HB0070 Summary

• Increases pre-licensing course requirements for insurance producers from 15 hours to 20 hours for Life, Accident and Health, Fire, Casualty, and Personal Lines-Property Casualty classes, and from 7.5 hours to 12.5 hours for Motor Vehicle class.

• Requires 7.5 hours of classroom instruction for most pre-licensing courses (5 hours for Motor Vehicle) instead of allowing all hours to be completed online.

• Reduces continuing education requirements for license renewal from 30 hours to 24 hours, with 3 of the 24 hours required to be classroom ethics instruction.

• Specifies that pre-licensing courses must be completed before the insurance exam, and clarifies that Fire and Casualty pre-licensing course completion satisfies requirements for Personal Lines-Property and Casualty qualification.

• Applies to insurance producer licensing under the Illinois Insurance Code with these requirements taking effect upon enactment.