Chapter 215 — INSURANCE

(215 ILCS 5/500-155) (Section scheduled to be repealed on January 1, 2027) Sec. 500-155. Disclosure. A policy the solicitation of which involves an insurance producer, limited insurance representative, or temporary insurance producer must identify the name of the producer, repres…

(215 ILCS 5/500-20) (Section scheduled to be repealed on January 1, 2027) Sec. 500-20. Exceptions to licensing. (a) Nothing in this Article shall be construed to require an insurer to obtain an insurance producer license. In this Section, the term "insurer" does not include an in…

(215 ILCS 5/500-25) (Section scheduled to be repealed on January 1, 2027) Sec. 500-25. Application for examination. (a) A resident individual applying for an insurance producer license must pass a written examination unless exempt pursuant to Section 500-45. Both part one and par…

(215 ILCS 5/500-30) (Section scheduled to be repealed on January 1, 2027) Sec. 500-30. Application for license. (a) An individual applying for a resident insurance producer license must make application on a form specified by the Director and declare under penalty of refusal, sus…

(215 ILCS 5/500-35) (Section scheduled to be repealed on January 1, 2027) Sec. 500-35. License. (a) Unless denied a license pursuant to Section 500-70, persons who have met the requirements of Sections 500-25 and 500-30 shall be issued a 2-year insurance producer license. An insu…

(215 ILCS 5/500-40) (Section scheduled to be repealed on January 1, 2027) Sec. 500-40. Nonresident licensing. (a) Unless denied a license pursuant to Section 500-70, a nonresident person shall receive a nonresident producer license if: (1) the person is currently licensed as a re…

(215 ILCS 5/500-45) (Section scheduled to be repealed on January 1, 2027) Sec. 500-45. Exemption from examination. (a) An individual who applies for an insurance producer license in this State who was previously licensed for the same lines of authority in another state shall not …

(215 ILCS 5/500-5) (Section scheduled to be repealed on January 1, 2027) Sec. 500-5. Scope of Article. This Article applies to all persons and insurance companies as defined in this Code. This Article does not apply to surplus lines producers licensed pursuant to Section 445 exce…

(215 ILCS 5/500-50) (Section scheduled to be repealed on January 1, 2027) Sec. 500-50. Insurance producers; examination statistics. (a) The use of examinations for the purpose of determining qualifications of persons to be licensed as insurance producers has a direct and far-reac…

(215 ILCS 5/500-55) (Section scheduled to be repealed on January 1, 2027) Sec. 500-55. Assumed names. An insurance producer doing business under any name other than the producer's legal name must notify the Director before using the assumed name. (Source: P.A. 92-386, eff. 1-1-02…

(215 ILCS 5/500-60) (Section scheduled to be repealed on January 1, 2027) Sec. 500-60. Temporary licensing. (a) The Director may issue a temporary insurance producer license for a period not to exceed 180 days and, at the discretion of the Director, may renew the temporary produc…

(215 ILCS 5/500-65) (Section scheduled to be repealed on January 1, 2027) Sec. 500-65. Temporary insurance producer license for an applicant. (a) The Director may grant a temporary insurance producer license to an applicant for an insurance producer license, without requiring an …

(215 ILCS 5/500-70) (Section scheduled to be repealed on January 1, 2027) Sec. 500-70. License denial, nonrenewal, or revocation. (a) The Director may place on probation, suspend, revoke, or refuse to issue or renew an insurance producer's license or may levy a civil penalty in a…

(215 ILCS 5/500-75) Sec. 500-75. (Repealed). (Source: P.A. 92-386, eff. 1-1-02. Repealed by P.A. 96-1332, eff. 1-1-11.)

(215 ILCS 5/500-76) (Section scheduled to be repealed on January 1, 2027) Sec. 500-76. Applicant convictions. (a) The Director and the Department shall not require applicants to report the following information and shall not collect and consider the following criminal history rec…

(215 ILCS 5/500-77) (Section scheduled to be repealed on January 1, 2027) Sec. 500-77. Policyholder information and exclusive ownership of expirations. (a) As used in this Section, "expirations" means all information relative to an insurance policy including, but not limited to, …

(215 ILCS 5/500-80) (Section scheduled to be repealed on January 1, 2027) Sec. 500-80. Commissions. (a) An insurer or insurance producer may not pay a commission, service fee, brokerage, or other valuable consideration to a person for selling, soliciting, or negotiating insurance…

(215 ILCS 5/500-85) (Section scheduled to be repealed on January 1, 2027) Sec. 500-85. Notification of termination; immunity; confidentiality. (a) An insurer or authorized representative of an insurer that terminates the appointment, employment, contract, or other insurance busin…

(215 ILCS 5/500-90) (Section scheduled to be repealed on January 1, 2027) Sec. 500-90. Reciprocity. (a) The Director shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by Section 500-40…

(215 ILCS 5/500-95) (Section scheduled to be repealed on January 1, 2027) Sec. 500-95. Reporting of actions. An individual who, while licensed as an insurance producer, is convicted of a felony, must report the conviction to the Director within 30 days after the entry date of the…

(215 ILCS 5/500.1) (from Ch. 73, par. 1065.47-1) Sec. 500.1. (Repealed). (Source: P.A. 85-334. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/501.2) (from Ch. 73, par. 1065.48-2) Sec. 501.2. (Repealed). (Source: P.A. 83-801. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/502.2) (from Ch. 73, par. 1065.49-2) Sec. 502.2. (Repealed). (Source: P.A. 83-801. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/503.1) (from Ch. 73, par. 1065.50-1) Sec. 503.1. (Repealed). (Source: P.A. 83-801. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/504) (from Ch. 73, par. 1065.51) Sec. 504. (Repealed). (Source: P.A. 83-1007. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/504.1) (from Ch. 73, par. 1065.51-1) Sec. 504.1. (Repealed). (Source: P.A. 83-1299. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/505.1) (from Ch. 73, par. 1065.52-1) Sec. 505.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/505.2) (from Ch. 73, par. 1065.52-2) Sec. 505.2. (Repealed). (Source: P.A. 86-905. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/506.1) (from Ch. 73, par. 1065.53-1) Sec. 506.1. (Repealed). (Source: P.A. 83-1299. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/507.1) (from Ch. 73, par. 1065.54-1) Sec. 507.1. (Repealed). (Source: P.A. 88-313. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/507.2) (Section scheduled to be repealed on January 1, 2027) Sec. 507.2. Policyholder information and exclusive ownership of expirations. (a) As used in this Section, "expirations" means all information relative to an insurance policy including, but not limited to, th…

(215 ILCS 5/508.1) (from Ch. 73, par. 1065.55-1) Sec. 508.1. (Repealed). (Source: P.A. 85-334. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/508.2) (from Ch. 73, par. 1065.55-2) Sec. 508.2. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/509.1) (from Ch. 73, par. 1065.56-1) Sec. 509.1. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/51) (from Ch. 73, par. 663) (Section scheduled to be repealed on January 1, 2027) Sec. 51. Issuance of certificate of authority. When the Director has been notified that the company has the required surplus as set forth in Section 43 of this Article as now and hereaft…

(215 ILCS 5/510.2) (from Ch. 73, par. 1065.57-2) Sec. 510.2. (Repealed). (Source: P.A. 91-234, eff. 1-1-00. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/511.1) (from Ch. 73, par. 1065.58-1) Sec. 511.1. (Repealed). (Source: P.A. 84-548. Repealed by P.A. 92-386, eff. 1-1-02.)

(215 ILCS 5/511.100) (from Ch. 73, par. 1065.58-100) (Section scheduled to be repealed on January 1, 2027) Sec. 511.100. Purpose. The purpose of this Article is to recognize and provide reasonable public supervision and licensing of persons who provide administrative services in …

(215 ILCS 5/511.101) (from Ch. 73, par. 1065.58-101) (Section scheduled to be repealed on January 1, 2027) Sec. 511.101. Definitions. For the purpose of this Article: (a) "Administrator" means any person who on behalf of a plan sponsor or insurer receives or collects charges, con…

(215 ILCS 5/511.102) (from Ch. 73, par. 1065.58-102) (Section scheduled to be repealed on January 1, 2027) Sec. 511.102. License required. (a) No person may act as or hold himself out to be an administrator after July 1, 1986 unless duly licensed in accordance with this Article. …

(215 ILCS 5/511.103) (from Ch. 73, par. 1065.58-103) (Section scheduled to be repealed on January 1, 2027) Sec. 511.103. Application. The applicant for a license shall file with the Director an application upon a form prescribed by the Director, which shall include or have attach…

(215 ILCS 5/511.104) (from Ch. 73, par. 1065.58-104) (Section scheduled to be repealed on January 1, 2027) Sec. 511.104. Bond requirements for administrators. (a) Every applicant for an administrator's license shall file with the application and shall thereafter maintain in force…

(215 ILCS 5/511.105) (from Ch. 73, par. 1065.58-105) (Section scheduled to be repealed on January 1, 2027) Sec. 511.105. License. (a) The Director shall cause a license to be issued to each applicant that has demonstrated to the Director's satisfaction compliance with the require…

(215 ILCS 5/511.106) (from Ch. 73, par. 1065.58-106) (Section scheduled to be repealed on January 1, 2027) Sec. 511.106. Administrator requirements. (a) Each administrator shall identify to the Director any ownership interest or affiliation of any kind with any plan sponsor or in…

(215 ILCS 5/511.107) (from Ch. 73, par. 1065.58-107) (Section scheduled to be repealed on January 1, 2027) Sec. 511.107. License suspension, revocation or denial. (a) Any license issued under this Article may be suspended or revoked, after notice to the licensee and an opportunit…

(215 ILCS 5/511.108) (from Ch. 73, par. 1065.58-108) (Section scheduled to be repealed on January 1, 2027) Sec. 511.108. Felony convictions. Any administrator and any individual listed on the application as required by Section 511.103, who is convicted of a felony shall report su…

(215 ILCS 5/511.109) (from Ch. 73, par. 1065.58-109) (Section scheduled to be repealed on January 1, 2027) Sec. 511.109. Examination. The Director or the Director's designee may examine any applicant for or holder of an administrator's license in accordance with Sections 132 thro…

(215 ILCS 5/511.110) (from Ch. 73, par. 1065.58-110) (Section scheduled to be repealed on January 1, 2027) Sec. 511.110. Administrative fine. (a) If the Director finds that one or more grounds exist for the revocation or suspension of a license issued under this Article, the Dire…

(215 ILCS 5/511.111) (from Ch. 73, par. 1065.58-111) (Section scheduled to be repealed on January 1, 2027) Sec. 511.111. Insurance Producer Administration Fund. All fees and fines paid to and collected by the Director under this Article shall be paid promptly after receipt thereo…

(215 ILCS 5/511.112) (from Ch. 73, par. 1065.58-112) (Section scheduled to be repealed on January 1, 2027) Sec. 511.112. Fiduciary accounts and duties. (a) Administrators shall hold in a fiduciary capacity all contributions and premiums received or collected on behalf of a plan s…