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
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
