Illinois Administrative Code

Section 3119.30 Provider Responsibilities a) Each provider shall file for course approval using the CER Course Filing Form. b) Each provider shall submit a new CER Course Filing Form when there is a significant change in the course. A significant change includes, but is not limit…

Section 3119.40 Responsibilities of Applicant for Insurance Producer Licenses and Licensed Insurance Producers Until 1/1/97 (Repealed) (Source: Repealed at 21 Ill. Reg. 13820, effective October 15, 1997; error in filed page corrected at 26 Ill. Reg. 16522, effective October 28, 2…

Section 3119.45 Responsibilities of the Applicant for Insurance Producer Licenses and the Licensed Insurance Producers a) Applicants for Insurance Producer Licenses 1) Prior to taking the licensing examination, each applicant shall complete the pre-licensing education requirement…

Section 3119.50 Pre-Licensing – Course of Study Requirements a) The CER Course Filing Form must be received by the Director at least 30 days prior to any course being offered. b) A course filed by the Provider as a pre-licensing course of study shall meet the content requirements…

Section 3119.60 Home State Continuing Education Requirements a) The CER Filing Form must be received by the Director at least 30 days prior to any course being offered. b) The Department will provide a substantive review of continuing education courses as provided in the CER Agre…

Section 3119.65 Course Credit (Repealed) (Source: Repealed at 50 Ill. Reg. 753, effective December 30, 2025)

Section 3119.70 Course and Provider Disqualification a) The Director may disqualify any provider and/or any provider's courses if the Director finds that: 1) the provider or course has not met the requirements of this Part; 2) the provider has made a material misstatement or inte…

Section 3119.75 Additional Penalties In addition to, or instead of, course and provider disqualifications as set forth in Section 3119.70, the Director may take any appropriate regulatory action authorized by Article XXIV of the Code or any other provision of the Code or rule aga…

Section 3119.80 Severability If any provision of this Part or the application thereof to any person or circumstance is for any reason held to be invalid, the remainder of the Part and the application of such provision to other persons or circumstances shall not be affected thereb…

Section 3119.EXHIBIT H Course of Study – Casualty/Motor Vehicle Course of Study Content Requirements Time Distribution Requirements I. Insurance and Insurance-Related Concepts 25% A. Risks B. Hazards C. Indemnity D. Insurable interest E. Actual cash value F. Negligence G. Liabili…

Section 3120.10 Purpose a) The purpose of this Part is to require insurance producers to act in the best interest of the consumer when making a recommendation of an annuity and to require insurers to establish and maintain a system to supervise recommendations so that the insuran…

Section 3120.20 Scope This Part shall apply to any sale or recommendation of an annuity. (Source: Amended at 47 Ill. Reg. 2312, effective February 3, 2023)

Section 3120.30 Exemptions Unless otherwise specifically included, this Part shall not apply to transactions involving: a) Direct response solicitations where there is no recommendation based on information collected from the consumer pursuant to this Part; b) Contracts used to f…

Section 3120.40 Definitions "Annuity" means an insurance product under Illinois law that is sold by insurance companies in which the insurer provides for either a single income payment or a series of income payments at regular intervals in exchange for a single premium (contribut…

Section 3120.50 Duties of Insurers and Insurance Producers a) Best Interest Obligations. An insurance producer, when making a recommendation of an annuity, shall act in the best interest of the consumer under the circumstances known at the time the recommendation is made without …

Section 3120.60 Insurance Producer Training a) An insurance producer shall not solicit the sale of an annuity product unless the insurance producer has adequate knowledge of the product to recommend the annuity and the insurance producer is in compliance with the insurer's standa…

Section 3120.70 Compliance Mitigations; Penalties a) An insurer is responsible for compliance with this Part. If a violation occurs, either because of the action or inaction of the insurer or its insurance producer, the Director may order: 1) An insurer to take reasonably appropr…

Section 3120.80 Recordkeeping a) Insurers, general agents, independent agencies, and insurance producers shall maintain and be able to make available to the Director records of the information collected from the consumer, disclosures made to the consumer, including summaries of o…

Section 3120.90 Noncompliance Violation of the requirements of this Part may be considered evidence of misrepresentation under Section 149 of the Illinois Insurance Code and/or a deceptive act or practice prohibited under Sections 423 and 424 of the Illinois Insurance Code. (Sour…

Section 3120.APPENDIX A Insurance Producer Disclosure for Annuities Do Not Sign Unless You Have Read and Understand the Information in this Form Date: INSURANCE PRODUCER INFORMATION (“Me”, “I”, “My”) First Name: Last Name: Business\Agency Name: Website: Business Mailing Address: …

Section 3121.10 Purpose The purpose of this Part is to establish requirements for individual insurance producers and business entity producers that the Director deems necessary to carry out the provisions of Sections 500-10 through 500-155 of the Illinois Insurance Code. Failure …

Section 3121.20 Definitions For the purposes of this Part, the following definitions shall apply: "Business Entity Producer" means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. "Code" means the Illinois I…

Section 3121.30 Insurance Producer a) A first time applicant for an insurance producer license will receive a prorated fee for the initial insurance license so that the license's biennial expiration date can be set for the applicant's birth month. This date shall be no less than …

Section 3121.40 Business Entity Producer a) A business entity producer license will expire on May 31 biennially. b) Each business entity, at the time of application, shall designate at least one individual as the entity's DRLP. The DRLP must have an active resident or nonresident…

Section 3121.50 Severability If any Section or portion of a Section of this Part, or the applicability thereof to any person or circumstance is held invalid by a court, the remainder of the Part, or the applicability to other persons or circumstances, shall not be affected.

Section 3145.10 Purpose and Scope The purposes of this Part are to establish registration requirements for pharmacy benefit managers and to establish initial and renewal registration fees.

Section 3145.20 Registration a) All pharmacy benefit managers doing business in this State shall register with the Director of Insurance (Director). Each applicant for registration shall: 1) Make application for registration through the National Insurance Producer Registry (NIPR)…

Section 3145.30 Registration and Renewal Fee Each pharmacy benefit manager doing business in this State shall pay a registration fee of $500.00 on the initial application for registration and biennially thereafter on or before its expiration date, as long as the registration rema…

Section 3150.10 Authority (Repealed) (Source: Repealed at 44 Ill. Reg. 10127, effective May 29, 2020)

Section 3150.20 Purpose and Scope The purposes of this Part are to establish criteria for registration in accordance with the terms of Article XXXI½ of the Illinois Insurance Code (Code) [215 ILCS 5] and to establish an annual registration fee for all third party prescription pro…

Section 3150.30 Registration Each applicant for registration shall file with the Director of Insurance (Director) the following documents for each program to be administered: a) One of the following: 1) A certification that includes the location and identification number of the a…

Section 3150.40 Annual Registration Fee Each third party administrator doing business in this State shall pay to the Director a registration fee of $50.00 on the initial date of application for registration and each annual renewal of the registration. (Source: Amended at 44 Ill. …

Section 3301.10 Authority This Rule is promulgated by the Director of Insurance pursuant to Section 401 of the Illinois Insurance Code (Ill. Rev. Stat. 1981 ch. 73, para. 1013), which empowers the Director of Insurance "...to make reasonable rules and regulations as may be necess…

Section 3301.20 Purpose and Scope The purpose of this Part is to establish procedures for determining the net level of participation in the Illinois FAIR Plan (Fair Access to Insurance Requirements) required of each insurer. This Part shall apply to all insurers engaged in writin…

Section 3301.30 Participation Parameters a) Gross Participation. The gross participation shall apply uniformly to all property insurance and shall be based on the FAIR Plan participation formula which shall be filed with and approved by the Director of Insurance. b) Credits. Cred…

Section 3301.40 Credit Formula a) The FAIR Plan shall compute the gross participation for all companies as set forth in their formula filed with and approved by the Director. b) Beginning with calendar year 1981 and each calendar year thereafter, companies shall report to the FAI…

Section 3301.50 Severability Provision If any Section or portion of a Section of this Part or the applicability thereof to any person or circumstances is held invalid by a court, the remainder of the Part or the applicability of such provision to other persons or circumstances sh…

Section 3401.10 Applicability This Part shall apply to member insurers that offer policies or contracts described in Section 531.03 of the Illinois Insurance Code [215 ILCS 5/531.03].

Section 3401.20 Purpose The purpose of this Part is to establish the form and content of the Summary Document and Disclaimer required by Section 531.19 of the Illinois Insurance Code [215 ILCS 5/531.19] for use prior to, or at the time of, delivery of a policy or contract which i…

Section 3401.30 Definitions Disclaimer means the language required by Section 531.19(c) of the Illinois Insurance Code [215 ILCS 5/531.19(c)], which shall appear conspicuously on the face of the Summary Document. The Summary Document and Disclaimer are established by Illustration…

Section 3401.40 Delivery of Documents Required Sixty days after the effective date of this Part, no insurer shall deliver a policy or contract described in Section 531.03(2)(a) of the Illinois Insurance Code [215 ILCS 5/531.03(2)(a)], and not excluded under Section 531.03(2)(b) o…

Section 3401.ILLUSTRATION A Summary Document and Disclaimer NOTICE OF PROTECTION PROVIDED BY ILLINOIS LIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION This notice provides a brief summary description of the Illinois Life and Health Insurance Guaranty Association ("the Association")…

Section 3501.10 Registration of Securities a) All securities belonging to or in the possession, custody or control of any company shall be registered, issued to, and carried in the name of the company except: 1) Securities pledged or hypothecated with the company as security for …

Section 3501.20 Custody Care and Disposition of Securities a) Transfer, sale, assignment or disposition of any security belonging to any company, other than upon the surrender of the security for payment at maturity or under an option of the maker to prepay the same, shall first …

Section 3501.30 Signature to Checks-Facsimile Signatures a) All checks issued for the disbursement of funds belonging to a company shall require the signature of at least two officers or employees of the company who have been authorized by its Board of Directors. All checks shall…

Section 3501.40 Bank Balance Verification Verification of bank account balances and reconciliation of bank account statements shall be made by an officer or employee not empowered or authorized to approve payment of drafts or to make withdrawals from or charges against such accou…

Section 3501.5 Introduction All companies are hereby required, by resolution of their Board of Directors or other appropriate action, to conform their internal functions to the minimum standards established in this Part. (Source: Amended at 43 Ill. Reg. 7245, effective June 13, 2…

Section 3501.50 Bond Requirements a) All companies shall procure and maintain in force the surety bonds required under Section 8(6) of the Act in accordance with the standards provided in 50 Ill. Adm. Code 904.50(a). b) Surety bonds procured or maintained under this Section shall…

Section 3501.60 Records a) Each company shall keep its books, records, documents, accounts and vouchers in such manner that its financial condition can be ascertained, its financial statements filed with the Director can be readily verified, and its compliance with the law can be…

Section 3501.7 Definitions "Act" means the Farm Mutual Insurance Company Act of 1986 [215 ILCS 120]. "Company" means any company described in Section 1 of the Act. "Department" means the Illinois Department of Insurance. "Director" means the Director of the Illinois Department of…