(215 ILCS 5/500-45)
(Section scheduled to be repealed on January 1, 2027)
Sec. 500-45.
Exemption from examination.
(a) An individual who applies for an insurance producer license in this
State who was
previously licensed for the same lines of authority in another state shall not
be required to
complete any pre-licensing education or examination. This exemption is only
available if the
person is currently licensed in that state or if the application is received
within 90 days after the
cancellation of the applicant's previous license and if the prior state issues
a certification that, at
the time of cancellation, the applicant was in good standing in that state or
the state's Producer
Database records, maintained by the National Association of Insurance
Commissioners, its
affiliates, or subsidiaries indicate that the producer is or was licensed in
good standing for the
line of authority requested.
(b) A person licensed as an insurance producer in another state who moves to
this
State must make application within 90 days after establishing legal residence
to become a
resident licensee pursuant to Section 500-30. A pre-licensing education or
examination is
not required of that person to obtain any line of authority previously held in
the
prior state except
when the Director determines otherwise by rule.
(Source: P.A. 92-386, eff. 1-1-02.)
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