(225 ILCS 45/3a-5)
(a) Every license issued by the Comptroller shall state
the number of the license, the business name and address of
the licensee's principal place of business, each branch
location also operating under the license, and the
licensee's parent company, if any. The license shall be
conspicuously posted in each place of business operating
under the license. The Comptroller may issue such
additional licenses as may be necessary for licensee branch
locations upon compliance with the provisions of this Act
governing an original issuance of a license for each new
(b) Individual salespersons representing a licensee
shall not be required to obtain licenses in their
individual capacities, but must acknowledge, by affidavit,
that they have been provided with a copy of and have read
this Act. The licensee shall retain copies of the affidavits
of its sellers for its records and shall make the affidavits
available to the Comptroller for examination upon request.
(c) The licensee shall be responsible for the activities
of any person representing the licensee in selling or
offering a pre-need contract for sale.
(d) Any person not selling on behalf of a licensee shall
obtain its own license.
(e) No license shall be transferable or assignable
without the express written consent of the Comptroller. A
transfer of more than 50% of the ownership of any business
licensed hereunder shall be deemed to be an attempted
assignment of the license originally issued to the licensee
for which consent of the Comptroller shall be required.
(f) Every license issued hereunder shall be renewed every 5 years for a renewal fee of $100. The renewal fee shall be deposited into the Comptroller's Administrative Fund. The Comptroller, upon the request
of an interested person or on his own motion, may issue new
licenses to a licensee whose license or licenses have been
revoked, if no factor or condition then exists which would
have warranted the Comptroller to originally refuse the
issuance of such license.
(Source: P.A. 97-593, eff. 8-26-11.)