Accident Health License

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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What is the Gramm-Leach-Bliley Act (GLBA)?

President Clinton signed into law the Gramm-Leach-Bliley Act(GLBA) (P.L. 106-102) on November 12, 1999. GLBA requires state insurance regulators to issue rules protecting the privacy of insurance consumers’ personal information.  These rules require insurance companies, producers, and other entities engaged insurance activities to protect the customer’s financial and health information. It requires insurers to: Notify consumers of their privacy policies; …

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What does it take to becoming a licensed insurance agent/producer in Illinois?

Here are the steps to get your insurance license: Complete 20 hours of pre licensing training with 7 1/2 hours being in a classroom for each line of authority ( Life, Accident, Casualty & Fire (property)) with an Illinois approved pre-licensing provider Schedule and pass the state proctored examination.  You schedule your examination with pearsonvue. The …

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