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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND BUSINESS ENTITIES PART 3119 PRE-LICENSING AND CONTINUING EDUCATION SECTION 3119.20 DEFINITIONS
Section 3119.20 Definitions
For the purposes of this Part, the following definitions shall apply:
Contact instruction means a course presented in a classroom or seminar format.
Course means any course of study certified to the Director that meets the requirements of this Part, including but not limited to seminar, classroom, and self-study formats.
Date of Original Issue means the date of the issuance of a producer's license. Any lapse or suspension of 1 year or more shall establish a new date of original issue and subject the person to this Part.
Department means the Department of Financial and Professional Regulation.
Director means the Director of the Department of Financial and Professional Regulation-Division of Insurance of the State of Illinois or anyone to whom the Director's responsibilities and authority are lawfully delegated.
Division means the Department of Financial and Professional Regulation- Division of Insurance.
Interactive Online means self-study courses only presented on the Internet that do not require a proctored final exam.
Provider means any person who offers a course for which certification has been received by the Director.
Successful Completion means passing an examination with a score of 70% or above in accordance with criteria established by the provider.
Supervised Examination means a proctored, timed and closed book examination.
Traditional Long-Term Care (TLTC) and Long-Term Care Partnership (LTCP) Training Credit means prescribed training required by licensed producers prior to the producer being allowed to sell TLTC and LTCP. This training is required pursuant to 50 Ill. Adm. Code 2012.122(d)(1) and 2018.80(d) and may satisfy a part of the continuing education requirement if the course is filed with the Division as a continuing education course.
(Source: Amended at 29 Ill. Reg. 15515, effective September 29, 2005) |