Sec. 12-907. Insurance proceeds.
53 words·~1 min read·
/il/chapter-735/act-5/12-907A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 12-907. Insurance proceeds. Whenever a building, exempted as a homestead, is insured in favor of the person entitled to the exemption, and a loss occurs, entitling such person to the insurance, such insurance money shall be exempt to the same extent as the building would have been had it not been destroyed.