Illinois § 1409 Disclosure

Illinois Statutes

§ 1409 — Disclosure

Illinois § 1409

JurisdictionIllinois

TopicREGULATION

Ch. 215INSURANCE

Act 215 ILCS 5/Illinois Insurance Code.

Art.Article XLIV - Financial Institutions Insurance Sales Law

This text of Illinois § 1409 (Disclosure) is published on Counsel Stack Legal Research, covering Illinois primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

215 Ill. Comp. Stat. 1409 (2026).

Text

A financial institution shall clearly and conspicuously disclose in any written advertisement or promotional or informational material regarding an insurance product that the insurance offered, recommended, sponsored, or sold:

(1)is not a deposit;

(2)is not insured by the Federal Deposit Insurance Corporation, or in the case of a credit union, by the National Credit Union Share Insurance Fund;

(3)is not guaranteed by the financial institution or an affiliated insured depository institution; and (4) where appropriate, involves investment risk, including potential loss of principal.

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A financial institution shall clearly and conspicuously disclose in any written advertisement or promotional or informational material regarding an insurance product that the insurance offered, recommended, sponsored, or sold: (1) is not a deposit; (2) is not insured by the Federal Deposit Insurance Corporation, or in the case of a credit union, by the National Credit Union Share Insurance Fund; (3) is not guaranteed by the financial institution or an affiliated insured depository institution; and (4) where appropriate, involves investment risk, including potential loss of principal.