Section 930.30 Scope

Section 930

Section 930.30  Scope

a)         This Part shall apply to any solicitation, negotiation or

procurement of life insurance occurring within this State. This Part shall

apply to any issuer of life insurance contracts including fraternal benefit

societies.

b)         This Part shall not apply to:

1)         Annuities.

2)         Credit life insurance.

3)         Group life insurance (except for disclosures relating to

preneed funeral contracts or prearrangements as provided in this Part; these

disclosure requirements shall extend to the issuance or delivery of certificates

as well as to the master policy).

4)         Franchise life insurance as defined in Construction and Filing

of Life Insurance and Annuity Forms (50 Ill. Adm. Code 1405).

5)         Life insurance policies issued in connection with pension and

welfare plans as defined by, and which are subject to, the federal Employee

Retirement Income Security Act of 1974 (ERISA) (29 U.S.C. 1001 et seq.).

6)         Variable life insurance under which the death benefits and

cash values vary in accordance with unit values of investments held in a

separate account.