ILCS » Chapter 215 · Act 5
Illinois Compiled Statutes

215 ILCS 5/551 (2026)

Stay of proceedings

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(215 ILCS 5/551) (from Ch. 73, par. 1065.101)
    Sec. 551. Stay of proceedings. All proceedings arising out of a claim under a policy of insurance written by an insolvent company shall be stayed for 120 days from the date of the entry of the Order of Liquidation to permit proper defense by the Fund of all such pending causes of action.
(Source: P.A. 92-77, eff. 7-12-01.)

    
Notes of Decisions
Cited in 3 cases, 1995–2005 · leading case: Gines v. Ivy, 832 N.E.2d 937 (Ill. App. Ct. 5th Dist. 2005).
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Gines v. Ivy, 832 N.E.2d 937 (Ill. App. Ct. 5th Dist. 2005). · cites it 3× “215 ILCS 5/551 (West 2002); In re Liquidation of Prestige Casualty Co.”
In re Liquidation of Prestige Cas. Co., 659 N.E.2d 50 (Ill. App. Ct. 1st Dist. 1995). · cites it 2× “(215 ILCS 5/551 (West 1992).) The liquidator is then required to grant the Illinois Insurance Guarantee Fund access to the insolvent insurer’s files.”
Gines v. Ivy, No. 5-04-0368 Rel (Ill. App. Ct. 5th Dist. June 30, 2005). · cites it 3× “215 ILCS 5/551 (West 2002); In re Liquidation of Prestige Casualty Co.”
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