State RegulationsIL specificDifficulty 2/5
Under 215 ILCS 5/500-125, over what period is the comparison between controlled-business premiums and premiums on all other business measured?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
Under 215 ILCS 5/500-125, the comparison between controlled-business premiums and premiums on all other business is measured over the prior 2 calendar years or the coming 12 months. This rolling measurement prevents producers from using a brief surge of outside business to qualify for continued controlled-business volume under the license.
Why the other options are wrong
- A) The statute does not look at the producer's entire licensing history; it uses the defined recent windows.
- B) 45 days is the Medicare supplement birthday open-enrollment window, unrelated to the controlled-business measurement.
- C) 6 months is the Medicare supplement initial open-enrollment and look-back period, not the controlled-business measurement period.
Memory hook
Two years back or twelve months ahead.