Illinois Administrative Code
Title 50 - INSURANCE
Part 1414 - PRENEED LIFE INSURANCE MINIMUM STANDARDS FOR DETERMINING RESERVE LIABILITIES AND NONFORFEITURE VALUES
Section 1414.10 - Scope
Universal Citation: 50 IL Admin Code ยง 1414.10
Current through Register Vol. 48, No. 12, March 22, 2024
This Part applies to preneed insurance contracts issued on or after January 1, 2009 and before January 1, 2017, as defined in Section 1414.30, and to similar policies and certificates. The determination shall be based, in part, on the use of various types of insurance policies to accomplish goals similar to preneed contracts, as well as policies with characteristics and benefits that resemble those found in preneed contracts. The Director shall have the authority to determine what constitutes similar policies and certificates.
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