IL SB3902

Requires title insurance agents to obtain a license from the Secretary of Financial and Professional Regulation and register with the Department through at least one title insurance company to perform core title agent services

Establishes new disclosure requirements for criminal or disciplinary actions involving title insurance companies, title insurance agents, or independent escrowees

Mandates that title insurance agents obtain and maintain errors and omissions insurance, with coverage amounts varying based on whether the agent also acts as an escrow agent

Prohibits individuals or entities from operating as prelicensing or continuing education providers or administering examinations without Department certification

Authorizes the Secretary to set terms and conditions for probation periods affecting a person's authorization to operate under the Act