Ill. Admin. Code tit. 50, pt. 1406

Individual and Group Life Insurance Policy Illustrations

AUTHORITY: Implementing Sections 224 and 230.1 of the Illinois Insurance Code [215 ILCS 5] and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5]. SOURCE: Adopted at 22 Ill. Reg. 3038, effective June 1, 1998; amended at 22 Ill. Reg. 20121, effective November 9, 1998; amended at 43 Ill. Reg. 9228, effective August 19, 2019.DEPARTMENT OF INSURANCE

1406.10Purpose 1406.20Applicability and Scope 1406.30Definitions 1406.40Policies to Be Illustrated 1406.50Standards for Basic Illustrations 1406.60Standards for Supplemental Illustrations 1406.70General Rules and Prohibitions 1406.80Delivery of Illustrations and Record Retention 1406.90Annual Report – Notice to Policyowners 1406.100Annual Certifications 1406.110Penalties