P&CIllinoismedium
Under 215 ILCS 5/Article VIII½, a person seeking to acquire control of a domestic Illinois insurer must file which statement with the IDOI Director before completing the acquisition?
AA Schedule 13D under the federal securities laws only
A Form A statement regarding the acquisition of control
CAn SR-22 certificate of financial responsibility
DA Schedule P loss reserve filing
Why this is the answer
Article VIII½ of the Illinois Insurance Code (215 ILCS 5/131.1 et seq.) is the IL Insurance Holding Company Systems Act. Any person seeking to acquire control of a domestic Illinois insurer must file a Form A statement with the IDOI Director and receive prior approval after a hearing. Form A discloses the acquirer's identity, financing, plans, and ownership. Schedule 13D, SR-22, and Schedule P serve unrelated purposes.
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