Illinois Compiled Statutes 215 ILCS 5/13 – Minimum capital and surplus requirements
(a) Class 1, Clauses (a), (b) or (c), $1,000,000;
more than one clause, $1,000,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j) $1,000,000; more than one clause, $1,000,000.
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(c) Class 2, Clauses (e), (f), (k), (l) or Class 3,
any or all clauses or any combination thereof, $400,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $1,000,000.
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(e) Class 2, Clause (f) only or (k) only, $100,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(2) A company organized after December 31, 1985 under this Article must have at the time its Certificate of Authority is issued by the Director paid-in surplus of not less than the minimum paid-in surplus requirement applicable to the class or classes and clause or clauses of Section 4 describing the kind or kinds of insurance which it is authorized to write, as follows:
(a) Class 1, Clauses (a), (b) or (c), $1,000,000;
more than one clause, $1,000,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $1,000,000; more than one clause, $1,000,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $600,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $1,000,000.
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(e) Class 2, Clause (f) only or (k) only, $150,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(a) Class 1, Clauses (a), (b) or (c), $500,000; more
than one clause, $500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $500,000; more than one clause, $500,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $300,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $500,000.
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(e) Class 2, Clause (f) only or (k) only, $50,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(a) Class 1, Clauses (a), (b) or (c), $500,000; more
than one clause, $500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $500,000; more than one clause, $500,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $300,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $500,000.
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(e) Class 2, Clause (f) only or (k) only, $50,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(a) Class 1, Clauses (a), (b) or (c), $1,200,000;
more than one clause, $1,200,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $1,200,000; more than one clause, $1,200,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $600,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $1,200,000.
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(e) Class 2, Clause (f) only or (k) only, $100,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(a) Class 1, Clauses (a), (b) or (c), $1,500,000;
more than one clause, $1,500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $1,500,000; more than one clause, $1,500,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $700,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $1,500,000.
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(e) Class 2, Clause (f) only or (k) only, $150,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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(a) Class 1, Clauses (a), (b) or (c), $1,500,000;
more than one clause, $1,500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), $1,500,000; more than one clause, $1,500,000.
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(c) Class 2, Clauses (e), (f), (k), (l), or Class 3,
any or all clauses or any combination thereof, $700,000.
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(d) Class 2, any or all clauses other than those
specified in (c) above, and Class 3, any or all clauses, $1,500,000.
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(e) Class 2, Clause (f) only or (k) only, $150,000;
provided any company to which this subparagraph is applicable shall not expose itself to any loss on any one risk in an amount exceeding $5,000.
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/13
- Probate: Proving a will
(8) Any company organized prior to September 10, 1971 or converted from a mutual company to a stock company between July 1, 1983 and June 30, 1985, which had less than $1,000,000 capital and surplus on January 1, 1986, and whose authority is limited to Class 2 of Section 4 of this Code and which is regulated under this Article, shall be exempt from the requirements of paragraphs (5) and (6) of this Section.
(9) The Director shall take action under Section 34 of this Code against any company which fails to maintain the minimum surplus required by this Section. The words “minimum surplus” mean the net total of the following accounts, where applicable, as they appear in the annual statement of a stock company on the usual and proper annual statement form prescribed by the National Association of Insurance Commissioners: paid-in surplus; contributed surplus; unassigned or earned surplus; and special surplus.