Illinois Code § 215 ILCS 5/1401

Purpose.
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The purpose of this Article is to increase the
availability of insurance products to the citizens of this State by expanding
those businesses authorized to sell insurance products to include financial
institutions, and to protect the interests of the citizens of this State by
regulating their authority to do so. This Article does not apply to activities
or services conducted in this State by or for a financial institution that do
not require
licensure as an insurance producer, temporary
insurance producer, limited insurance representative, or registered firm.

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