Illinois Administrative Code
Title 50 - INSURANCE
Part 2003 - DEFINITIONS OF THE TERMS "NONCANCELLABLE," "NONCANCELLABLE AND GUARANTEED RENEWABLE," AND "GUARANTEED RENEWABLE"
Section 2003.10 - Authority
Universal Citation: 50 IL Admin Code ยง 2003.10
Current through Register Vol. 48, No. 12, March 22, 2024
This Part is issued by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code, and it implements Sections 143, 149 and 357.5 of the Illinois Insurance Code by establishing requirements for the use of the terms "noncancellable", "noncancellable and guaranteed renewable", and "guaranteed renewable", as recommended by the National Association of Insurance Commissioners, when such terms are used in individual and family accident and health insurance policies and in the advertising thereof.
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