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Exam (elaborations)

Illinois Property Producer State Exam

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Illinois Property Producer State Exam

Institution
Illinois Property Producer State
Course
Illinois Property Producer State

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1 of 21

Term



A producer who allows license to lapse may..



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within 12 months after the due
date of the renewal fee, be within 6 months after the due date
issued a license without of the renewal fee, be issued a
passing the written license without any requirements
examination




within 24 months after the due date within 3 months after the due date
of the renewal fee, be issued a of the renewal fee, be issued a
license with additional fees license with a mandatory interview


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2 of 21

, Definition



-Hearings will be held between 20 and 30 days from the date of the
hearing notice
-The notice must state the nature of the violation


FINES
-Offenders who violate a cease and desist order
-up to $100 per day
-maximum $5,000


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A licensed producer who is
convicted of a felony must report
Who appoints the director of
such conviction to the Director
insurance?
within how many days of the
judgements entry date?




A producer who allows license to
Cease and Desist Order
lapse may..


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3 of 21

Term



The illinois insurance producer exam consists of 2 parts, which must
be passed within ___ days of each other



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Institution
Illinois Property Producer State
Course
Illinois Property Producer State

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