ILCS » Chapter 215 · Act 150
Illinois Compiled Statutes

215 ILCS 150/25 (2026)

Trust funds established under and which fully comply with this Act shall not be considered insurance companies or to be in the business of insurance nor shall they be subject to regulation under the Illinois Insurance Code, as amended, except as provided for in this Act

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(215 ILCS 150/25) (from Ch. 148, par. 225)
    Sec. 25. Trust funds established under and which fully comply with this Act shall not be considered insurance companies or to be in the business of insurance nor shall they be subject to regulation under the Illinois Insurance Code, as amended, except as provided for in this Act.
(Source: P.A. 80-530.)

    
Notes of Decisions
Cited in 3 cases, 2001–2005 · leading case: Chicago Hosp. Risk Pooling Prog. v. STATE MED. INTER-INS. Exch., 758 N.E.2d 353 (Ill. App. Ct. 1st Dist. 2001).
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Chicago Hosp. Risk Pooling Prog. v. STATE MED. INTER-INS. Exch., 758 N.E.2d 353 (Ill. App. Ct. 1st Dist. 2001). · cites it 4× “215 ILCS 150/25 (West 1998). Based upon the plain language of the Act, the court concluded that CHRPP was not intended to be treated as insurance and strictly construed the selective tender rule as only applying to traditionally constituted insurance companies.”
CNA Cas. of California v. E.C. Fackler, Inc., 836 N.E.2d 732 (Ill. App. Ct. 1st Dist. 2005). “” 215 ILCS 150/25 (West 1998). Nonetheless, this court concluded the statutory language did not exempt the trust from its common law contractual rights, duties, and obligations.”
Chicago Hosp. Risk Pooling Prog. v. Illinois State Med. Inter-Ins. Exch., No. 1-99-3507, 3508 cons. Rel (Ill. App. Ct. 1st Dist. Sept. 27, 2001). · cites it 2× “215 ILCS 150/25 (West 1998). Based upon the plain language of the Act, the court concluded that CHRPP was not intended to be treated as insurance and strictly construed the selective tender rule as only applying to traditionally constituted insurance companies.”
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