§ 1406.20

Ill. Admin. Code tit. 50, § 1406.20

Applicability and Scope

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].DEPARTMENT OF INSURANCE

a) Variable life insurance;
b) Individual and group annuity contracts;
c) Credit life insurance; or
d) Life insurance policies and certificates with guaranteed scheduled death benefits of $10,000 or less, or illustrated death benefits less than $15,000.

This Part applies to all individual and group life insurance policies and certificates issued after June 1, 1998, except: