Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 5/121-2.05

(215 ILCS 5/121-2.05) (from Ch. 73, par. 733-2.05)

(Text of Section before amendment by P.A. 103-649)

Sec. 121-2.05.

Group insurance policies issued and delivered in other
State-Transactions in this State.
With the
exception of insurance transactions authorized under Sections 230.2 or
367.3 of this Code, transactions in this State involving group legal, group
life and
group accident and health or blanket
accident and health insurance or group
annuities where the master policy of such groups was lawfully issued and
delivered in, and under the laws of, a State in which the insurer was
authorized to do an insurance business, to a group properly established
pursuant to law or regulation, and where the
policyholder is domiciled or otherwise has a bona fide situs.

(Source: P.A. 86-753.)

(Text of Section after amendment by P.A. 103-649)
Sec. 121-2.05.

Group insurance policies issued and delivered in other State-Transactions in this State. With the exception of insurance transactions authorized under Sections 230.2 or 367.3 of this Code or transactions described under Section 352c, transactions in this State involving group legal, group life and group accident and health or blanket accident and health insurance or group annuities where the master policy of such groups was lawfully issued and delivered in, and under the laws of, a State in which the insurer was authorized to do an insurance business, to a group properly established pursuant to law or regulation, and where the policyholder is domiciled or otherwise has a bona fide situs.

(Source: P.A. 103-649, eff. 1-1-25.)