{"data":{"id":"us-il/215-ilcs-5-226.1","jurisdiction":"us-il","citation":"215 ILCS 5/226.1","heading":"Entitled annuity payment options.","body":"Annuity contracts and funding agreements may be issued without a life contingency annuity payment option in the following circumstances: (1) to fund benefits under an employee benefit plan as defined in the Employee Retirement Income Security Act of 1974, as now or hereafter amended; (2) to fund the activities of an organization exempt from taxation under Internal Revenue Code Section 501(c), as now or hereafter amended; (3) to fund a program of a governmental entity or of an agency or instrumentality thereof; (4) to fund an agreement providing for periodic payments entered into in satisfaction of a claim; or (5) to fund a program of an institution having assets in excess of $25,000,000.","path":["CHAPTER 215 INSURANCE","Illinois Insurance Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1249\u0026ChapterID=22\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:30Z","sha256":"eef4f3991a0f02f7ceb0629da484d345f4f6d149e969d687394efeef124c7edc","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-5-226","next":"us-il/215-ilcs-5-227"},"notice":"GroundRules: Original legal text. Not legal advice."}