ILCS » Chapter 215 · Act 5
Illinois Compiled Statutes

215 ILCS 5/508.1 (2026)

(Repealed)

✓ current as of May 2026
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(215 ILCS 5/508.1) (from Ch. 73, par. 1065.55-1)
    Sec. 508.1. (Repealed).
(Source: P.A. 85-334. Repealed by P.A. 92-386, eff. 1-1-02.)

    
Notes of Decisions
Cited in 4 cases, 1993–2002 · leading case: Safeway Ins. v. Daddono, 777 N.E.2d 693 (Ill. App. Ct. 2002).
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Safeway Ins. v. Daddono, 777 N.E.2d 693 (Ill. App. Ct. 2002). · cites it 6× “On appeal, Safeway argues that the trial court erred in dismissing its complaint where the complaint adequately stated a cause of action against Daddono and Khano for violation of the Illinois Insurance Code (215 ILCS 5/508.1 (West 1996)) and breach of fiduciary duty.”
Lincoln Towers Ins. Agency, Inc. v. Boozell, 684 N.E.2d 900 (Ill. App. Ct. 1997). · cites it 6× “1 of the Illinois Insurance Code (215 ILCS 5/508.1 (West 1996)), all money received by a producer for selling or renewing insurance policies was held by the producer in a fiduciary capacity for the benefit of the insurer.”
Scott v. Assurance Co. of Am., 625 N.E.2d 439 (Ill. App. Ct. 1993). · cites it 2× “1 (West 1992)), which has stated the following at all pertinent times: "Any insurance company which delivers to any insurance producer in this State a policy or contract for insurance pursuant to the application or request of an insurance producer, authorizes such producer to…”
Safeway Ins. Co. v. Daddono (Ill. App. Ct. 2002). · cites it 5× “On appeal, Safeway argues that the trial court erred in dismissing its complaint where the complaint adequately stated a cause of action against Daddono and Khano for violation of the Illinois Insurance Code (215 ILCS 5/508.1 (West 1996)) and breach of fiduciary duty.”
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