Illinois Statutes
§ 179E-95
Illinois § 179E-95
JurisdictionIllinois
TopicREGULATION
Ch. 215INSURANCE
Act 215 ILCS 5/Illinois Insurance Code.
Art.Article XIE - Special Purpose Reinsurance Vehicle Law
This text of Illinois § 179E-95 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-95 (2026).
Text
Insurance securitization deemed not to be transaction of insurance business. The securities issued by the SPRV under an SPRV insurance securitization shall not be deemed to be insurance or reinsurance contracts. An investor in securities issued pursuant to an SPRV insurance securitization or any holder of those securities shall not, by sole means of the investment or holding, 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 an SPRV 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 c
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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-95, Counsel Stack Legal Research, https://law.counselstack.com/statute/il/215/179E-95.