Ill. Admin. Code tit. 50, § 8100.1300 – Report of Condition | Midpage
§ 8100.1300
Ill. Admin. Code tit. 50, § 8100.1300
Report of Condition
AUTHORITY: Implementing and authorized by the Title Insurance Act [215 ILCS 155].DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
a) Each Company shall file a report of condition pursuant to Section 13 of the Act which includes, but is not limited to:
1) an audited financial statement;
2) the current address and telephone number of the main administrative office;
3) the primary location of books and records;
4) a list of officers and directors;
5) a list of and analysis of investments;
6) a schedule of special and regular deposits;
7) a list of subsidiary, controlled or affiliated companies;
8) an organization chart;
9) a narrative report of all contingencies which may have a material affect on finances or operations; and
10) the date of and state conducting the latest financial examination of the company.
b) The Director or the Director's authorized representative, after review of the report of condition, may request further and additional information to assure the business repute and qualifications of the Company.
c) National Association of Insurance Commissioners Form 9 is acceptable as a report of condition pursuant to this Section.