Full Text of SB2144 98th General Assembly
SB2144sam001 98TH GENERAL ASSEMBLY | Sen. David Koehler Filed: 3/5/2013
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| 1 | | AMENDMENT TO SENATE BILL 2144
| 2 | | AMENDMENT NO. ______. Amend Senate Bill 2144 by replacing | 3 | | everything after the enacting clause with the following:
| 4 | | "Section 5. The Illinois Insurance Code is amended by | 5 | | changing Section 500-100 as follows:
| 6 | | (215 ILCS 5/500-100)
| 7 | | (Section scheduled to be repealed on January 1, 2017)
| 8 | | Sec. 500-100. Limited lines producer license.
| 9 | | (a) An individual who is at least 18 years of age and whom | 10 | | the Director
considers to
be competent, trustworthy, and of | 11 | | good business reputation may obtain a limited
lines producer
| 12 | | license for one or more of the following classes:
| 13 | | (1) insurance on baggage or limited travel health, | 14 | | accident, or trip
cancellation
insurance sold in | 15 | | connection with transportation provided by a common | 16 | | carrier;
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| 1 | | (2) industrial life insurance, as defined in Section | 2 | | 228 of this Code;
| 3 | | (3) industrial accident and health insurance, as | 4 | | defined in
Section 368 of this
Code;
| 5 | | (4) insurance issued by a company organized under the | 6 | | Farm Mutual
Insurance Company Act of 1986;
| 7 | | (5) legal expense insurance;
| 8 | | (6) enrollment of recipients of public aid or medicare | 9 | | in a health
maintenance
organization;
| 10 | | (7) a limited health care plan issued by an | 11 | | organization having a
certificate of
authority under the | 12 | | Limited Health Service Organization Act.
| 13 | | (a-5) An insurance navigator shall obtain a limited
lines | 14 | | producer
license for the purpose of advising qualified | 15 | | individuals under the federal Patient Protection and | 16 | | Affordable Care Act, as amended by the federal Health Care and | 17 | | Education Reconciliation Act of 2010, and any amendments | 18 | | thereto, about health plans offered through the Illinois Health | 19 | | Benefits Exchange and other State and federal health programs | 20 | | as may be available. Insurance navigators must complete a | 21 | | training program in basic instruction about the Illinois Health | 22 | | Benefit Exchange, accident and health insurance business, and | 23 | | State and federal programs with which they will be assisting | 24 | | individuals. Insurance navigators may not receive any direct | 25 | | compensation or personal economic benefit for assisting | 26 | | individuals with respect to any particular health benefits |
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| 1 | | plan. | 2 | | (b) The application for a limited lines producer license | 3 | | must be submitted
on a form
prescribed by the Director by a | 4 | | designee of the insurance company, health
maintenance
| 5 | | organization, or limited health service organization | 6 | | appointing the limited
insurance
representative. The insurance | 7 | | company, health maintenance organization, or
limited health
| 8 | | service organization must pay the fee required by Section | 9 | | 500-135.
| 10 | | (c) A limited lines producer may represent more than one | 11 | | insurance company,
health
maintenance organization, or limited | 12 | | health service organization.
| 13 | | (d) An applicant who has met the requirements of this | 14 | | Section shall be
issued a
perpetual limited lines producer | 15 | | license.
| 16 | | (e) A limited lines producer license shall remain in effect | 17 | | as long as the
appointing
insurance company pays the respective | 18 | | fee required by Section 500-135 prior to
January 1 of
each | 19 | | year, unless the license is revoked or suspended pursuant to
| 20 | | Section 500-70. Failure of the
insurance company to pay the | 21 | | license fee or to submit the required documents
shall cause
| 22 | | immediate termination of the limited line insurance producer | 23 | | license with
respect to which the
failure occurs.
| 24 | | (f) A limited lines producer license may be terminated by | 25 | | the insurance
company or
the licensee.
| 26 | | (g) A person whom the Director considers to be competent, |
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| 1 | | trustworthy, and
of
good
business reputation may be issued a | 2 | | car rental limited line license. A car
rental limited line
| 3 | | license for a rental company shall remain in effect as long as | 4 | | the car rental
limited line licensee
pays the respective fee | 5 | | required by Section 500-135 prior to the next fee date
unless | 6 | | the car rental
license is revoked or suspended pursuant to | 7 | | Section 500-70. Failure of the car
rental limited line
licensee | 8 | | to pay the license fee or to submit the required documents | 9 | | shall cause
immediate
suspension of the car rental limited line | 10 | | license. A car rental limited line
license for rental
companies | 11 | | may be voluntarily
terminated by the car rental limited line | 12 | | licensee. The license fee
shall not be refunded upon | 13 | | termination of the car rental limited line license
by the car | 14 | | rental
limited line licensee.
| 15 | | (h) A limited lines producer issued a license pursuant to | 16 | | this Section is
not
subject to
the requirements of Section | 17 | | 500-30.
| 18 | | (i) A limited lines producer license must contain the name, | 19 | | address and
personal
identification number of the licensee, the | 20 | | date the license was issued,
general conditions relative
to the | 21 | | license's expiration or termination, and any other information | 22 | | the
Director considers
proper. A limited line producer license, | 23 | | if applicable, must also contain the
name and address of
the | 24 | | appointing insurance company.
| 25 | | (Source: P.A. 92-386, eff. 1-1-02 .)".
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