How many questions are there on the Illinois Property (Fire) Insurance Examination?

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 …

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How many questions are there on the Illinois Casualty Insurance Examination?

In order to pass the Illinois Casualty 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 (23 questions); policy provisions, riders and options (12 questions); insurance terms and other insurance concepts( 15 questions) plus 10 additional questions …

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How many questions are there on the Illinois Accident and Health Insurance Examination?

In order to pass the Illinois Accident and Health 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 (14 questions); policy provisions, riders and options (20 questions); completing the application, taxes, social insurance  and other insurance …

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How many questions are there on the Illinois Life Insurance Examination?

In order to pass the Illinois Life 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; policy provisions, riders and options; completing the application, taxes, retirements and other insurance concepts plus 10 additional questions that are not …

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What is a contestable period of a life insurance policy?

During the first two years, the insurance company can challenge a death claim based on health history of insured. Insurers will order a complete medical records, check the physical examinations and other sources of  information.  In some cases, it will request copies of coroner’s (Medical examiner) reports, and police reports.

What is the NAIC (National Association of Insurance Comissoners)?

The NAIC is made up of all of the insurance regulators in the United States and its’ territories.  It’s role is provide uniformity in definitions, regulations, licensing, etc.  In many states, the size of their insurance regulators is small because of limited financial resources and the NAIC serves as a source for insurance model laws.  …

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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.