Illinois Compiled Statutes
215 ILCS 5/537.3 (2026)
Access to insolvent company records
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(215 ILCS 5/537.3)
(from Ch. 73, par. 1065.87-3)
Sec. 537.3.
Access to insolvent company records.
The liquidator of an insolvent company shall
permit access by the Fund or its authorized
representatives, and by any similar organization in another state or its
authorized representatives, to such of the
insolvent company's records which are necessary for the
Fund or such similar organization in carrying
out its functions under this Article or similar laws in other states
with regard to covered claims. In
addition, the liquidator shall provide the Fund or its representative, or
such similar organization, with
copies of such records upon the request
and at the expense of
the Fund or such similar organization.
(Source: P.A. 85-576.)
Notes of Decisions
Cited in 1
case, 1995–1995 · leading case: In re Liquidation of Prestige Cas. Co., 659 N.E.2d 50 (Ill. App. Ct. 1995).
In re Liquidation of Prestige Cas. Co., 659 N.E.2d 50 (Ill. App. Ct. 1995). “(215 ILCS 5/537.3 (West 1992).) The Fund is then empowered to appoint or approve legal counsel and to direct the defense of claims under the policies written by the insolvent insurer.”
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