In addition to the duties and powers enumerated elsewhere in this Article:
         (1) The Director must do all of the following:

Terms Used In Illinois Compiled Statutes 215 ILCS 5/531.11

  • Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Month: means a calendar month, and the word "year" a calendar year unless otherwise expressed; and the word "year" alone, is equivalent to the expression "year of our Lord. See Illinois Compiled Statutes 5 ILCS 70/1.10
  • 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

             (a) Upon request of the board of directors,
        
provide the Association with a statement of the premiums in the appropriate accounts for each member insurer.
            (b) Notify the board of directors of the
        
existence of an impaired or insolvent insurer not later than 3 days after a determination of impairment or insolvency is made or when the Director receives notice of impairment or insolvency.
            (c) Give notice to an impaired insurer as
        
required by Sections 34 or 60. Notice to the impaired insurer shall constitute notice to its shareholders, if any.
            (d) In any liquidation or rehabilitation
        
proceeding involving a domestic member insurer, be appointed as the liquidator or rehabilitator. If a foreign or alien member insurer is subject to a liquidation proceeding in its domiciliary jurisdiction or state of entry, the Director shall be appointed conservator.
        (2) The Director may suspend or revoke, after notice
    
and hearing, the certificate of authority to transact business in this State of any member insurer which fails to pay an assessment when due or fails to comply with the plan of operation. As an alternative the Director may levy a forfeiture on any member insurer which fails to pay an assessment when due. Such forfeiture may not exceed 5% of the unpaid assessment per month, but no forfeiture may be less than $100 per month.
        (3) Any action of the board of directors or the
    
Association may be appealed to the Director by any member insurer or any other person adversely affected by such action if such appeal is taken within 30 days of the action being appealed. Any final action or order of the Director is subject to judicial review in a court of competent jurisdiction.
        (4) The liquidator, rehabilitator, or conservator of
    
any impaired insurer may notify all interested persons of the effect of this Article.
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