TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE
SUBCHAPTER z: ACCIDENT AND HEALTH INSURANCE
PART 2012 LONG-TERM CARE INSURANCE
SECTION 2012.EXHIBIT K REPLACEMENT AND LAPSE REPORTING FORM



Section 2012.EXHIBIT K   Replacement and Lapse Reporting Form

 

Long-Term Care Insurance

Replacement and Lapse Reporting Form

 

For the State of

 

Reporting Year of

 

 

Company Name:

 

Due:  June 30 annually

Company Address:

 

Company NAIC Number:

 

Contact Person:

 

Phone Number:

 

 

Instructions

 

The purpose of this form is to report on a statewide basis information regarding long-term care insurance policy replacements and lapses.  Specifically, every insurer shall maintain records for each agent on that agent's amount of long-term care insurance replacement sales as a percent of the agent's total annual sales and the amount of lapses of long-term care insurance policies sold by the agent as a percent of the agent's total annual sales.  The tables below should be used to report the 10% of the insurer's agents with the greatest percentages of replacements and lapses.

 

Listing of the 10% of Agents with the Greatest Percentage of Replacements

 

Agent's Name

Number of Policies Sold By This Agent

Number of Policies Replaced By This Agent

Number of Replacements As % of Number Sold By This Agent

 

 

 

 

 

Listing of the 10% of Agents with the Greatest Percentage of Lapses

 

Agent's Name

Number of Policies Sold By This Agent

Number of Policies Lapsed By This Agent

Number of Lapses As % of Number Sold By This Agent

 

 

 

 

 


Company Totals:

 

Percentage of Replacement Policies Sold to Total Annual Sales

 

%

Percentage of Replacement Policies Sold to Policies in Force (as of the end of the preceding calendar year)

 

%

Percentage of Lapsed Policies to Total Annual Sales

 

%

Percentage of Lapsed Policies to Policies in Force (as of the end of the preceding calendar year)

 

%

 

 

(Source:  Added at 32 Ill. Reg. 7600, effective May 5, 2008)