Illinois Compiled Statutes 215 ILCS 5/123C-17 – Fees
Current as of: 2024 | Check for updates
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A. The Director shall charge, collect, and give proper acquittances for the payment of the following fees and charges with respect to a captive insurance company:
1. For filing all documents submitted for the
1. For filing all documents submitted for the
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incorporation or organization or certification of a captive insurance company, $2,000.
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2. For filing requests for approval of changes in the
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elements of a plan of operations, $200.
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B. Except as otherwise provided in subsection A of this Section and in Section 123C-10, the provisions of Section 408 shall apply to captive insurance companies.
C. Any funds collected from captive insurance companies pursuant to this Section shall be treated in the manner provided in subsection (11) of Section 408.
Terms Used In Illinois Compiled Statutes 215 ILCS 5/123C-17
- Captive insurance company: means any pure captive insurance company, association captive insurance company or industrial insured captive insurance company organized under the provisions of this Article. See Illinois Compiled Statutes 215 ILCS 5/123C-1
- Director: means the Director of the Department of Insurance. See Illinois Compiled Statutes 215 ILCS 5/123C-1
C. Any funds collected from captive insurance companies pursuant to this Section shall be treated in the manner provided in subsection (11) of Section 408.