The Illinois Bankers Group Insurance Trust (“Trust”) is a not-for-profit entity, existing solely for the purpose of affording IBA members a source for purchasing quality and competitive group insurance products and services. The Trust, which holds a tax-exempt status under Section 501 (c)(9) of the Internal Revenue Code, is a separate legal entity and the policyholder for the various group insurance policies offered to all members, which includes a complete portfolio of health, life, dental, vision, and disability insurance products. Eight different health plans are available to Trust members and to their employees, directors, and retirees.
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