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Stranger-originated life insurance ("STOLI") generally means any act, practice, or arrangement, at or prior to policy issuance, to initiate or facilitate the issuance of a life insurance policy for the intended benefit of a person who, at the time of policy origination, does not have an insurable interest in the life of the insured under the laws of the applicable state. [1]
The current director ("Secretary") of this department is Mario Treto, Jr. On April 1, 2014, Executive Order 3 (2014) was issued and created the Division of Real Estate. [3] In August 2013, Illinois became the 20th state to legalize medical cannabis when the Compassionate Use of Medical Cannabis Program Act was signed into law.
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 ]
A policyholder (or policy holder) is the person who owns the insurance policy. Policyholders affect how much the car insurance costs and, in most cases, the policyholder is the only person who can ...
Provide documentation: The insurance company will likely ask to see documentation verifying the policyholder’s death, like a death certificate or an executor of estate form. If you have to ...
NIMA further stated that when the group policyholder pays 100% of the premium from its own funds, the term "home state" means the home state of the group policyholder. [19] When the group policyholder does not pay 100% of the premium from its own funds, the term "home state" means the home state of the group member. [19]
Contact the firm's estate department to inform them of the account holder’s death. If the account is held in a trust, contact the successor trustee as well. Gather the required documentation.
Illinois State Universities Civil Service System; Illinois State Universities Retirement System; Illinois Student Assistance Commission; Illinois Workers' Compensation Commission; Office of the Illinois Attorney General; Office of the Illinois Auditor General; Office of the Illinois Comptroller; Office of the Illinois Governor; Office of the ...