Exams / Illinois Property Insurance Producer License / 215 ILCS 5/400
215 ILCS 5/400 — what it says, and how the exam tests it
This section is cited by 2 of our practice questions and is tested on 3 exams including the Illinois Property Insurance Producer License.
The text
215 ILCS 5/400. (from Ch. 73, par. 1012) Sec. 400. Supplemental or comprehensive contracts. Forms for supplemental contracts or comprehensive contracts whereby the property described may be insured against one or more risks specified in Class 2 or Class 3 of Section 4, in addition to the risk of direct loss or damage by fire, and forms of fire policies on farm property may be approved by the Director and their use in connection with or in lieu of a standard fire insurance policy may be authorized by the Director. (Source: Laws 1937, p. 696.)
Public record. Read the full, current section at the official source: www.ilga.gov
How it comes up on the exam
Practice questions written from this section — answers and explanations are in the drill.
- Under Section 400, which classes of risk may be included in a supplemental or comprehensive contract used in connection with or in lieu of a standard fire insurance policy?
drill Illinois Statutes and Regulations Pertinent to Property Insurance Only → - Under Section 400, who must approve forms for supplemental or comprehensive fire insurance contracts before their use is authorized in Illinois?
drill Illinois Statutes and Regulations Pertinent to Property Insurance Only →