You must wait 3 days to retake the examination. Since you failed Part 1 (general), you will only need to take Part 1 again. You have 90 days from the original examination date to pass the part that you failed. Past 90 days, you must take both Part 1 & Part 2.
In order to pass the Illinois Property Insurance Examination, you must pass Part 1 ( General Product Knowledge) and Part 2 (Illinois Statues and Regulations). Part 1 has 50 questions covering types of policies (25 questions); policy provisions, riders and options (12 questions); insurance terms and other insurance concepts( 14 questions); policy provisions & contract
How many questions are there on the Illinois Property (Fire) Insurance Examination? Read More »
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
I am an independent producer living in Illinois, Do I need to be bonded? Read More »
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
What does it take to becoming a licensed insurance agent/producer in Illinois? Read More »
