Section 205.90 Applicability of Other Laws
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Illinois Administrative Code › Title 50 INSURANCE › CHAPTER I: DEPARTMENT OF INSURANCE › Part 205 MUNICIPAL BOND INSURANCE › Section 205.90 Applicability of Other Laws
Text
Section 205
Section 205.90 Applicability
of Other Laws
a) All the applicable provisions of the Illinois Insurance Code
and the Illinois Insurance Regulations of the Department of Insurance and of
other statutes and regulations of this State, except as the same may be in
conflict herewith, shall apply to the operation and conduct of business
described herein as municipal bond insurance.
b) This Part does not prohibit any surety or municipal bond
insurer from directly obtaining or receiving any form of collateral as security
for its protection.
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