{"data":{"id":"us-il/215-ilcs-5-173.2","jurisdiction":"us-il","citation":"215 ILCS 5/173.2","heading":"Reserve  credit for liability assumed.","body":"No credit shall be allowed as an admitted asset or as a deduction from liability, to any ceding company for reinsurance unless the reinsurance is payable by the assuming company on the basis of the liability of the ceding company under the contract or contracts reinsured without diminution because of the insolvency of the ceding company.","path":["CHAPTER 215 INSURANCE","Illinois Insurance Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=1249\u0026ChapterID=22\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:30Z","sha256":"80a971ad03528f39f30fc3592f51dc2d027cab92cbcd0194efe130b53852a860","source_id":"us-il","stale":false,"prev":"us-il/215-ilcs-5-173.1","next":"us-il/215-ilcs-5-173.3"},"notice":"GroundRules: Original legal text. Not legal advice."}