Illinois Code § 215 ILCS 5/123C-24

Standards for risk management of controlled unaffiliated business.
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Sec. 123C-24. 
Standards for risk management of controlled unaffiliated business. 
The Director may adopt rules establishing standards to ensure that an affiliated company is able to exercise control of the risk management function of any controlled unaffiliated business to be insured by the captive insurance company.

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