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| [ Introduced ] | [ House Amendment 001 ] |
91_HB3383eng HB3383 Engrossed LRB9110049JSpcA 1 AN ACT to amend the Illinois Insurance Code by changing 2 Section 494.1. 3 Be it enacted by the People of the State of Illinois, 4 represented in the General Assembly: 5 Section 5. The Illinois Insurance Code is amended by 6 changing Section 494.1 as follows: 7 (215 ILCS 5/494.1) (from Ch. 73, par. 1065.41-1) 8 Sec. 494.1. Insurance producer license; application and 9 examination. 10 (a) Each application for an insurance producer license 11 shall be made on a form specified by the Director, and shall 12 be signed by the applicant declaring under penalty of 13 refusal, suspension or revocation of the license that the 14 statements made in the application are true, correct and 15 complete to the best of the applicant's knowledge and belief. 16 Before approving the application, the Director shall satisfy 17 himself that the applicant (1) is at least 18 years of age; 18 (2) is competent, trustworthy and of good business 19 reputation; (3) has completed a pre-licensing course of 20 study; and (4) has certified that the bond required by 21 Section 508.2 is in force and effect or that the applicant is 22 exempt from the requirement of obtaining such bond; and (5) 23 has paid the fees required by Section 509.1. A pre-licensing 24 course of study for each class of insurance for which an 25 insurance producer license is requested shall be established 26 in accordance with rules and regulations prescribed by the 27 Director and shall consist of the following minimum hours: 28 Class of Insurance Number of Hours 29 Life (Class 1 (a)) 15 30 Accident/Health (Class 1(b) or 2(a)) 15 31 Fire (Class 3) 15 HB3383 Engrossed -2- LRB9110049JSpcA 1 Casualty (Class 2) 15 2 Motor Vehicle (Class 2(b) or 3(e)) 7 1/2 3 (b) Applicants for an insurance producer license shall 4 pass, within 90 days of each other, both part one and part 2 5 of a written examination unless exempt pursuant to Section 6 498.1. The examination shall reasonably test the knowledge 7 of the applicant concerning the class or classes of insurance 8 for which a license is applied, the duties and 9 responsibilities of an insurance producer and the insurance 10 laws and rules of Illinois. The examinations provided for by 11 this Section shall be conducted under rules and regulations 12 prescribed by the Director. The Director may make 13 arrangements, including contracting with an outside testing 14 service, for administering such examinations and collecting 15 the non-refundable application fee provided for by Section 16 509.1. 17 Each applicant required to take an examination shall, at 18 the time of request for examination, enclose with the 19 application a non-refundable application fee payable to the 20 Director, as provided for in Section 509.1, plus a separate 21 remittance payable to the designated testing service for the 22 total fees the testing service charges for each of the 23 various services being requested by the applicant. An 24 applicant who fails to appear for the examination as 25 scheduled, or appears but fails to pass, shall not be 26 entitled to any refund, and shall be required to submit a new 27 request for examination together with all of the requisite 28 fees before being rescheduled for another examination at a 29 later date. 30 (c) Before each license renewal, an insurance producer 31 shall satisfactorily complete at least 30 hours of course 32 study in accordance with rules prescribed by the Director. 33 The Director may not approve a course of study unless the 34 course provides for classroom, seminar, or self-study HB3383 Engrossed -3- LRB9110049JSpcA 1 instruction methods. A course given in a combination 2 instruction method of classroom or seminar and self-study 3 shall be deemed to be a self-study course unless the 4 classroom or seminar certified hours meets or exceeds 5 two-thirds of total hours certified for the course. The 6 self-study material used in the combination course must be 7 directly related to and complement the classroom portion of 8 the course in order to be considered for credit. An 9 instruction method other than classroom or seminar shall be 10 considered as self-study methodology. Self-study credit 11 hours require the successful completion of an examination 12 covering the self-study material, which shall not be 13 self-evaluated. Provided, however, that if the self-study 14 material is completed through the use of an approved 15 computerized interactive format whereby the computer 16 validates the successful completion of the self-study 17 material, no additional examination shall be required. The 18 self-study credit hours contained in a certified course shall 19 be considered classroom hours when at least two-thirds of the 20 hours are given as classroom or seminar instruction. 21 (d) An insurance producer license shall automatically 22 terminate when an insurance producer fails to successfully 23 meet the requirements of paragraph (c) of this Section. 24 (e) The holder of an insurance producer license shall 25 inform the Director in writing of a change in his residential 26 address within 30 days of such change. 27 (f) Each provider of a prelicensing or continuing 28 education course required by this Section shall pay a 29 registration fee and a course certification fee for each 30 course being certified as provided by Section 509.1. 31 (g) At the discretion of the Department, examinations 32 administered pursuant to subsection (b) may be administered 33 in Korean, Spanish, or Polish in addition to English if 34 requested by the applicant, or the Department may provide HB3383 Engrossed -4- LRB9110049JSpcA 1 translation services upon advance written request from an 2 applicant who is not fluent in English. The cost of this 3 service shall be borne by the applicant requesting the 4 service. This subsection shall become inoperative 3 years 5 after the effective date of this amendatory Act of the 91st 6 General Assembly. 7 (Source: P.A. 91-234, eff. 1-1-00.)