50 Ill. Adm. Code 2003.30
Requirements if the Term "Noncancellable" Is Used in a Policy or Advertisement
Section 2003
Section 2003.30
Requirements
if the Term
"Noncancellable" Is Used in a Policy or
Advertisement
If the terms
"noncancellable" or "noncancellable and guaranteed
renewable" are used in a policy, or in the advertisement of a policy, the
insured has the right to continue in force by the timely payment of premiums
set forth in the policy:
a) until at least age 50, or
b) in the case of a policy issued after age 44, for at least five
years from its date of issue, during which period the company has no right to
make unilaterally any change in any provision of the policy while the policy is
in force.