Section 930.20 Purpose
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Illinois Administrative Code › Title 50 INSURANCE › CHAPTER I: DEPARTMENT OF INSURANCE › Part 930 LIFE INSURANCE SOLICITATION › Section 930.20 Purpose
Text
Section 930
Section 930.20 Purpose
a) The purpose of this Part is to require insurers to deliver to
purchasers of life insurance, information which will improve the buyer's
ability to select the most appropriate plan of life insurance for his needs,
improve the buyer's understanding of the basic features of the policy which has
been purchased or which is under consideration and improve the ability of the
buyer to evaluate the relative costs of similar plans of life insurance.
b) This Part does not prohibit the use of additional material
which is not in violation of this Part or any other statute or regulation.
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