Illinois Code § 70 ILCS 210/9

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

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