Terms Used In Illinois Compiled Statutes 215 ILCS 5/35B-1

• division: means the act by operation of law by which a domestic stock company divides into 2 or more resulting companies in accordance with a plan of division and this Article;
       "Dividing company" means a domestic stock company that approves a plan of division pursuant to Section 35B-20;
       "Domestic stock company" means a domestic stock company transacting or being organized to transact any of the kinds of insurance business enumerated in Section 4. See Illinois Compiled Statutes 215 ILCS 5/35B-10