Illinois Code § 65 ILCS 5/11-48.3-10

The Authority shall have the power to procure and enter
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into contracts for any type of insurance and indemnity against loss or
damage to property from any cause, loss of use and occupancy, against
employers' liability, against any act of any member, officer or employee of
the Board or Authority in the performance of the duties of his or her
office or employment or any other insurable risk.

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