HB4786 EngrossedLRB103 36833 RPS 66944 b

1    AN ACT concerning regulation.
 
2    Be it enacted by the People of the State of Illinois, 
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by 
5changing Section 500-135 as follows:
 
6    (215 ILCS 5/500-135)
7    (Section scheduled to be repealed on January 1, 2027)
8    Sec. 500-135. Fees. 
9    (a) The fees required by this Article are as follows:
10        (1) a fee of $215 for a person who is a resident of 
11    Illinois, and $380 for a person who is not a resident of 
12    Illinois, payable once every 2 years for an insurance 
13    producer license;
14        (2) a fee of $50 for the issuance of a temporary 
15    insurance producer license;
16        (3) a fee of $150 payable once every 2 years for a 
17    business entity;
18        (4) an annual $50 fee for a limited line producer 
19    license issued under items (1) through (8) of subsection 
20    (a) of Section 500-100;
21        (5) a $50 application fee for the processing of a 
22    request to take the written examination for an insurance 
23    producer license;
 
 
HB4786 Engrossed- 2 -LRB103 36833 RPS 66944 b

1        (6) an annual registration fee of $1,000 for 
2    registration of an education provider based in the State 
3    of Illinois, and $2,000 for registration of an education 
4    provider that is not based in the State of Illinois;
5        (7) a certification fee of $50 for each certified 
6    pre-licensing or continuing education course and an annual 
7    fee of $20 for renewing the certification of each such 
8    course;
9        (8) a fee of $215 for a person who is a resident of 
10    Illinois, and $380 for a person who is not a resident of 
11    Illinois, payable once every 2 years for a car rental 
12    limited line license;
13        (9) a fee of $200 payable once every 2 years for a 
14    limited lines license other than the licenses issued under 
15    items (1) through (8) of subsection (a) of Section 
16    500-100, a car rental limited line license, or a 
17    self-service storage facility limited line license;
18        (10) a fee of $50 payable once every 2 years for a 
19    self-service storage facility limited line license.
20    (a-5) Beginning on July 1, 2021, an amount equal to the 
21additional amount of revenue collected under paragraphs (1) 
22and (8) of subsection (a) as a result of the increase in the 
23fees under this amendatory Act of the 102nd General Assembly 
24shall be transferred annually, with 10% of that amount paid 
25into the State Police Training and Academy Fund and 90% of that 
26amount paid into the Law Enforcement Training Fund. 
 
 
HB4786 Engrossed- 3 -LRB103 36833 RPS 66944 b

1    (b) Except as otherwise provided, all fees paid to and 
2collected by the Director under this Section shall be paid 
3promptly after receipt thereof, together with a detailed 
4statement of such fees, into a special fund in the State 
5Treasury to be known as the Insurance Producer Administration 
6Fund. The moneys deposited into the Insurance Producer 
7Administration Fund may be used only for payment of the 
8expenses of the Department in the execution, administration, 
9and enforcement of the insurance laws of this State, and shall 
10be appropriated as otherwise provided by law for the payment 
11of those expenses with first priority being any expenses 
12incident to or associated with the administration and 
13enforcement of this Article.
14(Source: P.A. 102-16, eff. 6-17-21.)