ILCS » Chapter 215 · Act 5
Illinois Compiled Statutes

215 ILCS 5/379.1 (2026)

Unearned premium reserve

✓ current as of May 2026
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(215 ILCS 5/379.1) (from Ch. 73, par. 991.1)
    Sec. 379.1. Unearned premium reserve.
    Every insurance company authorized to transact in this State any of the kind or kinds of business enumerated in Class 2 of Section 4 except accident and health insurance shall maintain an unearned premium reserve on all policies and bonds in force which shall be calculated in the manner described in Section 393.1 of this Code.
(Source: Laws 1967, p. 1745.)

    
Notes of Decisions
Cited in 2 cases, 2007–2007 · leading case: Gore v. Indiana Ins., 876 N.E.2d 156 (Ill. App. Ct. 2007).
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Gore v. Indiana Ins., 876 N.E.2d 156 (Ill. App. Ct. 2007). · cites it 2× “1 of the Insurance Code requires every eligible insurance company to “maintain an unearned premium reserve on all policies *** in force which shall be calculated in the manner described in Section 393.”
Gore v. Indiana Ins. Co. (Ill. App. Ct. 2007). · cites it 2× “1 of the Insurance Code requires every eligible insurance company to “maintain an unearned premium reserve on all policies *** in force which shall be calculated in the manner described in Section 393.1 of [the Insurance Code].”
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