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Illinois Compiled Statutes - Full Text
Illinois Compiled Statutes (ILCS)
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(215 ILCS 155/8) (from Ch. 73, par. 1408)
Sec. 8. Retained liability.
(a) The net retained liability of a title insurance company
for a single risk on property located in this State, whether assumed
directly or as reinsurance, may not exceed the total
surplus to policyholders as shown in the most recent annual statement of
the title insurance company on file with the Department.
(b) The Secretary may waive the limitation of this Section for a
particular risk upon application of the title insurance company and
for good cause shown.
(Source: P.A. 100-570, eff. 6-1-18.)
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