Ill. Admin. Code tit. 50, § 913.100 - Documents to be Filed with the Director
In addition to all other documents required to be filed with the Director pursuant to Section 147.1(4) of the Code, an issuer, underwriter, dealer or controlling person making application to the Director for a permit to sell shares shall submit to the Department the following documents in duplicate, when applicable:
a) The form
of the prospectus to be used in connection with the public sale of
shares;
b) Underwriting or selling
agreements signed by the issuer and the selling agents;
c) Audited financial statements as required
in the prospectus;
d) Executed
copies of all escrow agreements required by any provision of this
Part;
e) Stock Option
Plans;
f) A supplemental statement
signed by the proposed incorporators or officers as the case may be, setting
forth the following information:
1) other
expenses of issuance and distribution;
2) relationship of the applicant to experts
named in the prospectus;
3)
subsidiaries of the applicant;
4)
indemnification of incorporators, officers or directors;
5) In lieu of the foregoing, copies of the
registration statement as filed with the Securities Exchange Commission
pursuant to the Federal Securities Act (15 U.S.C.
77f) , may be submitted.
g) The names and addresses of counsel who
have verified the legality of the issues;
h) Consent of the experts named in the
prospectus, dated and signed in cases of an intrastate offering and conformed
copies in cases of an interstate offering;
i) A sworn, executed biographical affidavit,
from each officer and director of domestic companies that have been engaged in
business for less than 10 years, each new officer and director of all existing
domestic companies, or upon request, from each incorporator, organizer,
promoter or other person similarly situated. The biographical affidavits shall
include, but not be limited to, the following information: identifying
information; affiant's identifying and contact information; affiant's
educational, residential and employment history; affiant's professional,
business and technical licenses and memberships; a complete history of
affiant's fidelity bonding; affiant's criminal charges and convictions; civil,
regulatory, administrative and disciplinary actions in the affiant's individual
or corporate capacity; a complete history of affiant's bankruptcy, insolvency,
liens and foreclosures in an individual or corporate capacity; affiant's
consent to release background reports to the Department and consent for third
parties to cooperate in the gathering of background information; and affiant's
and affiant's immediate family's equity holdings in any entity subject to
insurance regulation. The Department will accept the biographical affidavit,
and any supplement to that affidavit, that is obtained from the website of the
National Association of Insurance Commissioners (NAIC) or the
Department;
j) Any additional
documents that are required under Sections 20, 32 and 32.1 of the Code;
and
k) Agreement signed by the
applicant to file all necessary amendments and supplements to the
prospectus.
Notes
Amended at 7 Ill. Reg. 6946, effective May 18, 1983
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