(215 ILCS 5/141.3)
(from Ch. 73, par. 753.3)
Supplement to annual statement.
Any company which has a management contract shall file with its annual
statement a supplement on forms prescribed by the Director which discloses
the following: Salaries, commissions, or any valuable consideration paid to
each officer and director of the management company or to any shareholder
who owns, directly or indirectly, 10% of the shares of either the managed
insurance company or the management company.
Any changes in the officers or directors of the managing company are to
be reported to the Director in accordance with Section 155.04.
(Source: Laws 1967, p. 1818