# 50 Ill. Adm. Code 651.40: Section 651.40 Acquisition of Control – Form of Statement Filing

> Illinois · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_40

## Section

- **Citation:** 50 Ill. Adm. Code 651.40
- **Heading:** Section 651.40 Acquisition of Control – Form of Statement Filing
- **Jurisdiction:** Illinois
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Illinois Administrative Code / Title 50 INSURANCE / CHAPTER I: DEPARTMENT OF INSURANCE / Part 651 ACQUISITION OF CONTROL OF A DOMESTIC COMPANY / Section 651.40 Acquisition of Control – Form of Statement Filing

## Text

Section 851
Section 651.40  Acquisition
of Control – Form of Statement Filing
a)         A person required to file a statement pursuant to Sections
131.4, 131.5 and 131.6 of the Code shall furnish the required information in
the format designated on Form A, as specified in the instructions of that form,
which is in Illustration A.
b)         Acquiring parties, otherwise subject to the requirements of
Section 651.40, who seek exemption pursuant to the provisions of Code Section
131.4 or 131.10 shall submit to the Director a typewritten, sworn statement
setting forth the particulars of the acquiring party or the transaction that
the acquiring party believes meet the criteria for an exemption under Code
Section 131.4 or 131.10. If, upon examination of the information submitted by
the acquiring party, the Director determines that the statutory criteria of
Section  131.4 or 131.10, as appropriate, have been met, then the Director
shall enter an Order on the exemption request within 30 days after receipt of
the request.

## Nearby sections

- [50 Ill. Adm. Code 651.20 Section 651.20  Purpose](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_20.md)
- [50 Ill. Adm. Code 651.30 Section 651.30  Definitions](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_30.md)
- [50 Ill. Adm. Code 651.40 Section 651.40  Acquisition of Control – Form of Statement Filing](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_40.md)
- [50 Ill. Adm. Code 651.80 Section 651.80  Severability Provision](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_80.md)
- [50 Ill. Adm. Code 651.ILLUSTRATION Section 651.ILLUSTRATION  A   Statement Regarding the Acquisition of Control of a Domestic Insurer](https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_ILLUSTRATION.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_IL_IAC_T50_P651_S651_40. Check the current official text before relying on it. Not legal advice.