Ill. Admin. Code tit. 50, § 206.30 - Definitions

Current through Register Vol. 46, No. 15, April 8, 2022

For the purposes of this Part, the following definitions apply:

"Articles of Incorporation" means the basic instrument of an incorporated company and all amendments to that instrument and includes "Charter", "Articles of Organization", "Articles of Reorganization", "Articles of Association", "Deed of Settlement", and "Declaration of Organization".

"Code" means the Illinois Insurance Code [ 215 ILCS 5 ].

"Department" means the Illinois Department of Insurance.

"Director" means the Director of the Department of Insurance of the State of Illinois or anyone to whom the Director's responsibilities and authority are lawfully delegated.

"Director of the Insurance Company" means an individual who leads or supervises a particular area of the insurance company.

"Domestic Insurance Company" means a company incorporated or organized under the laws of this State.

"Officer of the Insurance Company", when used to refer to an officer of a company, includes an attorney-in-fact for a reciprocal or Lloyds.

"Service of Process" means any lawful process in any action or legal proceeding against the domestic insurance company.

"Registered Agent" means either a natural person or a domestic (licensed to transact business in this State) artificial legal entity (corporation, LLC, LP or LLP).

Notes

Ill. Admin. Code tit. 50, § 206.30
Adopted at 42 Ill. Reg. 10406, effective 6/4/2018.

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