Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 5/451

(215 ILCS 5/451) (from Ch. 73, par. 1063)

Sec. 451.

Companies
not subject to Code.

This Code shall not apply to companies now or hereafter organized or
transacting business under the Title Insurance Act, or Act amendatory thereof,
supplementary thereto, or in replacement thereof; nor to corporations now or hereafter organized and
transacting business under "An Act to provide for the incorporation and
regulation of nonprofit hospital service corporations" approved July 6,
1935, or Act amendatory thereof or supplementary thereto; nor shall any
part of this Code other than Articles X, XI, XIII, and XXIV apply to
companies now or hereafter organized or transacting business under an Act
entitled, "An Act relating to local mutual district, county and township
insurance companies," approved March 13, 1936, or Act amendatory thereof
or supplementary thereto. No domestic company shall be organized under this
Code, nor shall any foreign or alien company receive a certificate of
authority under this Code, to transact the business of title insurance. The changes made to this Section by Public Act 96-334 are a statement and clarification of existing law.

(Source: P.A. 96-334, eff. 1-1-10; 96-1000, eff. 7-2-10.)