Illinois § 25
Full text of Illinois Illinois Compiled Statutes § 25, with citation guidance and answers to common questions.
§ 25.
Duties of insurers utilizing the services of a reinsurance intermediary broker. (a) An insurer shall not engage the services of any person, firm, association, or corporation to act as an intermediary broker on its behalf unless the person is licensed as required by Section 10 of this Act. (b) An insurer may not employ an individual who is employed by an intermediary broker with which it transacts business, unless the intermediary broker is under common control with the insurer and subject to the Holding Company Act. (c) The insurer shall annually obtain a copy of statements of the financial condition of each intermediary broker with which it transacts business. (Source: P.A. 87-108.)
Frequently Asked Questions About Illinois § 25
What does Illinois Compiled Statutes § 25 cover?
Section 25 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 § 25?
A common citation format is "Illinois Compiled Statutes § 25" (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 § 25 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.