(215 ILCS 5/121-2.09)
(from Ch. 73, par. 733-2.09)
Transactions in this State involving bankers' blanket
bonds or directors' and officers' liability insurance issued by a captive
insurance company, formed exclusively for the purpose of providing directors'
and officers' liability and bankers' blanket bond insurance to a bank or
bank holding company, as such terms are defined in Section 2 of "The Illinois Bank
Holding Company Act of 1957", as amended, if the aggregate annual premiums
for each bank or bank holding company for insurance on all of its property
and liability risks total at least $25,000, and such insurance is procured
by a full-time employee acting as an insurance manager or buyer or through
the services of a regularly and continuously retained qualified insurance consultant.
(Source: P.A. 84-1431.)