House Sponsors: WOOLARD-BRADY. Short description: INS PRODUCER LICENSE EDUCATION Synopsis of Bill as introduced: Amends the Illinois Insurance Code. Provides for insurance producers to pay licensing fees on a 2-year basis rather than annually. Creates the Insurance Producer Education Review Board to advise and assist the Department of Insurance in reviewing and approving education courses for insurance producers. Abolishes the requirement that insurance producers and registered firms that place insurance with insurers with which the firm or producer does not have an agent contract be bonded. Creates a class of insurance producer license for the sale of coverages relating to the rental of vehicles. Abolishes restrictions on licensing insurance producers who procure controlled business. Effective January 1, 2000. FISCAL NOTE (Department of Insurance) There may be a significant fiscal impact for staffing require- ments and Board member reimbursements. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status