State statute · Illinois

Illinois Life and Health Insurance Guaranty Association Law

215 ILCS 5, Article XXXIII 1/2, Secs. 531.01 through 531.20, 21 sections

Publisher: Illinois General Assembly, Legislative Reference Bureau
Edition: Illinois Compiled Statutes as published by the Legislative Reference Bureau. The...
Last checked: 2026-09-19
Status: Illinois Compiled Statutes, public domain

Edition and licensing notes

Publisher. Illinois General Assembly, Legislative Reference Bureau (ilga.gov)

Edition. Illinois Compiled Statutes as published by the Legislative Reference Bureau. The publisher's own currency statement on the page reads: "Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law." The latest source note in this Article is P.A. 103-718, eff. 7-19-24 (Sec. 531.03); no Section of this Article carries a Public Act with a future effective date. Retrieved 2026-09-19.

Status. Illinois Compiled Statutes, public domain (Illinois General Assembly).

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What this document is

215 ILCS 5, Article XXXIII 1/2 - Illinois Life and Health Insurance Guaranty Association Law (Secs. 531.01 through 531.20, 21 sections) is a state statute published by Illinois General Assembly, Legislative Reference Bureau (ilga.gov). It is one of the Illinois documents that insurance license exam questions are written from, including illinois life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

215 ILCS 5/531.03(3)(b) (Coverage and limitations: aggregate limit with respect to any one life)
“In no event shall the Association be obligated to cover more than (1) an aggregate of $300,000 in benefits with respect to any one life under subparagraphs (i), (ii), and (iii) of this paragraph (b) except with respect to benefits for health benefit plans under item (B) of subparagraph (i) of this...”
215 ILCS 5/531.03(2)(b)(x) (Coverage and limitations: exclusion of self-funded and uninsured employer plans)
“(x) any portion of a policy or contract issued to a plan or program of an employer, association, or other person to provide life, health, or annuity benefits to its employees, members, or others to the extent that the plan or program is self-funded or uninsured, including, but not limited to,...”
215 ILCS 5/531.19(a) (Prohibited advertisement of action of the Insurance Guaranty Association in sale of insurance)
“(a) No person, including a member insurer, agent or affiliate of a member insurer shall make, publish, disseminate, circulate, or place before the public, or cause directly or indirectly, to be made, published, disseminated, circulated or placed before the public, in any newspaper, magazine or...”
215 ILCS 5/531.03(3)(b)(i)(A) (Coverage and limitations: life insurance limits with respect to any one life)
“(A) $300,000 in life insurance death benefits, but not more than $100,000 in net cash surrender and net cash withdrawal values for life insurance;”

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Illinois Life & Health practice test

Questions about this source

215 ILCS 5, Article XXXIII 1/2 - Illinois Life and Health Insurance Guaranty Association Law (Secs. 531.01 through 531.20, 21 sections) is a state statute published by Illinois General Assembly, Legislative Reference Bureau (ilga.gov). Edition: Illinois Compiled Statutes as published by the Legislative Reference Bureau. The publisher's own currency statement on the page reads: "Updating the database of the Illinois Compiled Statutes (ILCS) is an ongoing process. Recent laws may not yet be included in the ILCS database, but they are found on this site as Public Acts soon after they become law. For information concerning the relationship between statutes and Public Acts, refer to the Guide. Because the statute database is maintained primarily for legislative drafting purposes, statutory changes are sometimes included in the statute database before they take effect. If the source note at the end of a Section of the statutes includes a Public Act that has not yet taken effect, the version of the law that is currently in effect may have already been removed from the database and you should refer to that Public Act to see the changes made to the current law." The latest source note in this Article is P.A. 103-718, eff. 7-19-24 (Sec. 531.03); no Section of this Article carries a Public Act with a future effective date. Retrieved 2026-09-19..

No. This page summarizes the document and links to the official version. Always rely on the text published by Illinois General Assembly, Legislative Reference Bureau (ilga.gov) for the current law.

Practice questions for Illinois Life & Health cite this document.

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