State RegulationsIL specificDifficulty 1/5
Which provision of the Illinois Insurance Code specifically addresses unfair practices in connection with life insurance?
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Answer & full 3-part explanation (select an option above, or peek)
Why A is correct
215 ILCS 5/236 is the life-specific unfair-practices provision of the Illinois Insurance Code. It sits alongside the Code's general unfair-methods framework and lets the Director of Insurance proceed against unfair or deceptive conduct in the life insurance context, making it the anchor citation for life-only unfair-practice questions on the Illinois examination.
Why the other options are wrong
- B) 215 ILCS 5/531.01 through 5/531.19 creates the Life and Health Insurance Guaranty Association, an insolvency-protection regime, not an unfair-practices provision.
- C) 215 ILCS 5/159 is the Viatical Settlements Act, governing the sale of existing life policies.
- D) 215 ILCS 5/4 is the Insurance Code definitions article that the outline pairs with accelerated benefits.
Memory hook
Life-specific unfair practices: think 5/236.