Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 5/145

(215 ILCS 5/145) (from Ch. 73, par. 757)

Sec. 145.

Deposits.

When any company is required by the laws of this State or of any state
or country, or by other competent authority, to make a deposit with an
insurance supervising official or other financial officer and the company
desires to make such deposit in this State the Director shall accept such
deposit, if made in securities authorized for investment by Article VIII
of this Code. So long as the company continues solvent and complies with
the laws of this State it may collect the income on such securities. The
company may substitute therefor other like securities as prescribed by this
Code for deposit. If the value of securities deposited by any company shall
decline below the amount so required, the company shall make a further
deposit.

(Source: Laws 1959, p. 1431.)