January 2018

My nonresident license is up for renewal this month and I am an Illinois resident, what do I need to do?

Since Illinois is your home state, you must complete their continuing education requirements before that license expires.  You can renewal your  nonresident license at the National Insurance Producer Registry and pay their nonresident licensing fees and a $5.00 processing fee.

My nonresident license is up for renewal this month and I am an Illinois resident, what do I need to do? Read More »

What are the licensing fees in Illinois?

Original license applications and renewals can be done at the National Insurance Producer Register. Insurance license are issued for a two year period and expire on the last day of the producer’s birth month.  There is a $5.00 processing fee. Insurance producer  & Limited Lines  licenses fees are $215.00* To re-instate a expired license, the

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I am an independent producer living in Illinois, Do I need to be bonded?

Unless all of the insurance companies that you are contracted with are assuming financial responsibility for the funds you handle, you will need to maintain a surety bond payable to the People of Illinois and file a completed Insurance Producer/Business Entity Bond (IL446-0152B)  with the Department of Insurance.  The minimum bond amount is $2,500 or

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I completed my CMS Marketplace training, Can I get continuing education credits for that?

Illinois insurance producers can receive continuing education credit for completing the online Federal Health Insurance Marketplace courses. There are three courses available: ACA Basics, The Individual Marketplace, and The SHOP Marketplace. Producers will receive four hours of CE credit for the prerequisite ACA Basics and one other course, or five hours of CE credit for

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I have a Texas general line-Life, Accident &Health license and moved into Illinois last week. Can I transfer my license to Illinois?

Illinois issues insurance licenses for Life, Accident & Health, Casualty, Fire (Property) and personal lines.  Since you have a Texas general line- Life Accident & Health, Illinois will allow you to apply by way of a written application with your payment of $180 and a letter of clearance from the Texas Department of Insurance.

I have a Texas general line-Life, Accident &Health license and moved into Illinois last week. Can I transfer my license to Illinois? Read More »