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The Illinois Department of Insurance is the code department of the Illinois state government that regulates various facets of the insurance industries and professions of Illinois. Key insurance industries it regulates include health insurance, auto insurance, homeowners insurance, and life insurance. [ 1 ]
IDFPR became responsible for licensing and regulating the dispensaries that sell medical cannabis to patients, along with each dispensaries’ Principal Officers, Agents-in-Charge, and Agents. [4] On June 25, 2019, Governor Pritzker signed the Cannabis Regulation and Tax Act, which made Illinois the 11th state to legalize adult use cannabis. [5]
Illinois state law is promulgated under the Illinois State Constitution. The Illinois Compiled Statutes (ILCS) form the general statutory law. The case law of the Illinois Supreme Court and state appellate courts is currently published online under a public domain reporting system. Interpretations of law and conflicts among the various levels ...
[1] [2] The compilation organizes the general Acts of Illinois into 67 chapters arranged within 9 major topic areas. [3] The ILCS took effect in 1993, replacing the previous numbering scheme generally known as the Illinois Revised Statutes (Ill. Rev. Stat.), the latest of which had been adopted in 1874 but appended by private publishers since. [3]
Independent agents own and control their accounts, policy records, and renewals. If an independent agent’s contract with a particular insurance company terminates, the agent retains the rights to active accounts and may place them with another insurer. Competition exists between exclusive agents and independent agents.
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In the United States, an SR-22 (sometimes referred to as a certificate of insurance [a] or a financial responsibility filing) [1] [2] is a vehicle liability insurance document required by most state departments of motor vehicles (DMV) offices [b] for "high-risk" insurance policies. [3]
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