Illinois Compiled Statutes 215 ILCS 107/5.05 – Accredited state
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Terms Used In Illinois Compiled Statutes 215 ILCS 107/5.05
- 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
“Accredited state” means a state in which the insurance regulatory agency has qualified as meeting the minimum financial regulatory standards promulgated and established from time to time by the National Association of Insurance Commissioners.