Illinois Compiled Statutes 215 ILCS 5/100 – Minimum available assets required of domestic Lloyds
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/100
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The aggregate of the amounts on deposit of all underwriters and all other admitted assets of each domestic Lloyds available for the payment of losses shall at all times be at least five times the amount to be assumed by such Lloyds, net not including reinsurance in licensed insurers, upon a single risk cumulative for each kind of insurance.