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ILLINOIS STATE LAW PROPERTY II 2026 KEY LEGAL PRINCIPLES AND CASE LAW REVISION PACK A+

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ILLINOIS STATE LAW PROPERTY II 2026 KEY LEGAL PRINCIPLES AND CASE LAW REVISION PACK A+

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ILLINOIS STATE LAW PROPERTY II 2026 KEY
LEGAL PRINCIPLES AND CASE LAW REVISION
PACK A+

◉ Producer fine for cease and desist violation. Answer: 100/day up
to 5000


◉ Producer fine per violation for refusal to obey unfair trade
practice cease and desist order. Answer: $1,000


◉ Insurer pays up to _______ and/or revocation of certificate of
authority for violation an unfair claims practice cease and desist
order. Answer: $250,000


◉ DOI must give at least ___ days notice before a hearing. Answer: 10
days


◉ Insurer lead time to request hearing regarding an examination
report. Answer: 10 days


◉ DOI must issue a written examination report within this period.
Answer: 90 days

, ◉ Producer lead time to request hearing regarding examination
report. Answer: 14 days


◉ Producer fine for failure to obey a written DOI order. Answer:
$5,000


◉ Applicant must pass both parts of license exam within this period
of time. Answer: 90 days


◉ Producer time to notify DOI of change of address/felony
conviction. Answer: 30 days


◉ Producer time to notify DOI of change of license status. Answer:
30 days


◉ Length of temporary producer license. Answer: 90 days


◉ Length of temporary nonproducer license. Answer: 180 days


◉ Producer who lapses license may renew in this period without
new exam by paying double renewal fee. Answer: 12 months


◉ Limited lines producer license renews ____ on the 1st of January.
Answer: annually

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