State RegulationsIL specificDifficulty 1/5
Which of the following activities constitutes solicitation under the Illinois life insurance solicitation regulation?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
Solicitation under the Illinois life solicitation rule (50 Ill. Adm. Code 930) is an attempt to persuade a person to purchase individual life insurance, and the definition applies regardless of the medium used. A telephone conversation urging a purchase is squarely within it, which means the rule's disclosure obligations — including the Buyer's Guide and policy summary — attach to that interaction.
Why the other options are wrong
- A) Financial statements are insurer reporting obligations to the Illinois Department of Insurance and involve no attempt to persuade a purchaser.
- C) Claim settlement occurs after the insured's death and is a claims-handling function, not solicitation.
- D) Continuing education is a licensing maintenance duty and has no connection to persuading a prospect to buy.
Memory hook
If the call is urging a purchase, the call is a solicitation.