Illinois Posts Rescission Bulletin

When a consumer files a complaint about a rescission, the Illinois department can measure the effect of any false statement only by examining the insurer’s underwriting guidelines, McRaith writes.

To make that possible, a carrier that is responding to complaints about a rescission must provide a “full and complete copy of its underwriting guidelines, including any supplements, appendices, or exhibits,” McRaith writes. “The underwriting guidelines must be submitted free from redactions, deletions, or exclusions of any kind and must include the provision or provisions on which the company relied to support the rescission.”

The company also must identify the provisions or provisions used to make the rescission decision, McRaith writes.