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90_HB0375
SEE INDEX
Amends the Illinois Banking Act, the Illinois Savings and
Loan Act of 1985, the Savings Bank Act, the Illinois Credit
Union Act, the Corporate Fiduciary Act, and the Illinois
Insurance Code. Authorizes financial institutions to act as
agents for insurance companies. Establishes license
requirements for insurance sales. Sets forth standards of
conduct. Provides that a financial institution transacting
an insurance business prior to the effective date of this
amendatory Act has 180 days after that effective date to
bring its insurance operations into compliance with the
provisions of this amendatory Act. Effective immediately.
LRB9002241JSgc
LRB9002241JSgc
1 AN ACT authorizing and regulating the sale of insurance
2 by financial institutions.
3 Be it enacted by the People of the State of Illinois,
4 represented in the General Assembly:
5 Section 5. The Illinois Banking Act is amended by
6 changing Sections 5 and 48.2 as follows:
7 (205 ILCS 5/5) (from Ch. 17, par. 311)
8 Sec. 5. General corporate powers. A bank organized
9 under this Act or subject hereto shall be a body corporate
10 and politic and shall, without specific mention thereof in
11 the charter, have all the powers conferred by this Act and
12 the following additional general corporate powers:
13 (1) To sue and be sued, complain, and defend in its
14 corporate name.
15 (2) To have a corporate seal, which may be altered at
16 pleasure, and to use the same by causing it or a facsimile
17 thereof to be impressed or affixed or in any manner
18 reproduced, provided that the affixing of a corporate seal to
19 an instrument shall not give the instrument additional force
20 or effect, or change the construction thereof, and the use of
21 a corporate seal is not mandatory.
22 (3) To make, alter, amend, and repeal bylaws, not
23 inconsistent with its charter or with law, for the
24 administration of the affairs of the bank.
25 (4) To elect or appoint and remove officers and agents
26 of the bank and define their duties and fix their
27 compensation.
28 (5) To adopt and operate reasonable bonus plans,
29 profit-sharing plans, stock-bonus plans, stock-option plans,
30 pension plans and similar incentive plans for its directors,
31 officers and employees.
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1 (5.1) To manage, operate and administer a fund for the
2 investment of funds by a public agency or agencies, including
3 any unit of local government or school district, or any
4 person. The fund for a public agency shall invest in the
5 same type of investments and be subject to the same
6 limitations provided for the investment of public funds. The
7 fund for public agencies shall maintain a separate ledger
8 showing the amount of investment for each public agency in
9 the fund. "Public funds" and "public agency" as used in this
10 Section shall have the meanings ascribed to them in Section 1
11 of the Public Funds Investment Act.
12 (6) To make reasonable donations for the public welfare
13 or for charitable, scientific, religious or educational
14 purposes.
15 (7) To borrow or incur an obligation; and to pledge its
16 assets:
17 (a) to secure its borrowings, its lease of personal
18 or real property or its other nondeposit obligations;
19 (b) to enable it to act as agent for the sale of
20 obligations of the United States;
21 (c) to secure deposits of public money of the
22 United States, whenever required by the laws of the
23 United States, including without being limited to,
24 revenues and funds the deposit of which is subject to the
25 control or regulation of the United States or any of its
26 officers, agents, or employees and Postal Savings funds;
27 (d) to secure deposits of public money of any state
28 or of any political corporation or subdivision thereof
29 including, without being limited to, revenues and funds
30 the deposit of which is subject to the control or
31 regulation of any state or of any political corporation
32 or subdivisions thereof or of any of their officers,
33 agents, or employees;
34 (e) to secure deposits of money whenever required
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1 by the National Bankruptcy Act;
2 (f) to qualify under Section 2-9 of the Corporate
3 Fiduciary Act; and
4 (g) to secure trust funds commingled with the
5 bank's funds, whether deposited by the bank or an
6 affiliate of the bank, pursuant to Section 2-8 of the
7 Corporate Fiduciary Act.
8 (8) To own, possess, and carry as assets all or part of
9 the real estate necessary in or with which to do its banking
10 business, either directly or indirectly through the ownership
11 of all or part of the capital stock, shares or interests in
12 any corporation, association, trust engaged in holding any
13 part or parts or all of the bank premises, engaged in such
14 business and in conducting a safe deposit business in the
15 premises or part of them, or engaged in any activity that the
16 bank is permitted to conduct in a subsidiary pursuant to
17 paragraph (12) of this Section 5.
18 (9) To own, possess, and carry as assets other real
19 estate to which it may obtain title in the collection of its
20 debts or that was formerly used as a part of the bank
21 premises, but title to any real estate except as herein
22 permitted shall not be retained by the bank, either directly
23 or by or through a subsidiary, as permitted by subsection
24 (12) of this Section for a total period of more than 5 years
25 after acquiring title, either directly or indirectly, unless
26 a request for extension of time shall have been submitted in
27 writing to and approved by the Commissioner.
28 (10) To do any act, including the acquisition of stock,
29 necessary to obtain insurance of its deposits, or part
30 thereof, and any act necessary to obtain a guaranty, in whole
31 or in part, of any of its loans or investments by the United
32 States or any agency thereof, and any act necessary to sell
33 or otherwise dispose of any of its loans or investments to
34 the United States or any agency thereof, and to acquire and
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1 hold membership in the Federal Reserve System.
2 (11) Notwithstanding any other provisions of this Act,
3 to do any act and to own, possess, and carry as assets
4 property of the character, including stock, that is at the
5 time authorized or permitted to national banks by an Act of
6 Congress, but subject always to the same limitations and
7 restrictions as are applicable to national banks by the
8 pertinent federal law.
9 (12) To own, possess, and carry as assets stock of one
10 or more corporations that is, or are, engaged in one or more
11 of the following businesses:
12 (a) holding title to and administering assets
13 acquired as a result of the collection or liquidating of
14 loans, investments, or discounts; or
15 (b) holding title to and administering personal
16 property acquired by the bank, directly or indirectly
17 through a subsidiary, for the purpose of leasing to
18 others, provided the lease or leases and the investment
19 of the bank, directly or through a subsidiary, in that
20 personal property otherwise comply with Section 35.1 of
21 this Act; or
22 (c) carrying on or administering any of the
23 activities excepting the receipt of deposits or the
24 payment of checks or other orders for the payment of
25 money in which a bank may engage in carrying on its
26 general banking business; provided, however, that nothing
27 contained in this paragraph (c) shall be deemed to permit
28 a bank organized under this Act or subject hereto to do,
29 either directly or indirectly through any subsidiary, any
30 act, including the making of any loan or investment, or
31 to own, possess, or carry as assets any property that if
32 done by or owned, possessed, or carried by the State bank
33 would be in violation of or prohibited by any provision
34 of this Act.
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1 The provisions of this subsection (12) shall not apply to
2 and shall not be deemed to limit the powers of a State bank
3 with respect to the ownership, possession, and carrying of
4 stock that a State bank is permitted to own, possess, or
5 carry under this Act.
6 Any bank intending to establish a subsidiary under this
7 subsection (12) shall give written notice to the Commissioner
8 60 days prior to the subsidiary's commencing of business or,
9 as the case may be, prior to acquiring stock in a corporation
10 that has already commenced business. The Commissioner may
11 specify the form of the notice and may promulgate rules and
12 regulations to administer this subsection (12).
13 (13) To accept for payment at a future date not
14 exceeding one year from the date of acceptance, drafts drawn
15 upon it by its customers; and to issue, advise, or confirm
16 letters of credit authorizing the holders thereof to draw
17 drafts upon it or its correspondents.
18 (14) To own and lease personal property acquired by the
19 bank at the request of a prospective lessee and upon the
20 agreement of that person to lease the personal property
21 provided that the lease, the agreement with respect thereto,
22 and the amount of the investment of the bank in the property
23 comply with Section 35.1 of this Act.
24 (15) (a) To establish and maintain, in addition to the
25 main banking premises, branches offering any banking services
26 permitted at the main banking premises of a State bank.
27 (b) To establish and maintain, after May 31, 1997,
28 branches in another state that may conduct any activity in
29 that state that is authorized or permitted for any bank that
30 has a banking charter issued by that state, subject to the
31 same limitations and restrictions that are applicable to
32 banks chartered by that state.
33 (16) (Blank).
34 (17) To establish and maintain terminals, as authorized
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1 by the Electronic Fund Transfer Act.
2 (18) To establish and maintain temporary service booths
3 at any International Fair held in this State which is
4 approved by the United States Department of Commerce, for the
5 duration of the international fair for the sole purpose of
6 providing a convenient place for foreign trade customers at
7 the fair to exchange their home countries' currency into
8 United States currency or the converse. This power shall not
9 be construed as establishing a new place or change of
10 location for the bank providing the service booth.
11 (19) To indemnify its officers, directors, employees,
12 and agents, as authorized for corporations under Section 8.75
13 of the Business Corporation Act of 1983.
14 (20) To own, possess, and carry as assets stock of, or
15 be or become a member of, any corporation, mutual company,
16 association, trust, or other entity formed exclusively for
17 the purpose of providing directors' and officers' liability
18 and bankers' blanket bond insurance or reinsurance to and for
19 the benefit of the stockholders, members, or beneficiaries,
20 or their assets or businesses, or their officers, directors,
21 employees, or agents, and not to or for the benefit of any
22 other person or entity or the public generally.
23 (21) To make debt or equity investments in corporations
24 or projects, whether for profit or not for profit, designed
25 to promote the development of the community and its welfare,
26 provided that the aggregate investment in all of these
27 corporations and in all of these projects does not exceed 5%
28 of the unimpaired capital and unimpaired surplus of the bank
29 and provided that this limitation shall not apply to
30 creditworthy loans by the bank to those corporations or
31 projects. Upon written application to the Commissioner, a
32 bank may make an investment that would, when aggregated with
33 all other such investments, exceed 5% of the unimpaired
34 capital and unimpaired surplus of the bank. The Commissioner
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1 may approve the investment if he is of the opinion and finds
2 that the proposed investment will not have a material adverse
3 effect on the safety and soundness of the bank.
4 (22) To own, possess, and carry as assets the stock of a
5 corporation engaged in the ownership or operation of a travel
6 agency or to operate a travel agency as a part of its
7 business, provided that the bank either owned, possessed, and
8 carried as assets the stock of such a corporation or operated
9 a travel agency as part of its business before July 1, 1991.
10 (23) With respect to affiliate facilities:
11 (a) to conduct at affiliate facilities any of the
12 following transactions for and on behalf of another
13 commonly owned bank, if so authorized by the other bank:
14 receiving deposits; cashing and issuing checks, drafts,
15 and money orders; changing money; and receiving payments
16 on existing indebtedness; and
17 (b) to authorize a commonly owned bank to conduct
18 for and on behalf of it any of the transactions listed in
19 this paragraph (23) at one or more affiliate facilities.
20 Any bank intending to conduct or to authorize a commonly
21 owned bank to conduct at an affiliate facility any of the
22 transactions specified in this paragraph (23) shall give
23 written notice to the Commissioner at least 30 days before
24 any such transaction is conducted at the affiliate facility.
25 (24) To act as the agent for any fire, life, or other
26 insurance company authorized by the State of Illinois, by
27 soliciting and selling insurance and collecting premiums on
28 policies issued by such company; and may receive for services
29 so rendered such fees or commissions as may be agreed upon
30 between the said bank and the insurance company for which it
31 may act as agent; provided, however, that no such bank shall
32 in any case assume or guarantee the payment of any premium on
33 insurance policies issued through its agency by its
34 principal; and provided further, that the bank shall not
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1 guarantee the truth of any statement made by an assured in
2 filing his application for insurance.
3 (Source: P.A. 88-4; 89-208, eff. 9-29-95; 89-310, eff.
4 1-1-96; 89-364, eff. 8-18-95; 89-626, eff. 8-9-96.)
5 (205 ILCS 5/48.2) (from Ch. 17, par. 360.1)
6 Sec. 48.2. Prohibition against certain activities.
7 (a) Any bank, subsidiary, affiliate, officer or employee
8 of such bank subject to this Act shall not:
9 (1) grant any loan on the prior condition, agreement or
10 understanding that the borrower contract with any specific
11 person or organization for the following:
12 (A) insurance services of an agent or broker;
13 (B) legal services rendered to the borrower;
14 (C) services of a real estate agent or broker; or
15 (D) real estate or property management services;
16 (2) require that insurance services, legal services,
17 real estate services or property management services be
18 placed with any subsidiary, affiliate, officer or employee of
19 any bank.
20 (b) (Blank). Any bank or subsidiary, affiliate,
21 employee, officer, banking house, branch bank, branch office,
22 additional office or agency of such bank shall comply with
23 Section 499.1 of the "Illinois Insurance Code".
24 (c) Any officer or employee of a bank or its affiliates
25 or subsidiaries who violates this Section is guilty of a
26 business offense, and upon conviction shall be fined not more
27 than $1,000. This Section does not create a private cause of
28 action for civil damages.
29 (d) In any contract or loan which is secured by a
30 mortgage, deed of trust, or conveyance in the nature of a
31 mortgage, on residential real estate, the interest which is
32 computed, calculated, charged, or collected pursuant to such
33 contract or loan, or pursuant to any regulation or rule
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1 promulgated pursuant to this Act, may not be computed,
2 calculated, charged or collected for any period of time
3 occurring after the date on which the total indebtedness,
4 with the exception of late payment penalties, is paid in
5 full. For purposes of this subsection (d) of this Section
6 48.2, a prepayment shall mean the payment of the total
7 indebtedness, with the exception of late payment penalties if
8 incurred or charged, on any date before the date specified in
9 the contract or loan agreement on which the total
10 indebtedness shall be paid in full, or before the date on
11 which all payments, if timely made, shall have been made. In
12 the event of a prepayment of the indebtedness which is made
13 on a date after the date on which interest on the
14 indebtedness was last computed, calculated, charged, or
15 collected but before the next date on which interest on the
16 indebtedness was to be calculated, computed, charged, or
17 collected, the lender may calculate, charge and collect
18 interest on the indebtedness for the period which elapsed
19 between the date on which the prepayment is made and the date
20 on which interest on the indebtedness was last computed,
21 calculated, charged or collected at a rate equal to 1/360 of
22 the annual rate for each day which so elapsed, which rate
23 shall be applied to the indebtedness outstanding as of the
24 date of prepayment. The lender shall refund to the borrower
25 any interest charged or collected which exceeds that which
26 the lender may charge or collect pursuant to the preceding
27 sentence. The provisions of this amendatory Act of 1985
28 shall apply only to contracts or loans entered into on or
29 after January 1, 1986.
30 (e) Any bank, affiliate or subsidiary of such bank which
31 shall engage in making residential mortgage financing
32 transactions, shall with respect to each such transaction,
33 provide the following:
34 (1) if a contractual obligation is intended to a
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1 borrower, a mortgage commitment which shall set forth the
2 material terms, conditions and contingencies of such
3 commitment;
4 (2) if the servicing of a residential mortgage shall be
5 transferred from the original mortgagee, within 45 days of
6 such transfer, written notice sent by certified mail, return
7 receipt requested, to the mortgagor at the address of the
8 property, unless the mortgagor shall have directed
9 correspondence from the mortgagee shall be sent to another
10 address, which notice shall set forth: the name and address
11 of the transferee; the name, address and telephone number to
12 which inquiries by the residential mortgagor should be
13 addressed; and the name and address to which the next 3
14 monthly installments are to be submitted to the transferee
15 and the amount of each of such monthly installment; and
16 (3) if the servicing of a residential mortgage shall be
17 transferred again or if the information in paragraph (2)
18 above shall change, the notice with the corrected information
19 shall be provided within 45 days of such subsequent transfer
20 or change in information by the transferee of the servicing
21 of the mortgage at that time.
22 (Source: P.A. 85-1209; 85-1379.)
23 Section 10. The Illinois Savings and Loan Act of 1985 is
24 amended by changing Section 1-6 as follows:
25 (205 ILCS 105/1-6) (from Ch. 17, par. 3301-6)
26 Sec. 1-6. General corporate powers. An association
27 operating under this Act shall be a body corporate and
28 politic and shall have all of the specific powers conferred
29 by this Act and, in addition thereto, the following general
30 powers:
31 (a) To sue and be sued, complain and defend in its
32 corporate name, and to have a common seal, which it may alter
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1 or renew at pleasure;
2 (b) To obtain and maintain insurance of the
3 association's withdrawable capital by an insurance
4 corporation as defined in this Act;
5 (c) Notwithstanding anything to the contrary contained
6 in this Act, to become a member of the Federal Home Loan
7 Bank, and to have all of the powers granted to a savings or
8 thrift institution organized under the laws of the United
9 States and which is located and doing business in the State
10 of Illinois, subject to regulations of the Commissioner;
11 (d) To act as a fiscal agent for the United States, the
12 State of Illinois or any department, branch, arm or agency of
13 the State or any unit of local government or school district
14 in the State when duly designated for that purpose, and as
15 agent to perform the reasonable functions as may be required
16 of it;
17 (e) To become a member of or deal with any corporation
18 or agency of the United States or the State of Illinois, to
19 the extent that the agency assists in furthering or
20 facilitating the association's purposes or powers and to that
21 end to purchase stock or securities thereof or deposit money
22 therewith, and to comply with any other conditions of
23 membership or credit;
24 (f) To make donations in reasonable amounts for the
25 public welfare or for charitable, scientific, religious or
26 educational purposes;
27 (g) To adopt and operate reasonable insurance, bonus,
28 profit sharing, and retirement plans for officers and
29 employees; likewise, directors who are not officers,
30 including, but not limited to, advisory, honorary, and
31 emeritus directors, may participate in those plans;
32 (h) To reject any application for membership, to retire
33 withdrawable capital by enforced retirement as provided in
34 this Act and the by-laws, and to limit the issuance of or
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1 payments on withdrawable capital, subject, however, to
2 contractual obligations;
3 (i) To purchase stock in service corporations and to
4 invest in any form of indebtedness of any service corporation
5 as defined in this Act, subject to regulations of the
6 Commissioner;
7 (j) To purchase stock of a corporation whose principal
8 purpose is to operate a safe deposit company or escrow
9 service company;
10 (k) To act as Trustee or Custodian under the Federal
11 Self-Employed Individuals' Tax Retirement Act of 1962 or any
12 amendments thereto or any other retirement account and invest
13 any funds held in such capacity in a savings account of the
14 institution;
15 (l) (Blank);
16 (m) To establish, maintain and operate terminals as
17 authorized by the Electronic Fund Transfer Act and by Section
18 5 of the Illinois Banking Act. The establishment,
19 maintenance, operation and location of such terminals shall
20 be subject to the approval of the Commissioner;
21 (n) Subject to the approval and regulations of the
22 Commissioner, an association may purchase or assume all or
23 any part of the assets or liabilities of an eligible insured
24 bank;
25 (o) To purchase from a bank, as defined in Section 2 of
26 the Illinois Banking Act, an insubstantial portion of the
27 total deposits of an insured bank. For the purpose of this
28 subparagraph, "insubstantial portion of the total deposits"
29 shall have the same meaning as provided in Section 5(d)(2)(D)
30 of the Federal Deposit Insurance Act;
31 (p) To effect an acquisition of or conversion to another
32 financial institution pursuant to Section 205 of the
33 Financial Institutions Reform, Recovery and Enforcement Act
34 of 1989;
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1 (q) To pledge its assets:
2 (1) to enable it to act as an agent for the sale of
3 obligations of the United States;
4 (2) to secure deposits;
5 (3) to secure deposits of money whenever required
6 by the National Bankruptcy Act;
7 (4) to qualify under Section 2-9 of the Corporate
8 Fiduciary Act; and
9 (5) to secure trust funds commingled with the
10 institution's funds, whether deposited by the institution
11 or an affiliate of the institution, as required under
12 Section 2-8 of the Corporate Fiduciary Act; and
13 (r) To provide temporary periodic service to persons
14 residing in a bona fide nursing home, senior citizens'
15 retirement home, or long-term care facility; and
16 (s) To purchase for its own account shares of stock of a
17 bankers' bank, described in Section 13(b)(1) of the Illinois
18 Banking Act, on the same terms and conditions as a bank may
19 purchase such shares. In no event shall the total amount of
20 such stock held by an association in such bankers' bank
21 exceed 10% of its capital and surplus (including undivided
22 profits) and in no event shall an association acquire more
23 than 5% of any class of voting securities of such bankers'
24 bank;.
25 (t) (s) To effect a conversion to a State bank pursuant
26 to the provisions of the Illinois Banking Act; and.
27 (u) To act as the agent for any fire, life, or other
28 insurance company authorized by the State of Illinois, by
29 soliciting and selling insurance and collecting premiums on
30 policies issued by such company; and may receive for services
31 so rendered such fees or commissions as may be agreed upon
32 between the said association and the insurance company for
33 which it may act as agent; provided, however, that no such
34 association shall in any case assume or guarantee the payment
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1 of any premium on insurance policies issued through its
2 agency by its principal; and provided further, that the
3 association shall not guarantee the truth of any statement
4 made by an assured in filing his application for insurance.
5 (Source: P.A. 88-481; 89-74, eff. 6-30-95; 89-310, eff.
6 1-1-96; 89-317, eff. 8-11-95; 89-355, eff. 8-17-95; 89-567,
7 eff. 7-26-96; 89-603, eff. 8-2-96; 89-626, eff. 8-9-96;
8 revised 9-13-96.)
9 Section 15. The Savings Bank Act is amended by changing
10 Section 1008 as follows:
11 (205 ILCS 205/1008) (from Ch. 17, par. 7301-8)
12 Sec. 1008. General corporate powers.
13 (a) A savings bank operating under this Act shall be a
14 body corporate and politic and shall have all of the specific
15 powers conferred by this Act and in addition thereto, the
16 following general powers:
17 (1) To sue and be sued, complain, and defend in its
18 corporate name and to have a common seal, which it may
19 alter or renew at pleasure.
20 (2) To obtain and maintain insurance by a deposit
21 insurance corporation as defined in this Act.
22 (3) To act as a fiscal agent for the United States,
23 the State of Illinois or any department, branch, arm, or
24 agency of the State or any unit of local government or
25 school district in the State, when duly designated for
26 that purpose, and as agent to perform reasonable
27 functions as may be required of it.
28 (4) To become a member of or deal with any
29 corporation or agency of the United States or the State
30 of Illinois, to the extent that the agency assists in
31 furthering or facilitating its purposes or powers and to
32 that end to purchase stock or securities thereof or
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1 deposit money therewith, and to comply with any other
2 conditions of membership or credit.
3 (5) To make donations in reasonable amounts for the
4 public welfare or for charitable, scientific, religious,
5 or educational purposes.
6 (6) To adopt and operate reasonable insurance,
7 bonus, profit sharing, and retirement plans for officers
8 and employees and for directors including, but not
9 limited to, advisory, honorary, and emeritus directors,
10 who are not officers or employees.
11 (7) To reject any application for membership; to
12 retire deposit accounts by enforced retirement as
13 provided in this Act and the bylaws; and to limit the
14 issuance of, or payments on, deposit accounts, subject,
15 however, to contractual obligations.
16 (8) To purchase stock in service corporations and
17 to invest in any form of indebtedness of any service
18 corporation as defined in this Act, subject to
19 regulations of the Commissioner.
20 (9) To purchase stock of a corporation whose
21 principal purpose is to operate a safe deposit company or
22 escrow service company.
23 (10) To exercise all the powers necessary to
24 qualify as a trustee or custodian under federal or State
25 law, provided that the authority to accept and execute
26 trusts is subject to the provisions of the Corporate
27 Fiduciary Act and to the supervision of those activities
28 by the Commissioner of Banks and Real Estate.
29 (11) (Blank).
30 (12) To establish, maintain, and operate terminals
31 as authorized by the Electronic Fund Transfer Act. The
32 establishment, maintenance, operation, and location of
33 those terminals shall be subject to the approval of the
34 Commissioner.
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1 (13) Pledge its assets:
2 (A) to enable it to act as agent for the sale
3 of obligations of the United States;
4 (B) to secure deposits;
5 (C) to secure deposits of money whenever
6 required by the National Bankruptcy Act;
7 (D) to qualify under Section 2-9 of the
8 Corporate Fiduciary Act; and
9 (E) to secure trust funds commingled with the
10 savings bank's funds, whether deposited by the
11 savings bank or an affiliate of the savings bank, as
12 required under Section 2-8 of the Corporate
13 Fiduciary Act.
14 (14) To accept for payment at a future date not to
15 exceed one year from the date of acceptance, drafts drawn
16 upon it by its customers; and to issue, advise, or
17 confirm letters of credit authorizing holders thereof to
18 draw drafts upon it or its correspondents.
19 (15) Subject to the regulations of the
20 Commissioner, to own and lease personal property acquired
21 by the savings bank at the request of a prospective
22 lessee and, upon the agreement of that person, to lease
23 the personal property.
24 (16) To establish temporary service booths at any
25 International Fair in this State that is approved by the
26 United States Department of Commerce for the duration of
27 the international fair for the purpose of providing a
28 convenient place for foreign trade customers to exchange
29 their home countries' currency into United States
30 currency or the converse. To provide temporary periodic
31 service to persons residing in a bona fide nursing home,
32 senior citizens' retirement home, or long-term care
33 facility. These powers shall not be construed as
34 establishing a new place or change of location for the
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1 savings bank providing the service booth.
2 (17) To indemnify its officers, directors,
3 employees, and agents, as authorized for corporations
4 under Section 8.75 of the Business Corporations Act of
5 1983.
6 (18) To provide data processing services to others
7 on a for-profit basis.
8 (19) To utilize any electronic technology to
9 provide customers with home banking services.
10 (20) Subject to the regulations of the
11 Commissioner, to enter into an agreement to act as a
12 surety.
13 (21) Subject to the regulations of the
14 Commissioner, to issue credit cards, extend credit
15 therewith, and otherwise engage in or participate in
16 credit card operations.
17 (22) To purchase for its own account shares of
18 stock of a bankers' bank, described in Section 13(b)(1)
19 of the Illinois Banking Act, on the same terms and
20 conditions as a bank may purchase such shares. In no
21 event shall the total amount of such stock held by a
22 savings bank an association in such bankers' bank exceed
23 10% of its capital and surplus (including undivided
24 profits) and in no event shall a savings bank an
25 association acquire more than 5% of any class of voting
26 securities of such bankers' bank.
27 (23) To act as the agent for any fire, life, or
28 other insurance company authorized by the State of
29 Illinois, by soliciting and selling insurance and
30 collecting premiums on policies issued by such company;
31 and may receive for services so rendered such fees or
32 commissions as may be agreed upon between the said
33 savings bank and the insurance company for which it may
34 act as agent; provided, however, that no such savings
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1 bank shall in any case assume or guarantee the payment of
2 any premium on insurance policies issued through its
3 agency by its principal; and provided further, that the
4 savings bank shall not guarantee the truth of any
5 statement made by an assured in filing his application
6 for insurance.
7 (b) If this Act fails to provide specific guidance in
8 matters of corporate governance, the provisions of the
9 Business Corporation Act of 1983 may be used.
10 (Source: P.A. 88-112; 88-481; 88-670, eff. 12-2-94; 89-74,
11 eff. 6-30-95; 89-310, eff. 1-1-96; 89-317, eff. 8-11-95;
12 89-355, eff. 8-17-95; 89-508, eff. 7-3-96; 89-603, eff.
13 8-2-96; 89-626, eff. 8-9-96; revised 9-9-96.)
14 Section 20. The Illinois Credit Union Act is amended by
15 changing Sections 13 and 55 as follows:
16 (205 ILCS 305/13) (from Ch. 17, par. 4414)
17 Sec. 13. General Powers. A credit union may:
18 (1) Make contracts; sue and be sued; adopt and use a
19 common seal and alter same;
20 (2) Acquire, lease (either as lessee or lessor), hold,
21 pledge, mortgage, sell and dispose of real property, either
22 in whole or in part, or any interest therein, as may be
23 necessary or is incidental to its present or future
24 operations and needs subject to such limitations as may be
25 imposed thereon in rules and regulations promulgated by the
26 Director; acquire, lease (either as lessee or lessor), hold,
27 pledge, mortgage, sell and dispose or personal property,
28 either in whole or in part, or any interest therein, as may
29 be necessary or is incidental to its present or future
30 operations and needs;
31 (3) At the discretion of the Board of Directors, require
32 the payment of an entrance fee or annual membership fee, or
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1 both, of any person admitted to membership;
2 (4) Receive savings from its members in the form of
3 shares of various classes, or special purpose share accounts;
4 act as custodian of its members' accounts; issue shares in
5 trust as provided in this Act;
6 (5) Lend its funds to its members and otherwise as
7 hereinafter provided;
8 (6) Borrow from any source in accordance with policy
9 established by the Board of Directors to a maximum of 50% of
10 capital, surplus and reserves;
11 (7) Discount and sell any obligations owed to the credit
12 union;
13 (8) Honor requests for withdrawals or transfers of all
14 or any part of member share accounts, and any classes
15 thereof, in any manner approved by the credit union Board of
16 Directors;
17 (9) Sell all or substantially all of its assets or
18 purchase all or substantially all of the assets of another
19 credit union, subject to the prior approval of the Director;
20 (10) Invest surplus funds as provided in this Act;
21 (11) Make deposits in banks, savings banks, savings and
22 loan associations, trust companies; and invest in shares,
23 classes of shares or share certificates of other credit
24 unions;
25 (12) Assess charges and fees to members in accordance
26 with board resolution;
27 (13) Hold membership in and pay dues to associations and
28 organizations; to invest in shares, stocks or obligations of
29 any credit union organization;
30 (14) Declare dividends and pay interest refunds to
31 borrowers as provided in this Act;
32 (15) Collect, receive and disburse monies in connection
33 with providing negotiable checks, money orders and other
34 money-type instruments, and for such other purposes as may
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1 provide benefit or convenience to its members, and charge a
2 reasonable fee for such services;
3 (16) Act as fiscal agent for and receive deposits from
4 the federal government, this state or any agency or political
5 subdivision thereof;
6 (17) Receive savings from nonmembers in the form of
7 shares or share accounts in the case of credit unions serving
8 predominantly low-income members. The term "low income
9 members" shall mean those members whose annual income falls
10 at or below the lower level standard of living classification
11 as established by the Bureau of Labor Statistics and updated
12 by the Employment and Training Administration of the U.S.
13 Department of Labor. The term "predominantly" is defined as a
14 simple majority; and
15 (18) To establish, maintain, and operate terminals as
16 authorized by the Electronic Fund Transfer Act; and
17 (19) To act as the agent for any fire, life, or other
18 insurance company authorized by the State of Illinois, by
19 soliciting and selling insurance and collecting premiums on
20 policies issued by such company; and may receive for services
21 so rendered such fees or commissions as may be agreed upon
22 between the said credit union and the insurance company for
23 which it may act as agent; provided, however, that no such
24 credit union shall in any case assume or guarantee the
25 payment of any premium on insurance policies issued through
26 its agency by its principal; and provided further, that the
27 credit union shall not guarantee the truth of any statement
28 made by an assured in filing his application for insurance.
29 (Source: P.A. 88-235; 89-310, eff. 1-1-96.)
30 (205 ILCS 305/55) (from Ch. 17, par. 4456)
31 Sec. 55. Insurance for Members. (1) A credit union may
32 purchase or make available insurance for its members.
33 (2) A credit union may enter into cooperative marketing
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1 arrangements to facilitate its members' voluntary purchase of
2 insurance including, but not by way of limitation, life
3 insurance, disability insurance, accident and health
4 insurance, property insurance, liability insurance and legal
5 expense insurance.
6 Nothing in this Act shall be construed to allow credit
7 unions to engage in the retail sale of insurance to their
8 members.
9 (Source: P.A. 81-329.)
10 Section 25. The Corporate Fiduciary Act is amended by
11 changing Section 1-6 as follows:
12 (205 ILCS 620/1-6) (from Ch. 17, par. 1551-6)
13 Sec. 1-6. General Corporate Powers. A corporate
14 fiduciary shall have the powers:
15 (a) if it is a State bank, those powers granted under
16 Sections 3 and 5 of the Illinois Banking Act, as now or
17 hereafter amended; and
18 (b) if it is a State savings and loan association, those
19 powers granted under Sections 1-6 through 1-8 of the Illinois
20 Savings and Loan Act of 1985, as now or hereafter amended;
21 and
22 (c) if it is a corporation organized under the Business
23 Corporation Act of 1983, as now or hereafter amended, those
24 powers granted in Sections 4.01 through 4.24 of the Trusts
25 and Trustees Act, as now or hereafter amended, to the extent
26 the exercise of such powers by the corporate fiduciary are
27 not contrary to the instrument containing the appointment of
28 the corporate fiduciary, the court order appointing the
29 corporate fiduciary or any other statute specifically
30 limiting the power of the corporate fiduciary under the
31 circumstances; and.
32 (d) to act as the agent for any fire, life, or other
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1 insurance company authorized by the State of Illinois, by
2 soliciting and selling insurance and collecting premiums on
3 policies issued by such company; and may receive for services
4 so rendered such fees or commissions as may be agreed upon
5 between the said corporate fiduciary and the insurance
6 company for which it may act as agent; provided, however,
7 that no such corporate fiduciary shall in any case assume or
8 guarantee the payment of any premium on insurance policies
9 issued through its agency by its principal; and provided
10 further, that the corporate fiduciary shall not guarantee the
11 truth of any statement made by an assured in filing his
12 application for insurance.
13 The Commissioner may specify powers of corporate
14 fiduciaries generally or of a particular corporate fiduciary
15 and by rule or order limit or restrict such powers of
16 corporate fiduciaries or a particular corporate fiduciary if
17 he finds the exercise of such power by corporate fiduciaries
18 generally or of the corporate fiduciary in particular may
19 tend to be an unsafe or unsound practice, or if such power is
20 otherwise not in the interest of beneficiaries of any
21 fiduciary appointment.
22 (Source: P.A. 86-754.)
23 Section 30. The Illinois Insurance Code is amended by
24 changing Section 499.1 and adding Article XLIV as follows:
25 (215 ILCS 5/499.1) (from Ch. 73, par. 1065.46-1)
26 Sec. 499.1. Registered firms.
27 (a) Any corporation or partnership transacting insurance
28 business as an insurance agency shall register with the
29 Director before transacting insurance business in this State.
30 Such registration shall remain in effect as long as the firm
31 pays the annual fee required by Section 509.1 of this Code by
32 the date due, unless the registration is revoked or suspended
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1 pursuant to Section 505.1 of this Code.
2 (b) Each firm required to register before acting as a
3 registered firm pursuant to this Article shall appoint one or
4 more licensed insurance producers who are officers,
5 directors, or partners in the firm to be responsible for the
6 firm's compliance with the insurance laws and Title 50 of the
7 Illinois Administrative Code. Such individual or individuals
8 shall submit to the Director a registration form and the fees
9 required by Section 509.1. The Director shall prescribe the
10 registration form and may require any documents reasonably
11 necessary to verify the information contained in the
12 registration form. Within 30 days of a change in officers,
13 directors, or partners who are appointed to be responsible
14 for the firm's compliance with the insurance laws and Title
15 50 of the Illinois Administrative Code, the firm shall report
16 the change to the Department.
17 (c) The registered firm shall inform the Director in
18 writing of a change in its business address within 30 days of
19 such change.
20 (d) Each registered firm shall disclose its members,
21 officers or directors who are authorized to act as insurance
22 producers, and report any changes in such personnel to the
23 Director within 30 days of such changes.
24 (e) (Blank). A registered firm may not be a national
25 bank located in a city, village or incorporated town with a
26 population exceeding 5,000 according to the last federal
27 census, a State bank or a trust company, or a subsidiary,
28 affiliate, officer or employee of any such national or State
29 bank or trust company contributing directly or indirectly to
30 the income of such bank or trust company any profit or fees
31 or part thereof derived from the solicitation, negotiation or
32 effecting of insurance.
33 (Source: P.A. 89-240, eff. 1-1-96.)
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1 (215 ILCS 5/Article heading new)
2 ARTICLE XLIV
3 FINANCIAL INSTITUTIONS INSURANCE SALES LAW
4 (215 ILCS 5/1400 new)
5 Sec. 1400. Short title. This Article may be cited as
6 the Financial Institutions Insurance Sales Law.
7 (215 ILCS 5/1401 new)
8 Sec. 1401. Purpose. The purpose of this Article is to
9 increase the availability of insurance products to the
10 citizens of this State by expanding those businesses
11 authorized to sell insurance products to include financial
12 institutions, and to protect the interests of the citizens of
13 this State by regulating their authority to do so. This
14 Article does not apply to activities or services conducted by
15 or for a financial institution that do not require licensure
16 as an insurance producer, temporary insurance producer,
17 limited insurance representative, or registered firm.
18 (215 ILCS 5/1402 new)
19 Sec. 1402. Definitions. For the purposes of this
20 Article:
21 "Affiliate" means any financial institution, business
22 corporation, limited liability company, business trust,
23 partnership, joint venture, sole proprietorship or other
24 entity that is not directly or indirectly at least 80%
25 commonly owned with a financial institution.
26 "Financial institution" means: (a) a State bank, a
27 National bank, or an out-of-state bank, as those terms are
28 defined in the Illinois Banking Act, or any subsidiary of a
29 State bank, a National bank, or an out-of-state bank; (b) a
30 foreign banking corporation, as that term is defined in the
31 Foreign Banking Office Act, or any subsidiary of a foreign
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1 banking corporation; (c) a corporate fiduciary, as that term
2 is defined in the Corporate Fiduciary Act; (d) a savings bank
3 organized under the Savings Bank Act, an out-of-state savings
4 bank chartered under the laws of a state other than Illinois,
5 a territory of the United States, or the District of
6 Columbia, or a federal savings bank organized under federal
7 law, or any subsidiary of a savings bank, an out-of-state
8 savings bank or a federal savings bank; (e) an association or
9 federal association, as those terms are defined in the
10 Illinois Savings and Loan Act of 1985, or any subsidiary of
11 an association or federal association; (f) an out-of-state
12 savings and loan association chartered under the laws of a
13 state other than Illinois, a territory of the United States
14 or the District of Columbia, or a federal savings and loan
15 association organized under federal law whose principal
16 business office is located outside of Illinois, or any
17 subsidiary of an out-of-state savings and loan association or
18 federal savings and loan association whose principal business
19 office is located outside of Illinois; or (g) a credit union
20 as defined in the Illinois Credit Union Act, or any
21 subsidiary of a credit union. To the extent that an
22 affiliate of a financial institution that is not a subsidiary
23 of the financial institution conducts insurance activities on
24 behalf of or on the premises of the financial institution,
25 such affiliate shall be deemed to be a financial institution
26 for the purpose of such activities.
27 "Insurance" means all products defined and regulated as
28 insurance under the Illinois Insurance Code, but shall not
29 include: (a) credit life, credit accident and health, credit
30 involuntary unemployment, credit casualty and credit property
31 insurance; (b) extended service contracts and warranty
32 agreements (c) insurance obtained by the debtor to provide
33 payment for the difference between the remaining balance on a
34 loan or other extension of credit and the amount of insurance
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1 coverage on the collateral securing the loan or other
2 extension of credit; (d) insurance placed by a financial
3 institution on collateral used in connection with a loan or
4 other extension of credit when a debtor breaches the
5 contractual obligation to provide that insurance; (e) title
6 insurance regulated by the Title Insurance Act; and (f)
7 private mortgage insurance and financial guarantee insurance.
8 (215 ILCS 5/1403 new)
9 Sec. 1403. Licensure requirements of financial
10 institutions.
11 (a) A financial institution transacting insurance
12 business in this State as an insurance agency shall register
13 with the Director pursuant to Section 499.1 of the Illinois
14 Insurance Code and shall be subject to the laws, rules, and
15 regulations of this State for insurance agencies registered
16 pursuant to Section 499.1. For the purposes of this Section,
17 a "financial institution" means the subsidiary of a financial
18 institution when the financial institution is transacting
19 insurance business in this State only through the subsidiary.
20 For the purposes of Section 499.1, a financial institution
21 shall be deemed to be a corporation.
22 (b) Insurance business transacted by a financial
23 institution as a registered firm shall be transacted only by
24 individuals who have been issued an insurance producer's
25 license.
26 (215 ILCS 5/1404 new)
27 Sec. 1404. Subsidiaries or divisions. A financial
28 institution shall not qualify for registration as a
29 registered firm under Section 499.1 of the Illinois Insurance
30 Code unless: (1) it establishes a separate subsidiary that
31 acts as the registered firm or (2) it is otherwise permitted
32 by law to sell insurance directly through the financial
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1 institution, and it establishes a separate division within
2 the financial institution to conduct the business of the
3 registered firm. The subsidiary or division acting as a
4 registered firm shall maintain separate records for insurance
5 transactions that are distinguishable from the records of the
6 financial institution.
7 (215 ILCS 5/1405 new)
8 Sec. 1405. Extensions of credit. A financial
9 institution shall not delay or impede the completion of a
10 loan transaction or other transactions involving the
11 extension of credit for the purpose of influencing a
12 customer's selection of any insurance product.
13 (215 ILCS 5/1406 new)
14 Sec. 1406. Insurance and financial institution
15 products.
16 (a) No financial institution may offer banking products
17 or services, or fix or vary the consideration of such offer,
18 on a condition or requirement that the customer obtain
19 insurance from the financial institution or any affiliate of
20 the financial institution.
21 (b) A financial institution that offers banking products
22 or services in conformity with the provisions of Section 106
23 of the Bank Holding Company Act Amendments of 1970 (12 U.S.C.
24 Sec. 1972) shall be deemed to be in compliance with the
25 provisions of subsection (a) of this Section.
26 (c) No financial institution shall require that a
27 customer or prospective customer of the financial institution
28 purchase an insurance product from any particular registered
29 firm or insurance producer as a condition for the lending of
30 money or extension of credit, the establishment or
31 maintenance of a checking, savings or other deposit account,
32 or the establishment or maintenance of a trust account.
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1 (215 ILCS 5/1407 new)
2 Sec. 1407. Anti-rebating. No financial institution may
3 rebate an insurance product in violation of Section 151 of
4 the Illinois Insurance Code.
5 (215 ILCS 5/1408 new)
6 Sec. 1408. Discrimination prohibited. No financial
7 institution may:
8 (1) require as a condition of providing any product or
9 service or renewal of any contract for providing such product
10 or service to any customer, that the customer acquire,
11 finance, or negotiate any policy or contract of insurance
12 through a particular insurer, insurance producer, or
13 registered firm;
14 (2) in connection with a loan or extension of credit
15 that requires a borrower to obtain insurance, reject an
16 insurance policy solely because the policy has been issued or
17 underwritten by any person who is not associated with the
18 financial institution;
19 (3) impose any discriminatory requirement on any
20 insurance producer who is not associated with the financial
21 institution that is not imposed on any insurance producer who
22 is associated with the financial institution; or
23 (4) if the financial institution is a registered firm,
24 require any debtor, insurer, or insurance producer to pay a
25 separate charge in connection with the handling of insurance
26 that is required under a contract, unless: (a) the financial
27 institution is the registered firm providing the insurance,
28 (b) if the financial institution is not the registered firm
29 providing the insurance, the charge would be uniformly
30 applied if the financial institution was the registered firm
31 providing the insurance, or (c) the charge is otherwise
32 permitted by applicable State or federal law.
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1 (215 ILCS 5/1409 new)
2 Sec. 1409. Disclosure. A financial institution shall
3 clearly and conspicuously disclose in any written
4 advertisement, promotional or informational material
5 regarding an insurance product that the insurance offered,
6 recommended, sponsored or sold:
7 (1) is not a deposit;
8 (2) is not insured by the Federal Deposit Insurance
9 Corporation, or in the case of a credit union, by the
10 National Credit Union Share Insurance Fund;
11 (3) is not guaranteed by the financial institution or an
12 affiliated insured depository institution; and
13 (4) where appropriate, involves investment risk,
14 including potential loss of principal.
15 (215 ILCS 5/1410 new)
16 Sec. 1410. Misleading advertising. No financial
17 institution may employ any advertisement that would mislead
18 or otherwise cause a reasonable person to believe mistakenly
19 that the State of Illinois or the United States government is
20 responsible for the insurance or annuities sales activities
21 of a financial institution or stands behind the financial
22 institution92s credit, or that the State of Illinois or the
23 United States government guarantees any returns on insurance
24 or annuities products or is a source of payment of any
25 insurance or annuities obligation of or sold by the financial
26 institution, or that such insurance or annuities product is
27 insured, guaranteed, or approved by the United States, by any
28 agency officer thereof, including the Federal Deposit
29 Insurance Corporation, or by the State of Illinois or any
30 agency or officer thereof.
31 (215 ILCS 5/1411 new)
32 Sec. 1411. Solicitations to loan applicants. A
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1 financial institution that requires a customer to obtain
2 insurance in connection with a loan or extension of credit
3 and that offers such insurance either directly or through an
4 affiliate shall clearly disclose to the customer in writing
5 that such insurance also may be obtained from unaffiliated
6 third parties that sell insurance and that the customer's
7 choice of insurance provider will not affect the financial
8 institution's credit decision or credit terms. This Section
9 shall not apply when a financial institution is contacting a
10 customer in the course of direct or mass marketing to a group
11 of persons in a manner that bears no relation to the
12 customer's loan application or credit decision.
13 (215 ILCS 5/1412 new)
14 Sec. 1412. Commissions and compensation. No financial
15 institution shall pay, directly or indirectly, any
16 commission, service fee, brokerage or other valuable
17 consideration to any person for services as an insurance
18 producer, temporary insurance producer or limited insurance
19 representative, or for such services by the person's members,
20 officers, directors or employees, unless the person, and any
21 member, officer, director or employee performing such
22 service, held a valid license regarding the class of
23 insurance as to which such service was rendered, or unless
24 the person was a properly registered firm at the time such
25 service was performed. No person, other than a person
26 properly licensed or registered in accordance with Article
27 XXI of the Illinois Insurance Code at the time the person
28 performs services as an insurance producer, temporary
29 insurance producer or limited insurance representative, shall
30 accept any commission, service fee, brokerage or other
31 valuable consideration for such services. This Section shall
32 not prevent payment or receipt of:
33 (1) renewal or other deferred commissions to or by any
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1 person entitled thereto under this Section;
2 (2) fees to or by a financial institution or any other
3 person for services that do not require licensure as an
4 insurance producer, temporary insurance producer, limited
5 insurance representative or registered firm; or
6 (3) consideration paid to a financial institution by a
7 registered firm, insurance producer, insurance company or any
8 other person pursuant to any lease agreement.
9 (215 ILCS 5/1413 new)
10 Sec. 1413. Physical location. To the extent
11 practicable, a financial institution's sale of insurance
12 shall be in a location that is distinct from a traditional
13 teller window or common teller area. The involvement of
14 tellers and any persons not licensed as insurance producers
15 shall be limited to referring customers to insurance
16 producers.
17 (215 ILCS 5/1414 new)
18 Sec. 1414. Signage. Signs concerning the availability
19 of insurance products offered by the financial institution or
20 any registered firm that are displayed in the same area where
21 applications for loans or other extensions of credit are
22 being taken or closed shall include the disclosure set forth
23 in Section 1411 of this Article.
24 (215 ILCS 5/1415 new)
25 Sec. 1415. Customer records.
26 (a) A financial institution that is a registered firm
27 may not release a customer's insurance information to any
28 person other than an officer, director, employee, agent or
29 affiliate of the financial institution without the written
30 consent of the customer. For the purposes of this Section,
31 "insurance information" means information concerning the
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1 premiums, terms and conditions of insurance coverage,
2 insurance claims and insurance history of a customer,
3 contained in the financial institution's records.
4 (b) Subsection (a) shall not apply to: (1) names,
5 addresses and telephone numbers derived in any manner from
6 the financial institution's records, or (2) the release of
7 insurance information as otherwise authorized by State or
8 federal law.
9 (215 ILCS 5/1416 new)
10 Sec. 1416. Penalties.
11 (a) A violation of any provision of this Article shall
12 be subject to subsection (6) of Section 401.1 of the Illinois
13 Insurance Code.
14 (b) A violation of any provision of this Article shall
15 not be used as a defense by any person in any action by a
16 financial institution to recover the amount owing on any loan
17 or extension of credit.
18 (215 ILCS 5/1417 new)
19 Sec. 1417. Application of Article. A financial
20 institution transacting an insurance business in this State
21 prior to the effective date of this amendatory Act of 1997
22 shall comply with the provisions of Sections 1404, 1409,
23 1411, 1413, and 1414 as soon as practicable, but no later
24 than 180 days after the effective date of this amendatory Act
25 of 1997.
26 Section 35. The provisions of this amendatory Act of
27 1997 and the changes made to existing statutory law by this
28 amendatory Act of 1997 are severable under Section 1.31 of
29 the Statute on Statutes.
30 Section 99. Effective date. This Act takes effect upon
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1 becoming law.
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1 INDEX
2 Statutes amended in order of appearance
3 205 ILCS 5/5 from Ch. 17, par. 311
4 205 ILCS 5/48.2 from Ch. 17, par. 360.1
5 205 ILCS 105/1-6 from Ch. 17, par. 3301-6
6 205 ILCS 205/1008 from Ch. 17, par. 7301-8
7 205 ILCS 305/13 from Ch. 17, par. 4414
8 205 ILCS 305/55 from Ch. 17, par. 4456
9 205 ILCS 620/1-6 from Ch. 17, par. 1551-6
10 215 ILCS 5/499.1 from Ch. 73, par. 1065.46-1
11 215 ILCS 5/Article heading new
12 215 ILCS 5/1400 new
13 215 ILCS 5/1401 new
14 215 ILCS 5/1402 new
15 215 ILCS 5/1403 new
16 215 ILCS 5/1404 new
17 215 ILCS 5/1405 new
18 215 ILCS 5/1406 new
19 215 ILCS 5/1407 new
20 215 ILCS 5/1408 new
21 215 ILCS 5/1409 new
22 215 ILCS 5/1410 new
23 215 ILCS 5/1411 new
24 215 ILCS 5/1412 new
25 215 ILCS 5/1413 new
26 215 ILCS 5/1414 new
27 215 ILCS 5/1415 new
28 215 ILCS 5/1416 new
29 215 ILCS 5/1417 new