215 ILCS 5/234.1
Current through Public Act 103-1052
No life company doing business in this State may enact a non-forfeiture option, unless a notice is given to the policyowner which explains this action and refers the policyowner to the other available options, if any, under the provisions of the policy. Evidence of this notice shall be maintained by the insurer.
215 ILCS 5/234.1