(215 ILCS 5/500-25)
(Section scheduled to be repealed on January 1, 2027)
Sec. 500-25.
Application for examination.
(a) A resident individual applying for an insurance producer license must
pass a written
examination unless exempt pursuant to Section 500-45. Both part one and part 2
of the
examination must be passed within 90 days of each other. The examination shall
test the
knowledge of the individual concerning the lines of authority for which
application is made, the
duties and responsibilities of an insurance producer, and the insurance laws
and rules of this
State. Examinations required by this Section must be developed and conducted
under rules
prescribed by the Director.
(b) The Director may make arrangements,
including contracting with an outside testing
service, for administering
examinations and collecting the nonrefundable fee set forth in Section
500-135.
(c) An individual applying for an examination must remit a nonrefundable fee
as
prescribed by the Director as set forth in Section 500-135, plus a separate
remittance payable to
the designated testing service for the total fees the testing service charges
for each of the various
services being requested by the applicant.
(d) An individual who fails to appear for the examination as scheduled or
fails
to pass the
examination, must reapply for an examination and remit all required fees and
forms before being
rescheduled for another examination.
(Source: P.A. 92-386, eff. 1-1-02.)
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