Illinois § 4
Full text of Illinois Illinois Compiled Statutes § 4, with citation guidance and answers to common questions.
§ 4.
Definition of Admitted Assets. Admitted assets shall include those investments permitted under Section 12 of this Act and in addition thereto, only the following: (1) Cash funds held in the company's office and under the company's control. (2) Interest due and accrued on bonds, certificates of deposit and other investments permitted by this Act that are not in default. (3) Dividends declared and unpaid on mutual funds, common stock, and preferred stock, permitted by this Act. (4) Amounts recoverable from solvent insurance companies licensed to do business in this State. (5) Tax refunds due from the United States or the State of Illinois. (6) Premiums receivable on policies not over 90 days past due. The due date of the premium shall be considered to be the first day of the coverage period for which the premium is payable. (Source: P.A. 90-794, eff. 1-1-99.)
Frequently Asked Questions About Illinois § 4
What does Illinois Compiled Statutes § 4 cover?
Section 4 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 § 4?
A common citation format is "Illinois Compiled Statutes § 4" (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 § 4 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.