State RegulationsIL specificDifficulty 1/5
Which Illinois administrative rule prescribes the minimum standards that individual accident and health insurance policies must meet?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
50 Ill. Adm. Code 2007 is the Illinois rule that prescribes minimum standards for individual accident and health insurance policies. It covers the purpose of the standards, definitions, prohibited provisions, benefit standards, and disclosure and replacement requirements. Matching each Illinois Administrative Code part to its subject is core state-exam material: the A&H minimum-standards rule is 2007, while advertising, Medicare supplement disclosure, and life replacement each live in their own parts. The Illinois Department of Insurance enforces these standards against policy forms sold in Illinois.
Why the other options are wrong
- A) 50 Ill. Adm. Code 2002 governs accident and health advertising, not the minimum standards for policy content.
- C) 50 Ill. Adm. Code 2008 addresses Medicare supplement disclosure, a narrower product line than individual A&H policies generally.
- D) 50 Ill. Adm. Code 917 governs life insurance replacement, not accident and health policy standards.
Memory hook
2007 sets the floor for individual A&H policies.