(215 ILCS 5/175) (from Ch. 73, par. 787)
Sec. 175.
Conditions
for approval.
Any reinsurance agreement requiring the written approval of the Director
under section 174 shall be approved by him if the terms thereof do not
injuriously affect the rights of policyholders of any of the companies
which are parties thereto. If the Director refuses to approve any such
agreement, he shall grant the company a hearing upon request.
(Source: Laws 1965, p. 1077.)
|