TO: | _______________________ |
_______________________ | |
_______________________ |
RE: | (Name of Unauthorized Insurer) |
(Type of Coverage) |
In accordance with Section 445 of the Illinois Insurance Code, I hereby provide you with a written WARNING that the above-captioned unauthorized insurer with which I propose to place the captioned coverage does not, or I am unable to verify that it does (checked as applicable):
Have a policyholder surplus of $15,000,000 or more; | |
________ | _________________________________________________________________ |
________ | Meet minimal standards of solvency and management that are adequate for your protection. |
Sincerely, |
_________________________ |
Ill. Admin. Code tit. 50, pt. 2701, ILLUSTRATION A