State RegulationsIL specificDifficulty 3/5
Which of the following is NOT a function of the Illinois minimum-standards regulation for individual accident and health policies?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
50 Ill. Adm. Code 2007 regulates the content of individual accident and health policies: it carries the purpose statement, definitions, prohibited provisions, benefit standards, and disclosure and replacement requirements. Producer continuing-education requirements are imposed separately under the producer-licensing provisions of the Illinois Insurance Code, administered by the Illinois Department of Insurance. Separating what the regulation does to policy forms from what Illinois law requires of producers is the exam point here.
Why the other options are wrong
- A) Defining key terms is a function of the regulation's definitions section, so it is within the regulation's scope.
- B) Prohibiting provisions that are unfair, misleading, or deceptive is a core function of 50 Ill. Adm. Code 2007.
- C) Prescribing minimum benefit standards for individual A&H policies is precisely what the regulation does.
Memory hook
2007 shapes policies, not producers' class hours.