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IL SB1386

Bill

Status

Failed

1/13/2015

Primary Sponsor

Bill Brady

Click for details

Origin

Senate

98th General Assembly

AI Summary

  • Amends Section 500-25 of the Illinois Insurance Code concerning applications for insurance producer examinations.

  • Makes a technical correction by removing a duplicative word "an" in subsection (a) describing resident individual applicants for insurance producer licenses.

  • Maintains existing requirements that applicants pass a written examination, complete both parts within 90 days of each other, and demonstrate knowledge of lines of authority, producer duties, and state insurance laws.

  • Preserves Director authority to arrange examinations through outside testing services and collect nonrefundable fees as prescribed in Section 500-135.

Legislative Description

REGULATION-TECH

Last Action

Session Sine Die

1/13/2015

Committee Referrals

Assignments2/6/2013

Full Bill Text

No bill text available