Illinois Statutes
§ 179E-45 — Capitalization
Illinois § 179E-45
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XIE - Special Purpose Reinsurance Vehicle Law
This text of Illinois § 179E-45 (Capitalization) 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. 179E-45 (2026).
Text
An SPRV must have minimum initial capital of not less than $5,000. All of the initial capital must be received by the SPRV in cash. The minimum initial capital required and all other funds of the SPRV in excess of its minimum initial capital, including funds held in trust to secure the obligations of the SPRV pursuant to its obligations under the SPRV contracts, shall be invested as provided in Section 179E-85.
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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
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Bluebook (online)
Illinois § 179E-45, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/179E-45.