Illinois Compiled Statutes 215 ILCS 155/4.1 – Minimum capital and surplus
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Terms Used In Illinois Compiled Statutes 215 ILCS 155/4.1
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
Before doing business in the State of Illinois, a title insurance company must satisfy the Secretary that it has a minimum capital and surplus of $2,000,000. The Secretary may provide the forms and standards for this purpose by rule.