(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.
215 ILCS 5/179E-10
Exemption from insurance laws within limitations
Known as the Special Purpose Reinsurance Vehicle Law
The act spans §§ 215-5-179e-1 to 215-5-179e-95 (21 sections).
P.A. 92-124, eff. 7-20-01.
Official source: Illinois General Assembly. Reproduced from public-domain Illinois statutes; confirm against the official source for the current text. Not legal advice.