The applicant for a license shall file with the Director an application upon a form prescribed by the Director, which shall include or have attached the following:
         (1) The names, addresses and official positions of
    
the individuals who are responsible for the conduct of the affairs of the administrator, including but not limited to all members of the board of directors, board of trustees, executive committee, or other governing board or committee, the principal officers in the case of a corporation or the partners in the case of a partnership; and
        (2) A non-refundable filing fee of $200 which shall
    
become the initial administrator license fee should the Director issue an administrator license.

Terms Used In Illinois Compiled Statutes 215 ILCS 5/511.103

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
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