Article

Special Purpose Reinsurance Vehicle Law

215 ILCS 5/179E-1— Short title
215 ILCS 5/179E-5— Purpose
215 ILCS 5/179E-10— Exemption from insurance laws within limitations
215 ILCS 5/179E-15— Definitions
215 ILCS 5/179E-20— Limited certificate of authority
215 ILCS 5/179E-25— Limited purpose of SPRV
215 ILCS 5/179E-30— Approved transactions and operation of SPRVs
215 ILCS 5/179E-35— Powers
215 ILCS 5/179E-40— Affiliation
215 ILCS 5/179E-45— Capitalization
215 ILCS 5/179E-50— Dividends
215 ILCS 5/179E-55— Records and financial reports
215 ILCS 5/179E-60— Officers and directors
215 ILCS 5/179E-65— Fees and taxes
215 ILCS 5/179E-70— Dissolution
215 ILCS 5/179E-75— Conservation, rehabilitation, or liquidation
215 ILCS 5/179E-80— SPRV not subject to guaranty funds, residual market, or similar arrangements
215 ILCS 5/179E-85— Asset and investment limitations
215 ILCS 5/179E-90— Credit for reinsurance for the SPRV contract
215 ILCS 5/179E-95— Insurance securitization deemed not to be transaction of insurance business
215 ILCS 5/179E-100— Authority to adopt rules