Sec. 1409. Disclosure.
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/il/chapter-215/act-5/1409A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 1409. Disclosure. A financial institution shall clearly and conspicuously disclose in any written advertisement or promotional or informational material regarding an insurance product that the insurance offered, recommended, sponsored, or sold:
(1)is not a deposit;
(2)is not insured by the Federal Deposit Insurance Corporation, or in the case of a credit union, by the National Credit Union Share Insurance Fund;
(3)is not guaranteed by the financial institution or an affiliated insured depository institution; and
(4)where appropriate, involves investment risk, including potential loss of principal.