Illinois § 50

Full text of Illinois Illinois Compiled Statutes § 50, with citation guidance and answers to common questions.

§ 50.

Grounds for removal of eligibility; order; hearing; review. (a) Any registration issued under this Act may be revoked or an application for registration may be denied if the Director finds that the lessor or applicant: (1) has willfully violated any provision of this Act or any rule promulgated by the Director; (2) has intentionally made a material misstatement in the application for a registration; (3) has obtained or attempted to obtain a registration through misrepresentation or fraud; (4) has misappropriated or converted to his own, or improperly withheld, money required to be held in a fiduciary capacity; (5) has used fraudulent, coercive, or dishonest practices, or has demonstrated incompetence, untrustworthiness, or financial irresponsibility; (6) has been, within the past 3 years, convicted of a felony, unless the person demonstrates to the Director sufficient rehabilitation to warrant the public trust; (7) has failed to appear without reasonable cause or excuse in response to a subpoena lawfully issued by the Director; (8) has had its registration or license suspended or revoked or its application denied in any other state, district, territory, or province; (b) When the Director of Insurance has cause to believe that grounds for the refusal, denial, or revocation of a registration under this Section exists, the Director shall issue an order to the lessor stating the grounds upon which the refusal, denial, or revocation is based. The order shall be sent to the lessor by certified or registered mail. The lessor may request a hearing in writing within 30 days of the mailing of the order. If no written request is received by the Director, the order shall be final upon the expiration of the 30 days. (c) If the lessor requests a hearing pursuant to this Section, the Director shall issue a written notice of hearing sent to the lessor by certified or registered mail stating the following: (1) a specified time for the hearing, which may not be less than 20 days nor more than 30 days after the mailing of the notice of hearing; and (2) a specific place for the hearing, which may be either in the city of Springfield or Chicago or in the county where the lessor's principal place of business is located. (d) After the hearing, or upon the failure of the lessor to appear at the hearing, the Director of Insurance shall take such action as is deemed advisable on written findings that shall be served on the lessor. The action of the Director of Insurance shall be subject to review under and in accordance with the Administrative Review Law. (Source: P.A. 90-499, eff. 1-1-98; 90-794, eff. 8-14-98.)

Frequently Asked Questions About Illinois § 50

What does Illinois Compiled Statutes § 50 cover?

Section 50 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 § 50?

A common citation format is "Illinois Compiled Statutes § 50" (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 § 50 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.