State RegulationsIL specificDifficulty 2/5
An Illinois insurer engages in a deceptive insurance practice that is not specifically listed among the unfair practices catalogued in the Illinois Insurance Code. What is the status of that conduct?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
215 ILCS 5/424 addresses other unfair or deceptive practices in the business of insurance beyond the specifically catalogued acts. The catalogue in the Illinois Insurance Code is not a safe harbor: conduct outside the listed items can still be attacked as an unfair or deceptive practice under the Code.
Why the other options are wrong
- A) The express catalogue is not the limit of Illinois regulation; 215 ILCS 5/424 reaches unfair or deceptive practices beyond the listed acts.
- C) The reach of 215 ILCS 5/424 is not confined to claims handling; it addresses unfair or deceptive practices generally in the business of insurance.
- D) 215 ILCS 5/424 is not limited to life insurers; it applies to unfair or deceptive practices across the business of insurance.
Memory hook
The list is long but not the wall: 424 catches what the catalogue misses.