Illinois § 67
Full text of Illinois Illinois Compiled Statutes § 67, with citation guidance and answers to common questions.
§ 67.
Power of attorney. The power of attorney or other authority of the attorney-in-fact under which contracts of insurance are to be exchanged pursuant to this Article shall set forth (a) the address of the principal office of the attorney-in-fact; (b) that the attorney-in-fact is authorized to accept service of process on behalf of the reciprocal and to appoint the Director and his successor or successors in office the true and lawful attorney of such reciprocal for the service of process in actions upon contracts exchanged; (c) the amount to be deducted from advance deposits to be paid to the attorney-in-fact and the items of expense, in addition to losses, to be paid by the reciprocal; (d) a provision for a cash deposit; (e) except as provided in Section 75, a provision for a contingent several liability of each subscriber in an amount of not less than one nor more than ten times the cash deposit stated in the contract; and (f) such other provisions not inconsistent with law as may be deemed necessary or advisable. (Source: Laws 1937, p. 696.)
Frequently Asked Questions About Illinois § 67
What does Illinois Compiled Statutes § 67 cover?
Section 67 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 § 67?
A common citation format is "Illinois Compiled Statutes § 67" (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 § 67 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.