Illinois General Assembly - Illinois Compiled Statutes

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215 ILCS 155/13

(215 ILCS 155/13) (from Ch. 73, par. 1413)

Sec. 13.

Annual statement.

(a)

Each title insurance company shall file with the Department
during the month of March of each year, a statement under oath, of the
condition of such company on the thirty-first day of December next
preceding disclosing the assets, liabilities, earnings and expenses of the
company. The report shall be in such form and shall contain such additional
statements and information as to the affairs, business, and conditions of
the company as the Secretary may from time to time prescribe or require.

(b) By  June  1  of each year, a title insurance company must file with the Department a copy of its most recent audited financial statements.

(c) If determined to be necessary and appropriate by the Department, a title insurance company shall provide a summary describing its professional reinsurance placed outside of the title insurance industry.

(Source: P.A. 100-570, eff. 6-1-18.)