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IL HB4786
Bill
Status
Failed
1/7/2025
Primary Sponsor
Jay Hoffman
Click for details
AI Summary
- Amends Section 500-135 of the Illinois Insurance Code to establish licensing and registration fees for insurance producers, education providers, and related entities
- Sets biennial insurance producer license fees at $215 for Illinois residents and $380 for non-residents, with temporary licenses costing $50
- Establishes annual registration fees for education providers at $1,000 for Illinois-based providers and $2,000 for out-of-state providers
- Creates fees for limited line producer licenses ranging from $50 annually to $200 biennially depending on license type, including car rental and self-service storage facility licenses
- Requires that beginning July 1, 2021, additional revenue from increased insurance producer license fees be transferred annually to law enforcement training funds (10% to State Police Training and Academy Fund, 90% to Law Enforcement Training Fund)
Legislative Description
INS CD-EDUCATION PROVIDER
Last Action
Session Sine Die
1/7/2025
Committee Referrals
Assignments4/24/2024
Insurance2/14/2024
Rules2/6/2024
Full Bill Text
No bill text available