It's possible. To insert a component, you would have to use the Inventor API directly in the iLogic rule.
Do you also want to delete the same component, based on some conditions?
iLogic has direct support for suppressing and unsuppressing components using the Component.IsActive function. This is not the same as deleting and inserting, but it is similar in some ways.
Mike Deck
Autodesk
Mike Deck
Software Developer
Autodesk, Inc.