Appellate Court of Illinois March 31, 1997, 1-95-3058 (People Ex Rel. Schacht v. Prestige Casualty Co.)

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United States · · · 31-03-1997

JUSTICE CAHILL

delivered the opinion of the court:

We review a constitutional challenge to that part of the Insurance Code (Code) which governs the way assets of an insurance company are distributed after liquidation. Section 205(1) of the Code (215 ILCS 5/205(1) (West 1994)) sets out seven claim categories in the order they are to be paid.

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