Public Act 098-0159
 
SB1758 EnrolledLRB098 08310 RPM 38415 b


  
    AN ACT concerning insurance.
  
 
    Be it enacted by the People of the State of Illinois,
 
represented in the General Assembly:
  
 
 
    Section 5. The Illinois Insurance Code is amended  by 
changing Sections 500-100 and 500-135 as follows:
 



    (215 ILCS 5/500-100)


    (Section scheduled to be repealed on January 1, 2017)

    Sec. 500-100. Limited lines producer license. 

    (a) An individual who is at least 18 years of age and whom 
the Director
considers to
be competent, trustworthy, and of 
good business reputation may obtain a limited
lines producer

license for one or more of the following classes:


        (1) insurance on baggage or limited travel health, 
    accident, or trip
cancellation
insurance sold in 
    connection with transportation provided by a common 
    carrier;


        (2) industrial life insurance, as defined in Section 
    228 of this Code;


        (3) industrial accident and health insurance, as 
    defined in
Section 368 of this
Code;


        (4) insurance issued by a company organized under the 
    Farm Mutual
Insurance Company Act of 1986;


        (5) legal expense insurance;


        (6) enrollment of recipients of public aid or medicare 
    in a health
maintenance
organization;


        (7) a limited health care plan issued by an 
    organization having a
certificate of
authority under the 
    Limited Health Service Organization Act; .

        (8) credit life and credit accident and health 
    insurance  and other credit insurance policies approved or 
    permitted by the Director; a credit insurance company must 
    conduct a training program in which an applicant shall 
    receive basic instruction about the credit insurance 
    products that they will be selling. 
    (b) The application for a limited lines producer license 
must be submitted
on a form
prescribed by the Director by a 
designee of the insurance company, health
maintenance

organization, or limited health service organization 
appointing the limited
insurance
representative.  The insurance 
company, health maintenance organization, or
limited health

service organization must pay the fee required by Section 
500-135.

    (c) A limited lines producer may represent more than one 
insurance company,
health
maintenance organization, or limited 
health service organization.

    (d) An applicant who has met the requirements of this 
Section shall be
issued a
perpetual limited lines producer 
license.

    (e) A limited lines producer license shall remain in effect 
as long as the
appointing
insurance company pays the respective 
fee required by Section 500-135 prior to
January 1 of
each 
year, unless the license is revoked or suspended pursuant to

Section 500-70.  Failure of the
insurance company to pay the 
license fee or to submit the required documents
shall cause

immediate termination of the limited line insurance producer 
license with
respect to which the
failure occurs.

    (f) A limited lines producer license may be terminated by 
the insurance
company or
the licensee.

    (g) A person whom the Director considers to be competent, 
trustworthy, and
of
good
business reputation may be issued a 
car rental limited line license. A car
rental limited line

license for a rental company shall remain in effect as long as 
the car rental
limited line licensee
pays the respective fee 
required by Section 500-135 prior to the next fee date
unless 
the car rental
license is revoked or suspended pursuant to 
Section 500-70.  Failure of the car
rental limited line
licensee 
to pay the license fee or to submit the required documents 
shall cause
immediate
suspension of the car rental limited line 
license. A car rental limited line
license for rental
companies 
may be voluntarily
terminated by the car rental limited line 
licensee. The license fee
shall not be refunded upon 
termination of the car rental limited line license
by the car 
rental
limited line licensee.

    (h) A limited lines producer issued a license pursuant to 
this Section is
not
subject to
the requirements of Section 
500-30.

    (i) A limited lines producer license must contain the name, 
address and
personal
identification number of the licensee, the 
date the license was issued,
general conditions relative
to the 
license's expiration or termination, and any other information 
the
Director considers
proper.  A limited line producer license, 
if applicable, must also contain the
name and address of
the 
appointing insurance company.

(Source: P.A. 92-386, eff. 1-1-02.)

 



    (215 ILCS 5/500-135)


    (Section scheduled to be repealed on January 1, 2017)

    Sec. 500-135. Fees. 

    (a) The fees required by this Article are as follows:


        (1) a fee of $180 for a person who is a resident of 
    Illinois, and $250
for a person who is not a resident of 
    Illinois, payable once every 2
years for an insurance

    producer
license;


        (2) a fee of $50 for the issuance of a temporary 
    insurance
producer
license;


        (3) a fee of $150 payable once every 2 years for a 
    business
entity;


        (4) an annual $50 fee for a limited
line producer 
    license issued under items (1)
through (8) (7) of 
    subsection (a) of Section 500-100;


        (5) a $50 application fee for the processing of a 
    request to
take the
written
examination for an insurance 
    producer license;


        (6) an annual registration fee of $1,000 for 
    registration of
an
education provider;


        (7) a certification fee of $50 for each certified

    pre-licensing or
continuing
education course and an annual 
    fee of $20 for renewing the
certification of
each such

    course;


        (8) a fee of $180 for a person who is a resident of 
    Illinois, and $250
for a person who is not a resident of 
    Illinois, payable once every 2
years for a car rental

    limited line
license;


        (9) a fee of $200 payable once every 2 years for a 
    limited
lines license
other
than the licenses issued under 
    items (1) through (8) (7) of subsection (a) of
Section

    500-100, a
car rental limited line license, or a 
    self-service storage facility limited
line license;


        (10) a fee of $50 payable once every 2 years for a 
    self-service storage
facility limited line license.

    (b) Except as otherwise provided, all
fees paid to and 
collected by the Director under
this Section shall be paid 
promptly after receipt thereof, together with a
detailed 
statement of
such fees, into a special fund in the State 
Treasury to be known as the
Insurance Producer
Administration 
Fund.  The moneys deposited into the  Insurance Producer

Administration Fund
may be used only for payment of the 
expenses of the Department in the
execution,
administration, 
and enforcement of the insurance laws of this State, and shall

be appropriated as
otherwise provided by law for the payment of 
those expenses with first priority
being any
expenses incident 
to or associated with the administration and enforcement of

this Article.

(Source: P.A. 95-331, eff. 8-21-07.)

 
 
    Section 99. Effective date. This Act takes effect upon 
becoming law.