Illinois Statutes
§ 179E-10 — Exemption from insurance laws within limitations
Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XIE - Special Purpose Reinsurance Vehicle Law
(a)An SPRV is subject to the following:
(1)Articles I, XII 1/2, XXIV, XXV (Sections 408 and 412 only), and XXVIII (except for Sections 445, 445.1, 445.2, 445.3, 445.4, and 445.5) of this Code; and (2) Sections 132.1 through 134, 137 through 140, 155.01, 155.03, and 155.04 of this Code.
(b)No other provisions of this Code apply to an SPRV organized under this Article, except as otherwise provided in this Article.
Free access — add to your briefcase to read the full text and ask questions with AI
Illinois § 179E-10 (Exemption from insurance laws within limitations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
(Source: P.A. 92-124, eff. 7-20-01.)
Nearby Sections
15
§ 179E-1
Short title§ 179E-100
Authority to adopt rules§ 179E-15
Definitions§ 179E-20
Limited certificate of authority§ 179E-25
Limited purpose of SPRV§ 179E-35
Powers§ 179E-40
Affiliation§ 179E-45
Capitalization§ 179E-5
Purpose§ 179E-50
Dividends§ 179E-55
Records and financial reports§ 179E-60
Officers and directors§ 179E-65
Fees and taxes