215 ILCS 5/1409

Current through Public Act 103-1052
Section 215 ILCS 5/1409 - Disclosure

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.

215 ILCS 5/1409

P.A. 90-41, eff. 10/1/1997.