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Illinois Compiled Statutes

215 ILCS 5/221.10 (2026)

Declaration of purpose

✓ current as of May 2026
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(215 ILCS 5/221.10) (from Ch. 73, par. 833.10)
    Sec. 221.10. Declaration of purpose.
    The purpose of Sections 221.1 to 221.10, both inclusive is to promote uniformity in the liquidation, rehabilitation, reorganization or conservation of insurers doing business in more than one state. It is intended that Sections 221.1 to 221.10, both inclusive shall be liberally construed to the end that so far as possible the assets of such insurers shall be equally and uniformly conserved in all states, and that claimants against such insurers shall receive equal and uniform treatment irrespective of residence or the place of the acts or contracts upon which their claims are based. The provisions of Sections 221.1 to 221.10, both inclusive shall be effective only with respect to this state and other states in which (a) it is provided by law that only the Insurance Commissioner or equivalent supervisory official of the State shall be vested with title to the assets of, and shall wind up the affairs of, delinquent insurers under judicial supervision; and (b) in substance and effect the provisions of Sections 221.1 to 221.10, both inclusive, are in force. The provisions of Sections 221.1 to 221.10, both inclusive, insofar as applicable to any insurer incorporated or organized in a foreign country, shall apply only to the assets, liabilities and business of such insurer within the several states.
(Source: Laws 1941, vol. 1, p. 832.)

    
Notes of Decisions
Cited in 4 cases, 1994–2018 · leading case: Saf.-Kleen Corp. v. Canadian Universal Ins., 631 N.E.2d 475 (Ill. App. Ct. 1994).
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Saf.-Kleen Corp. v. Canadian Universal Ins., 631 N.E.2d 475 (Ill. App. Ct. 1994). · cites it 3× “(215 ILCS 5/221.10 (West 1992).) With regard to insurance company liquidation, it is the policy of this State that, so far as possible, "the assets of [insolvent] insurers shall be equally and uniformly conserved in all states, and that claimants against such insurers shall…”
Argonaut Ins. Co. v. Safway Steel Prods., Inc., 822 N.E.2d 79 (Ill. App. Ct. 2004). “10 of the Illinois Insurance Code (215 ILCS 5/221.10 (West 2000)) because of Reliance’s liquidation status.”
Argonaut Ins. Co. v. Safway Steel Prods., 822 N.E.2d 79 (Ill. App. Ct. 2004). “10 of the Illinois Insurance Code (215 ILCS 5/221.10 (West 2000)) because of Reliance's liquidation status.”
People Ex Rel. Hammer v. Lumbermens Mut. Cas. Co. (In Re Liquidation of Lumbermens Mut. Cas. Co.), 2018 IL App (1st) 170996 (Ill. App. Ct. 2018). “Because insurers are barred from seeking federal bankruptcy protection, the UILA establishes an alternative statutory scheme and provides a uniform method for processing claims against, and distributing assets of, insolvent insurance companies with assets and policyholders in…”
Annotations are extracted automatically from the opinions in the Syfert caselaw corpus and ranked by authority, recency, and treatment. Dots show Syfertize treatment of the citing case itself.