Illinois § 1409
Full text of Illinois Illinois Compiled Statutes § 1409, with citation guidance and answers to common questions.
§ 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. (Source: P.A. 90-41, eff. 10-1-97.)
Frequently Asked Questions About Illinois § 1409
What does Illinois Compiled Statutes § 1409 cover?
Section 1409 is part of the Illinois Compiled Statutes, the codified statutory law of Illinois. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Illinois § 1409?
A common citation format is "Illinois Compiled Statutes § 1409" (Illinois). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Illinois law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Illinois official source linked on this page or consult a licensed Illinois attorney.
How does Illinois § 1409 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Illinois can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Illinois.