(215 ILCS 5/302.1)
(from Ch. 73, par. 914.1)
(Section scheduled to be repealed on January 1, 2027)
Investments and admitted assets.
A domestic society shall
invest its funds only in such investments as are authorized by the laws of
this State for the investment of assets of life insurers and subject to the
limitations thereon. Any foreign or alien society permitted or seeking to
do business in this State which invests its funds in accordance with the
laws of the state, district, territory, country or province in which it is
incorporated shall be held to meet the requirements of this Section for
the investment of funds. Admitted assets in addition to investments
authorized by this Section and Article VIII and Article VIII 1/2 of this
Code shall be in accordance with Section 3.1 of this Code.
(Source: P.A. 84-303