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IL SB1386
Bill
AI Summary
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Amends Section 500-25 of the Illinois Insurance Code concerning applications for insurance producer examinations.
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Makes a technical correction by removing a duplicative word "an" in subsection (a) describing resident individual applicants for insurance producer licenses.
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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.
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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