TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER m: CREDIT LIFE AND CREDIT ACCIDENT INSURANCE PART 1052 CREDIT ACCIDENT AND HEALTH INSURANCE SECTION 1052.30 CREDIT ACCIDENT AND HEALTH INSURANCE COVERAGE
Section 1052.30 Credit Accident and Health Insurance Coverage
If coverage for credit accident and health insurance is contingent upon the insured working a minimum amount of hours a week, then the application for insurance must contain a question eliciting a response indicating that the insured does or does not currently work the minimum number of hours. Additionally, if the credit accident and health insurance is offered on a guaranteed issue basis, the individual policy or group certificate must include a clear statement that stipulates the minimum of hours that must be worked a week.
(Source: Added at 20 Ill. Reg. 830, effective January 2, 1996) |