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| Public Act 098-0159 | ||||
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AN ACT concerning insurance.
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Be it enacted by the People of the State of Illinois,
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represented in the General Assembly:
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Section 5. The Illinois Insurance Code is amended by | ||||
changing Sections 500-100 and 500-135 as follows:
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(215 ILCS 5/500-100)
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(Section scheduled to be repealed on January 1, 2017)
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Sec. 500-100. Limited lines producer license.
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(a) An individual who is at least 18 years of age and whom | ||||
the Director
considers to
be competent, trustworthy, and of | ||||
good business reputation may obtain a limited
lines producer
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license for one or more of the following classes:
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(1) insurance on baggage or limited travel health, | ||||
accident, or trip
cancellation
insurance sold in | ||||
connection with transportation provided by a common | ||||
carrier;
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(2) industrial life insurance, as defined in Section | ||||
228 of this Code;
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(3) industrial accident and health insurance, as | ||||
defined in
Section 368 of this
Code;
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(4) insurance issued by a company organized under the | ||||
Farm Mutual
Insurance Company Act of 1986;
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(5) legal expense insurance;
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(6) enrollment of recipients of public aid or medicare | ||
in a health
maintenance
organization;
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(7) a limited health care plan issued by an | ||
organization having a
certificate of
authority under the | ||
Limited Health Service Organization Act; .
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(8) credit life and credit accident and health | ||
insurance and other credit insurance policies approved or | ||
permitted by the Director; a credit insurance company must | ||
conduct a training program in which an applicant shall | ||
receive basic instruction about the credit insurance | ||
products that they will be selling. | ||
(b) The application for a limited lines producer license | ||
must be submitted
on a form
prescribed by the Director by a | ||
designee of the insurance company, health
maintenance
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organization, or limited health service organization | ||
appointing the limited
insurance
representative. The insurance | ||
company, health maintenance organization, or
limited health
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service organization must pay the fee required by Section | ||
500-135.
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(c) A limited lines producer may represent more than one | ||
insurance company,
health
maintenance organization, or limited | ||
health service organization.
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(d) An applicant who has met the requirements of this | ||
Section shall be
issued a
perpetual limited lines producer | ||
license.
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(e) A limited lines producer license shall remain in effect | ||
as long as the
appointing
insurance company pays the respective | ||
fee required by Section 500-135 prior to
January 1 of
each | ||
year, unless the license is revoked or suspended pursuant to
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Section 500-70. Failure of the
insurance company to pay the | ||
license fee or to submit the required documents
shall cause
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immediate termination of the limited line insurance producer | ||
license with
respect to which the
failure occurs.
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(f) A limited lines producer license may be terminated by | ||
the insurance
company or
the licensee.
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(g) A person whom the Director considers to be competent, | ||
trustworthy, and
of
good
business reputation may be issued a | ||
car rental limited line license. A car
rental limited line
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license for a rental company shall remain in effect as long as | ||
the car rental
limited line licensee
pays the respective fee | ||
required by Section 500-135 prior to the next fee date
unless | ||
the car rental
license is revoked or suspended pursuant to | ||
Section 500-70. Failure of the car
rental limited line
licensee | ||
to pay the license fee or to submit the required documents | ||
shall cause
immediate
suspension of the car rental limited line | ||
license. A car rental limited line
license for rental
companies | ||
may be voluntarily
terminated by the car rental limited line | ||
licensee. The license fee
shall not be refunded upon | ||
termination of the car rental limited line license
by the car | ||
rental
limited line licensee.
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(h) A limited lines producer issued a license pursuant to | ||
this Section is
not
subject to
the requirements of Section | ||
500-30.
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(i) A limited lines producer license must contain the name, | ||
address and
personal
identification number of the licensee, the | ||
date the license was issued,
general conditions relative
to the | ||
license's expiration or termination, and any other information | ||
the
Director considers
proper. A limited line producer license, | ||
if applicable, must also contain the
name and address of
the | ||
appointing insurance company.
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(Source: P.A. 92-386, eff. 1-1-02.)
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(215 ILCS 5/500-135)
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(Section scheduled to be repealed on January 1, 2017)
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Sec. 500-135. Fees.
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(a) The fees required by this Article are as follows:
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(1) a fee of $180 for a person who is a resident of | ||
Illinois, and $250
for a person who is not a resident of | ||
Illinois, payable once every 2
years for an insurance
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producer
license;
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(2) a fee of $50 for the issuance of a temporary | ||
insurance
producer
license;
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(3) a fee of $150 payable once every 2 years for a | ||
business
entity;
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(4) an annual $50 fee for a limited
line producer | ||
license issued under items (1)
through (8) (7) of | ||
subsection (a) of Section 500-100;
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(5) a $50 application fee for the processing of a | ||
request to
take the
written
examination for an insurance | ||
producer license;
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(6) an annual registration fee of $1,000 for | ||
registration of
an
education provider;
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(7) a certification fee of $50 for each certified
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pre-licensing or
continuing
education course and an annual | ||
fee of $20 for renewing the
certification of
each such
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course;
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(8) a fee of $180 for a person who is a resident of | ||
Illinois, and $250
for a person who is not a resident of | ||
Illinois, payable once every 2
years for a car rental
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limited line
license;
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(9) a fee of $200 payable once every 2 years for a | ||
limited
lines license
other
than the licenses issued under | ||
items (1) through (8) (7) of subsection (a) of
Section
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500-100, a
car rental limited line license, or a | ||
self-service storage facility limited
line license;
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(10) a fee of $50 payable once every 2 years for a | ||
self-service storage
facility limited line license.
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(b) Except as otherwise provided, all
fees paid to and | ||
collected by the Director under
this Section shall be paid | ||
promptly after receipt thereof, together with a
detailed | ||
statement of
such fees, into a special fund in the State | ||
Treasury to be known as the
Insurance Producer
Administration | ||
Fund. The moneys deposited into the Insurance Producer
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Administration Fund
may be used only for payment of the | ||
expenses of the Department in the
execution,
administration, | ||
and enforcement of the insurance laws of this State, and shall
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be appropriated as
otherwise provided by law for the payment of | ||
those expenses with first priority
being any
expenses incident | ||
to or associated with the administration and enforcement of
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this Article.
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(Source: P.A. 95-331, eff. 8-21-07.)
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Section 99. Effective date. This Act takes effect upon | ||
becoming law.
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