Bill Title: Amends the Illinois Insurance Code. Provides that no insurance producer shall use a senior-specific certification or professional designation that indicates or implies in such a way as to mislead a purchaser or prospective purchaser that the insurance producer has a special certification or training in advising or servicing seniors in connection with the solicitation, sale, or purchase of a life insurance or annuity product or in the provision of advice as to the value of or the advisability of purchasing or selling a life insurance or annuity product, either directly or indirectly through publications, writings, or by issuing or promulgating analyses or reports related to a life insurance or annuity product. Defines "use of senior-specific certifications or professional designations". Makes other changes. Effective immediately.

Spectrum: Moderate Partisan Bill (Democrat 11-3)

Status: (Passed) 2011-08-23 - Public Act . . . . . . . . . 97-0527 [SB1607 Detail]

Text: Latest bill text (Chaptered) [HTML]

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