215 ILCS 5/ Illinois Insurance Code.

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215 ILCS 5/245.24

(215 ILCS 5/245.24) (from Ch. 73, par. 857.24)

Sec. 245.24.

Notwithstanding any other provision of law, the Director has sole
authority to regulate the issuance and sale of variable contracts, and to
promulgate such reasonable rules and regulations as may be appropriate to
carry out the purposes and provisions of this Article.

(Source: P.A. 77-1572.)

215 ILCS 5/245.25

(215 ILCS 5/245.25) (from Ch. 73, par. 857.25)

Sec. 245.25.

Except for subparagraphs (1)(a), (1)(f), (1)(g) and (3) of
Section
226 of the Illinois Insurance Code, in the case of a variable annuity
contract and subparagraphs (1)(b), (1)(f), (1)(g), (1)(h), (1)(i), and
(1)(k) of Section 224, subparagraph (1)(c) of Section 225, and
subparagraph (h) of Section 231 in the case of a variable life insurance
policy, except for Sections 357.4, 357.5, 367e, and 367e.1 in the
case of a variable
health insurance policy, and except as otherwise provided in this Article,
all pertinent
provisions of the Illinois Insurance Code which are appropriate to those
contracts apply to separate accounts and
contracts relating thereto. Any individual variable life insurance
contract, delivered or issued for delivery in this State, must contain
grace, reinstatement and non-forfeiture provisions appropriate to such a
contract. Any individual variable annuity contract, delivered or issued for
delivery in this State, must contain grace and reinstatement provisions
appropriate to such a contract. Any group variable life insurance contract,
delivered or issued for delivery in this State, must contain a grace
provision appropriate to such a contract. A group variable health insurance
contract delivered or issued for delivery in this State must contain a
continuation of group coverage provision appropriate to the contract.  The
reserve liability for
variable contracts must be established in accordance with actuarial
procedures that recognize the variable nature of the benefits provided and
any mortality guarantees.

(Source: P.A. 93-477, eff. 1-1-04.)

215 ILCS 5/245.60

(215 ILCS 5/245.60) (from Ch. 73, par. 857.60)

Sec. 245.60.

Whenever the Director finds that there has been a violation of
this Article or of any rules or regulations issued pertaining thereto, and
after written notice thereof and hearing given to the company or other
person authorized or licensed by the Director, he shall set forth his
findings, together with an order for compliance by a specific date. Such
order shall be binding on the company and other persons authorized or
licensed by the Director on the date specified unless sooner withdrawn by
the Director or a stay thereof has been ordered by a court of competent
jurisdiction.

(Source: Laws 1963, p. 1137.)

215 ILCS 5/245.61

(215 ILCS 5/245.61) (from Ch. 73, par. 857.61)

Sec. 245.61.

(Repealed).

(Source: Laws 1963, p. 1137. Repealed by P.A. 90-381, eff. 8-14-97.)

215 ILCS 5/245.62

(215 ILCS 5/245.62) (from Ch. 73, par. 857.62)

Sec. 245.62.

(Repealed).

(Source: P.A. 77-1572. Repealed by P.A. 90-381, eff. 8-14-97.)

215 ILCS 5/Art. XV

(215 ILCS 5/Art. XV heading) ARTICLE XV.

REGISTRATION OF POLICIES

AND DEPOSIT OF RESERVES

215 ILCS 5/246

(215 ILCS 5/246) (from Ch. 73, par. 858)

Sec. 246.

Scope of
article.

This article shall apply to companies that issued the policies or
annuity bonds, and to the policies or annuity bonds, referred to in an Act
entitled: "An Act to provide for the deposit of reserve and the
registration of policies and annuity bonds by life insurance companies of
this State," approved April 18, 1899. Such policies or annuity bonds are
referred to in this article as "policies."

(Source: Laws 1937, p. 696.)

215 ILCS 5/247

(215 ILCS 5/247) (from Ch. 73, par. 859)

Sec. 247.

Deposit of
reserves on registered policies.

Any company heretofore making deposits and registering policies pursuant
to the act mentioned in section 246 shall keep and maintain such deposit
with the Director in securities which are authorized for investment by life
insurance companies under this Code. Certificates of purchase acquired by
any company through foreclosure proceedings instituted by it upon mortgages
in which its funds have been lawfully invested, and duly recorded
conveyances of unencumbered improved real estate lawfully acquired by any
company, accompanied by satisfactory evidence of ownership thereof shall
likewise be eligible for deposit. The Director shall hold the title to such
real estate so conveyed to him in trust until other satisfactory securities
in lieu thereof have been deposited with him whereupon he shall reconvey
the same to such company. The Director may cause such real estate to be
valued and the company shall pay the reasonable expenses incurred in such
valuation.

(Source: Laws 1937, p. 696.)

215 ILCS 5/248

(215 ILCS 5/248) (from Ch. 73, par. 860)

Sec. 248.

Registration of new policies prohibited.

After the effective date of this Code the Director shall not register
any new policies that are issued by any company, nor accept any deposits
covering reserves on business thereafter written.

(Source: Laws 1937, p. 696.)