Illinois Compiled Statutes 215 ILCS 5/69 – Documents to be delivered to Director

Upon the execution of a declaration of organization, there shall be delivered to the Director
(a) duplicate originals of the declaration of

organization;

(b) a copy of the power of attorney of the

attorney-in-fact under or by virtue of which such insurance is to be effected or exchanged;

the Director provided for in Section 77;

(d) 2 organization bonds, or the cash or securities,

provided for in Section 70;

(e) the form of guaranty fund agreements and of

guaranty capital shares, if any, as provided in Section 76 to be issued in connection with solicitation of surplus; and

(f) the form of escrow agreement for the deposit of

cash or securities.

Escrow: Money given to a third party to be held for payment until certain conditions are met.
Power of attorney: A written instrument which authorizes one person to act as another's agent or attorney. The power of attorney may be for a definite, specific act, or it may be general in nature. The terms of the written power of attorney may specify when it will expire. If not, the power of attorney usually expires when the person granting it dies. ^{Source: OCC}
Service of process: The service of writs or summonses to the appropriate party.

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