Illinois Compiled Statutes 215 ILCS 5/59 – Reinsurance agreements
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/59
- Contract: A legal written agreement that becomes binding when signed.
Unless the contract provides otherwise any reinsurance agreement effected by any company subject to the provisions of this Article upon the whole or any part of any risk shall be without contingent liability or participation or membership.