Illinois Compiled Statutes 215 ILCS 5/123B-10 – Administrative and procedural authority regarding risk retention groups and purchasing groups
Current as of: 2024 | Check for updates
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/123B-10
- Director: means the Director of the Department of Insurance. See Illinois Compiled Statutes 215 ILCS 5/123B-2
- Liability: means :
(a) legal liability for damages (including costs of
defense, legal costs and fees, and other claims expenses) because of injuries to other persons, damage to their property, or other damage or loss to such other persons resulting from or arising out of: |
(i) any business (whether for profit or not for
profit), trade, product, services (including professional services), premises, or operations; or |
(ii) any activity of any state or local
government, or any agency or political subdivision thereof; but |
(b) does not include personal risk liability and an
employer's liability with respect to its employees other than legal liability under the Federal Employers' Liability Act (45 U. See Illinois Compiled Statutes 215 ILCS 5/123B-2 The Director is authorized to make use of any of the powers established under this Code to enforce the laws of this State so long as those powers are not specifically preempted by the Product Liability Risk Retention Act of 1981, as amended by the Risk Retention Amendments of 1986. This includes, but is not limited to, the Director’s administrative authority to investigate, issue subpoenas, conduct depositions and hearings, issue orders (including without limitation orders pursuant to Article XII 1/2 and Section 401.1), and impose penalties. With regard to any investigation, administrative proceedings, or litigation, the Director can rely on the procedural law and regulations of this State.
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