Illinois Compiled Statutes
215 ILCS 5/540.5 (2026)
(a) A covered claim, for other than unearned premium, is a claim which appears on the books and records of the insolvent company as of the date of the Order of Liquidation or a claim for which notice is given in writing to the liquidator of the insolvent company's domiciliary state or to an ancillary receiver in this State, if any, or to the Fund or its agents prior to the earlier of the last date fixed for the timely filing of proofs of claim in the domiciliary liquidation proceedings or 18 months after the entry of the order of liquidation
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(215 ILCS 5/540.5)
(from Ch. 73, par. 1065.90-5)
Sec. 540.5.
(a) A covered claim, for other than unearned premium, is a claim
which appears on the books and records of the insolvent company as of the
date of the Order of Liquidation or a claim for which notice is given
in writing to the liquidator of the insolvent company's domiciliary state
or to an ancillary receiver in this State, if any, or to the Fund or its
agents prior to the earlier of the last date fixed for the timely
filing of proofs of claim
in the domiciliary liquidation proceedings or 18 months after the entry
of the order of liquidation. The liquidator or ancillary
receiver in this State, if any, shall periodically submit a list of claims
to the Fund or similar organization in another state.
(b) The Fund shall establish procedures by which
unearned premium claims are to be determined and paid as covered claims.
(Source: P.A. 85-576.)
Notes of Decisions
Cited in 1
case, 2009–2009 · leading case: Barbee v. Illinois Ins. Guar. Fund, 915 N.E.2d 871 (Ill. App. Ct. 5th Dist. 2009).
Barbee v. Illinois Ins. Guar. Fund, 915 N.E.2d 871 (Ill. App. Ct. 5th Dist. 2009). “5 of the Illinois Insurance Code (215 ILCS 5/540.5 (West 2006)). An employee injured on the job is entitled to disability benefits by way of the Workers’ Compensation Act.”
215 ILCS 5/540.5(a): 1 case
Barbee v. Illinois Ins. Guar. Fund, 915 N.E.2d 871 (Ill. App. Ct. 5th Dist. 2009). “5 of the Illinois Insurance Code (215 ILCS 5/540.5 (West 2006)). An employee injured on the job is entitled to disability benefits by way of the Workers’ Compensation Act.”
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