Ill. Admin. Code tit. 50, § 2002.80 - Necessity for Disclosing Policy Provisions Relating to Renewability, Cancellability and Termination

Current through Register Vol. 46, No. 15, April 8, 2022

When an advertisement, which is an invitation to contract, refers to either a dollar amount or a period of time for which any benefit is payable, or the cost of the policy, or specific policy benefit, or the loss for which such benefit is payable, it shall disclose the provisions relating to renewability, cancellability and termination and any modification of benefits, losses covered or premiums because of age or for other reasons, in a manner which shall not minimize or render obscure the qualifying conditions. The Guideline for this Section is found in Appendix A, Illustration U.

Notes

Ill. Admin. Code tit. 50, § 2002.80

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