Illinois Statutes
§ 179A-35 — No transaction of an insurance business
Illinois § 179A-35
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XI 1/2 - Protected Cell Companies
This text of Illinois § 179A-35 (No transaction of an insurance business) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
215 Ill. Comp. Stat. 179A-35 (2026).
Text
A protected cell insurance securitization shall not be deemed to be an insurance or reinsurance contract. An investor in a protected cell company insurance securitization shall not, by sole means of such investment, be deemed to be transacting an insurance business in this State. The underwriters or selling agents (and their partners, directors, officers, members, managers, employees, agents, representatives, and advisors) involved in a protected cell company insurance securitization shall not be deemed to be conducting an insurance or reinsurance agency, brokerage, intermediary, advisory, or consulting business by virtue of their activities in connection therewith.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
(Source: P.A. 91-278, eff. 7-23-99; 92-74, eff. 7-12-01.)
Nearby Sections
9
§ 179A-1
Short title§ 179A-10
Definitions§ 179A-15
Establishment of protected cells§ 179A-20
Use and operation of protected cells§ 179A-40
Rules§ 179A-5
PurposeCite This Page — Counsel Stack
Bluebook (online)
Illinois § 179A-35, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/179A-35.