Ill. Admin. Code tit. 50 § 3601.100

Current through Register Vol. 48, No. 44, November 1, 2024

Section 3601.100 - Pooling Among Several Trusts

a) No trust established and approved pursuant to the provisions of this Act shall enter into any written agreements with any other trust fund for the pooling and sharing of risks unless such other trust funds have been established and approved pursuant to the provisions of this Act.

b) No trust established and approved pursuant to the provisions of this Act shall pool or share risks with any other trust established by the laws of any state of the United States other than Illinois. It is the specific intention of this provision to limit the pooling and sharing of risks among religious and charitable risk pooling trusts to trust funds approved pursuant to the Act and located in Illinois.

Ill. Admin. Code tit. 50, § 3601.100

Recodified from 5601.100 at 42 Ill. Reg. 16455