{"data":{"id":"us-il/215-ilcs-5-70","jurisdiction":"us-il","citation":"215 ILCS 5/70","heading":"Organization bonds.","body":"(Section scheduled to be repealed on January 1, 2037)\nThe attorney-in-fact shall deliver to the Director two bonds in the same penalties and containing the same provisions, so far as applicable, as the bonds required for the organization of a stock company by Section 16 for the use and benefit of the State of Illinois, subscribers and creditors, or in lieu of delivering such bonds, the attorney-in-fact may deposit cash or securities of the same kind and amount and on the same terms and conditions, so far as applicable, as provided by said Section.","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":"46171aafdb9cb2864d56953cc2b4e69e024c06975bd0f7ed24252aae9de32800","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-5-69.1","next":"us-il/215-ilcs-5-71"},"notice":"GroundRules: Original legal text. Not legal advice."}