(215 ILCS 5/228) (from Ch. 73, par. 840)
Sec. 228.
Industrial
Life Insurance Defined.
As used in this Code "industrial life insurance" means either that form
of life insurance under which the premiums are payable monthly or more often if the face
amount of insurance provided in the policy does not exceed $2,500 and the
words "industrial policy" are printed in prominent type on the face of the
policy. Any life company authorized to do business in this State may issue
industrial policies.
(Source: P.A. 82-498.)
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