What is required if a life policy is marketed with an illustration?

Insurance

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What is required if a life policy is marketed with an illustration?

a. A basic illustration must be prepared and delivered to the Commissioner

b. A fee of $50 must be paid to the Department of Insurance

c. The Secretary of State must be notified.

d. A special form must be filed with the Commissioner

Answer: a. A basic illustration must be prepared and delivered to the Commissioner

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