(215 ILCS 5/121-2.05)
(from Ch. 73, par. 733-2.05)
Group insurance policies issued and delivered in other
State-Transactions in this State.
exception of insurance transactions authorized under Sections 230.2 or
367.3 of this Code, transactions in this State involving group legal, group
group accident and health or blanket
accident and health insurance or group
annuities where the master policy of such groups was lawfully issued and
delivered in, and under the laws of, a State in which the insurer was
authorized to do an insurance business, to a group properly established
pursuant to law or regulation, and where the
policyholder is domiciled or otherwise has a bona fide situs.
(Source: P.A. 86-753.)