Illinois Compiled Statutes 215 ILCS 5/123C-25 – Captive managers
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Terms Used In Illinois Compiled Statutes 215 ILCS 5/123C-25
- Captive insurance company: means any pure captive insurance company, association captive insurance company or industrial insured captive insurance company organized under the provisions of this Article. See Illinois Compiled Statutes 215 ILCS 5/123C-1
- Captive management company: means an entity providing administrative services to a captive insurance company. See Illinois Compiled Statutes 215 ILCS 5/123C-1
- Director: means the Director of the Department of Insurance. See Illinois Compiled Statutes 215 ILCS 5/123C-1
Before providing captive management services to a licensed captive insurance company, a captive management company shall register with the Director by providing the information required on a form adopted by the Director.