiary, when
the policies are issued by companies, associations or fraternal organizations
that, at the time of investment, have been given one of the top 4 rating grades
by a nationally recognized rating service. The order may authorize the
payment of annual premiums without further application to the court.
(Source: P.A. 90-796, eff. 12-15-98; 91-357, eff. 7-29-99.)
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