215 ILCS 5/179E-45: Capitalization.
Where this section sits in the code
- CHAPTER 215 INSURANCE
- Illinois Insurance Code.
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.
Collected 2026-09-15T04:46:30Z. Source file · JSON