Ill. Admin. Code tit. 50, pt. 2002, app A, ILLUSTRATION DD

Current through Register Vol. 48, No. 50, December 13, 2024

Guideline to Section 2002.120

a) This Section prohibits unfair or incomplete comparisons of products, insurers or business methods. It specifically prohibits comparisons of non-comparable policies and provides that advertisements shall not unfairly minimize nor disparage competing types of insurance coverages or competing methods of marketing insurance, including any federal or state program.

b) An advertisement should not contain statements such as "no red tape" or "here is all you do to receive benefits."

c) Advertisements which state or imply that competing insurance coverages customarily contain certain exceptions, reductions or limitations not contained in the advertised policies are unacceptable unless such exceptions, reductions or limitations are contained in a substantial majority of such competing coverages.

d) Advertisements which state or imply that an insurer's premiums are lower or that its loss ratios are higher because its organizational structure differs from that of competing insurers are unacceptable.

Ill. Admin. Code tit. 50, pt. 2002, app A, ILLUSTRATION DD