Ill. Admin. Code tit. 50, § 1405.50
b) Group Insurance Contributory or Non-Contributory
The policy shall state whether it is either contributory or non-contributory.
c) Paid-Up Term Life Insurance Benefit in Group Ordinary Life
Any group ordinary life insurance form providing a paid-up term life insurance benefit may contain a limitation to the effect that, when the paid-up benefit amounts to less than $1,000, only the alternative cash value as provided in the form shall be payable.
(Source: Amended at 43 Ill. Reg. 3259, effective February 25, 2019)