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(425 ILCS 25/13)
(from Ch. 127 1/2, par. 17)
Insurance assessment penalties.
Every company, firm, co-partnership, association or
aggregation of individuals, or body of persons insuring each other, or
their agents, representatives, or attorneys in fact, who shall refuse or
neglect to comply with the requirements of Section 12 of this Act,
is liable, in addition to the amount due, for such penalty and
interest charges as are provided for under Section 412 of the "Illinois
Insurance Code". The Director through the Attorney General,
may institute an action in the name of the People of the State of Illinois,
in any court of competent jurisdiction for the recovery of the amount of
such taxes and penalties due, and prosecute the same to final judgment,
and take such steps as are necessary to collect the same. If such violation
is by a company, association, co-partnership or aggregation of individuals
licensed to do business in the State of Illinois, such license may be revoked
by the Department of Insurance.
(Source: P.A. 101-82, eff. 1-1-20