Free Illinois Insurance FAQs | Free Illinois Insurance Legal Documents

Are There Any Pre-Licensing Examinations That I Must First Take?

Tue, 29 May 2007 21:19:00 GMT

Yes. Assessment Systems Inc. or ASI is the Administrator of insurance licensing examinations in Illinois. Candidates may make a reservation by:

calling ASI Customer Care at (800) 2740402
faxing the Fax Reservation Form to ASI at (888) 2046291
visiting the ASI Web site http://www.asisvcs.com

Candidates should make a reservation by phone at least three (3) business days before the desired examination date, or by fax or on the Web at least four (4) days before the desired examination date. Exams are given in Chicago, Schaumberg, Westmont, Springfield, Carterville, and Galesburg. The examination fee is $90. Candidates may take up to two examinations at one examination session.

Exam content information, test center locations, as well as the Fax Reservation Form can be found in the Insurance Licensing Examination Candidate Handbook.

How Can I Obtain The Required Forms For Insurance Licensing?

Tue, 29 May 2007 21:19:00 GMT

Insurance Producer Forms and Other Licensing Forms are available from the Department of Insurance Website. If additional forms are needed, you can contact the Department of Insurance in person, by mail, fax or Email as identified above.

How Do I Proceed After I Take The Examination?

Tue, 29 May 2007 21:19:00 GMT

If you pass the licensing examination you will be given a license application and instruction sheet by Assessment Systems, Inc. (A.S.I.), the test administrator. Complete the ORIGINAL license application received from A.S.I., and send a $150.00 license fee (payable to the Director of Insurance). Your prelicensing proof of completion results must be sent by your education provider and received by the Department prior to the license being issued. Mail the license application and fee to the Producer Section, Illinois Department of Insurance, 320 W. Washington, Springfield, Illinois 627670001.

If you fail the exam, A.S.I. will provide the results and the procedures to arrange for another exam with A.S.I.

Those who already hold an Illinois producer license, or who have already submitted an application for a license to the Department of Insurance, need not send another application and fee when they pass an examination for additional lines. When the Department is notified by ASI that the candidate has passed the additional tests, and has been notified by the education provider that prelicensing education has been completed, it will automatically update the license record and send an amended license, which will include the additional authority.

Is Any Pre-Licensing Education Required?

Tue, 29 May 2007 21:19:00 GMT

You must first complete the prelicensing education requirement of 15 hours per line of authority; i.e., Life (Class1 (a), Accident/Health (Class 1(b) or 2(a)), Fire (Class 3), Casualty (Class 2). For Motor Vehicle (Class 2(b) or 3(e), the requirement is 7 ½ hours. The state does not require prelicensing education to qualify for a Public Adjuster license.

The proof of completion will be submitted to the Illinois Department of Insurance by the education provider. The required hours should be completed prior to the candidate's examination date. You can access a Producer Licensing Record online where you can verify that the Department has received documentation of successful completion of prelicensing education requirements.

What Are The Licensing Fees?

Tue, 29 May 2007 21:19:00 GMT

The following is a list of fees mandated by the Illinois Insurance Code.

	Eff. 1/1/2001
Resident Producer License	$150.00/2 yr.
NonResident Producer License	$150.00/2 yr.
Renewal Fee for Resident and NonResidents	$150.00/2 yr.
Late/Reinstatement Fee (in addition to license fee)	$50.00
Temporary License Fee	$25.00
Corporation/Partnership Registration Fee	$50.00/2 yr.
Renewal Fee Corporation/Partnership Registration	$50.00/2 yr.
Late/Reinstatement Fee Corporation/Partnership	$15.00
Certification/Clearance Letters (per letter)	$10.00
Corporation/Partnership Premium Finance License	$200.00
Individual Premium Finance License	$200.00
Third Party Administrator License	$100.00
Third Party Prescription Program	$50.00
Public Adjuster License	$30.00
Public Adjuster Firm Registration	$20.00
Viatical Settlement Provider LicenseNew	$1,500.00
Viatical Settlement Provider Renewal	$750.00
Employee Leasing Company	$500.00
Health Care Purchasing Group	$100.00
Health Care Purchasing Group Sponsor	$100.00

What Are The Requirements If I Am A New Resident Of Illinois Previously Licensed In Another State?

Tue, 29 May 2007 21:19:00 GMT

If you are applying for an Illinois resident producer license and are licensed in another state, you may be exempt from certain Illinois examination and educational requirements.

From the date of application, if you have held an insurance license in good standing in your former state of residence during the prior 12 months you will be required to take Part 2 only (Laws) of the Illinois examination and are exempt from Illinois prelicensing requirements for the lines of authority you held under your previous license.

A LETTER OF CLEARANCE from your former state of residence is required at the time you apply for a license in Illinois. This clearance letter must show the type of authority held in your previous state and be no older than 90 days.

If you have not held a license during the past 12 months you must take Parts 1 & 2 of the Illinois Insurance exam. You will also be required to successfully complete a prelicensing course of study for each line of authority for which you wish to be licensed.

What Do I Do If I Have An Address Change?

Tue, 29 May 2007 21:19:00 GMT

The holder of an insurance producer license or business entity registration is required to inform the Department of Insurance of a change of residential address within 30 days of such a change.

Complete the Producer License/Business Entity Address Change form. You may print the form and mail it to the Illinois Department of Insurance, Attention: Producer Licensing, 320 W. Washington, Springfield, IL 627670001. You may also submit it electronically after completing the form and clicking the SUBMIT button.

What Do I Do To Become A Non-Resident Licensee?

Tue, 29 May 2007 21:19:00 GMT

You must complete the Uniform Application for Individual NonResident License or Uniform Application for Business Entity NonResident License/Registration. These applications apply to the following five lines of authority: 1) Life, 2) Accident & Health or Sickness, 3) Property, 4) Casualty and 5) Variable Life/Variable Annuity lines of authority. Questions regarding any other class of license or limited line producer license should be directed to the Illinois Department of Insurance.

You will not be required to complete prelicensing education, a qualifying examination or continuing education, if required, so long as you are certified by the resident state as in compliance with its licensing and continuing education requirements. Issuance of the license does not relieve the applicant from meeting mandatory ongoing license renewal and continuing education requirements, or other reporting requirements for the State of Illinois.

What Do I Need From The Illinois Department Of Insurance If I Want To Become Licensed In Another State?

Tue, 29 May 2007 21:19:00 GMT

A Letter of Certification is needed if you plan to apply as a nonresident in another state. A Clearance letter is used when you are moving to another state and it cancels your license effective the date it is issued. The fee is $10 per Certification/Clearance letter payable to the Department of Insurance. Click here for the Certification/Clearance Request Form.

Where Can I Obtain Insurance Licensing Information?

Tue, 29 May 2007 21:19:00 GMT

You may obtain licensing information from the Illinois Department of Insurance:

Illinois Department of Insurance
320 West Washington Street
Springfield, Illinois 627670001
Phone: (217) 7826366
FAX: (217) 7825020
TDD: (217) 5244872

100 West Randolph, Suite 15100
Chicago, Illinois 60601
Phone: (312) 8142427
FAX: (312) 8145435
TDD: (312) 8142603

Website: http://www.state.il.us/ins

Free Auto Insurance FAQs

Sun, 29 Nov 2009 00:59:22 GMT

Free Auto Insurance FAQs

Free Health Insurance FAQs

Sun, 29 Nov 2009 00:59:22 GMT

Free Health Insurance FAQs

Free Home Owners Insurance FAQs

Sun, 29 Nov 2009 00:59:22 GMT

Free Home Owners Insurance FAQs

Free Life Insurance FAQs

Sun, 29 Nov 2009 00:59:22 GMT

Free Life Insurance FAQs