Illinois § 1409 Disclosure

Illinois Statutes

§ 1409 — Disclosure

Illinois·Topic REGULATION·Ch. 215 INSURANCE·Act 215 ILCS 5/ Illinois Insurance Code.·Art. Article XLIV - Financial Institutions Insurance Sales Law

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.

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