(215 ILCS 155/5)
(from Ch. 73, par. 1405)
Certificate of authority required.
It is unlawful for any company
to engage or to continue in the business of title insurance without first procuring from the Secretary a certificate of
authority stating that the
company has complied with the requirements of
Section 4 of this Act. An insurer that transacts any class of insurance other than title insurance anywhere in the United States is not eligible for the issuance of a certificate of authority to transact title insurance in this State nor for a renewal of a certificate of authority.
(Source: P.A. 94-893, eff. 6-20-06.)