(215 ILCS 155/12)
(from Ch. 73, par. 1412)
(a) The Secretary or his authorized representative shall have
the power and authority, and it shall be his duty, to cause to be visited
and examined annually any title insurance company doing business under this
Act, and to verify and compel compliance with the provisions of law governing it.
(b) The Secretary or his authorized agent shall have power and authority to
compel compliance with the provisions of this Act and shall, only upon the
showing of good cause, require any title insurance company to take all legal means to obtain the
appropriate records of its registered agents and make them available for
examination at a time and place designated by the Secretary. Expenses incurred in
the course of such examinations will be the responsibility of the title insurance
company. In the event that a present or former registered agent or its successor refuses or is unable to cooperate with a title insurance company in furnishing the records requested by the Secretary or his or her authorized agent, then the Secretary or his or her authorized agent shall have the power and authority to obtain those records directly from the registered agent.
(Source: P.A. 94-893, eff. 6-20-06.)