Illinois § 144.2
Full text of Illinois Illinois Compiled Statutes § 144.2, with citation guidance and answers to common questions.
§ 144.2.
Notification of insurance business. (a) Upon notice by the Director, a company having direct premium income must file with the Director supplemental information regarding its insurance business. The Director shall by rule establish standards to determine the companies to be given notice. (b) The notice prescribed by this Section may require the company to provide information concerning, but not limited to, the following: (1) adequacy of rates; (2) marketing methodology and acquisition expenses; (3) underwriting standards; (4) recordkeeping and statistical systems; (5) claim systems and claim reserving systems; (6) reinsurance; and (7) the general financial condition of the company. (Source: P.A. 90-381, eff. 8-14-97.)
Frequently Asked Questions About Illinois § 144.2
What does Illinois Compiled Statutes § 144.2 cover?
Section 144.2 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 144.2?
A common citation format is "Illinois Compiled Statutes § 144.2" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 144.2 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.