Illinois Compiled Statutes 215 ILCS 5/43 – Minimum surplus requirements
(a) Class 1, Clauses (a), (b) or (c), a surplus of at
least $2,000,000; more than one clause, a surplus of at least $2,000,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), a surplus of at least $2,000,000; more than one clause, a surplus of at least $2,000,000.
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(c) Class 2, Clauses (e), (f), (k), (l) or Class 3,
any or all clauses or any combination thereof, a surplus of at least $1,000,000.
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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, a surplus of at least $2,000,000.
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(e) Class 2, Clause (f) only or (k) only, $250,000;
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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(3) Any company organized prior to January 1, 1986 and regulated under this Article, in addition to the minimum surplus which is required by paragraph (2) of this Section must have by December 31, 1986 and at all times maintain until December 31, 1990 additional minimum surplus of $200,000.
(4) Provided, however, mutual companies organized prior to October 1, 1972 and authorized to engage only in insurance business as specified in Class 2(f) of Section 4 on an assessable basis shall not be required to establish an additional minimum surplus as provided herein.
(5) Subsections (2) and (3) shall be applicable until December 31, 1990 for all companies organized prior to January 1, 1986; thereafter, such companies must have and maintain surplus as required by subsections (7) and (8).
(6) Every company subject to this Article and organized after December 31, 1985 under this Article must maintain minimum surplus 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), a surplus of at
least $1,500,000; more than one clause, a surplus of at least $1,500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), a surplus of at least $1,500,000; more than one clause, a surplus of at least $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, a surplus of at least $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, a surplus of at least $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), a surplus of at
least $1,200,000; more than one clause, a surplus of at least $1,200,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), a surplus of at least $1,200,000; more than one clause, a surplus of at least $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, a surplus of at least $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, a surplus of at least $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), a surplus of at
least $1,500,000; more than one clause, a surplus of at least $1,500,000.
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(b) Class 2, Clauses (a), (b), (c), (d), (g), (h),
(i) or (j), a surplus of at least $1,500,000; more than one clause, a surplus of at least $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, a surplus of at least $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, a surplus of at least $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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