TITLE 50: INSURANCE
CHAPTER V: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION
PART 8100 TITLE INSURANCE ACT
SECTION 8100.400 BONDS AND SECURITIES ACCEPTABLE FOR DEPOSIT


 

Section 8100.400  Bonds and Securities Acceptable for Deposit

 

Each Title Insurance Company ("company") prior to becoming certified by the Director to transact the business of insuring and guaranteeing titles to real estate in this State shall deposit with the Division bonds of the United States, this State or any body politic of this State in the amount specified by Section 4(b) of the Act ("bonds").  No other bonds or securities are acceptable for deposit.

 

(Source:  Amended at 34 Ill. Reg. 852, effective December 29, 2009)