Ill. Admin. Code tit. 50, § 205.90 – Applicability of Other Laws | Midpage
§ 205.90
Ill. Admin. Code tit. 50, § 205.90
Applicability of Other Laws
AUTHORITY: Implementing Section 144 and authorized by Section 401 of the Illinois Insurance Code (Ill. Rev. Stat. 1985, ch. 73, pars. 756 and 1013).DEPARTMENT OF INSURANCE
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.