Illinois Compiled Statutes 215 ILCS 5/228 – Industrial Life Insurance Defined. As used in this Code “industrial …
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/228
- 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
Industrial Life Insurance Defined. As used in this Code “industrial life insurance” means either that form of life insurance under which the premiums are payable monthly or more often if the face amount of insurance provided in the policy does not exceed $2,500 and the words “industrial policy” are printed in prominent type on the face of the policy. Any life company authorized to do business in this State may issue industrial policies.