Illinois Notice to Policyholder Requirement
Paragraph 10.5 of the Illinois Surplus Line Law requires that surplus line insurance policies (not endorsements) have stamped or imprinted on the first page, in not less than 12-pt. bold face type, a notice to the policyholder as follows:
For policies issued by an unauthorized insurer (other than an Illinois domestic surplus line insurer):
Notice to Policyholder: This contract is issued, pursuant to Section 445 of the Illinois Insurance Code, by a company not authorized and licensed to transact business in Illinois and as such is not covered by the Illinois Insurance Guaranty Fund.
For policies issued by an Illinois domestic surplus line insurer:
Notice to Policyholder: This contract is issued by a domestic surplus line insurer, as defined in Section 445a of the Illinois Insurance code, pursuant to Section 445, and as such is not covered by the Illinois Insurance Guaranty Fund.