WOOLARD-BRADY. 215 ILCS 5/491.1 from Ch. 73, par. 1065.38-1 215 ILCS 5/492.2 from Ch. 73, par. 1065.39-2 215 ILCS 5/494.1 from Ch. 73, par. 1065.41-1 215 ILCS 5/495.2 new 215 ILCS 5/496.2 from Ch. 73, par. 1065.43-2 215 ILCS 5/497.1 from Ch. 73, par. 1065.44-1 215 ILCS 5/499.1 from Ch. 73, par. 1065.46-1 215 ILCS 5/505.1 from Ch. 73, par. 1065.52-1 215 ILCS 5/509.1 from Ch. 73, par. 1065.56-1 215 ILCS 5/510.2 from Ch. 73, par. 1065.57-2 215 ILCS 5/504.1 rep. 215 ILCS 5/508.2 rep. Amends the Illinois Insurance Code. Provides for insurance producers to pay licensing fees on a 2-year basis rather than annually. Creates the Insurance Producer Education Review Board to advise and assist the Department of Insurance in reviewing and approving education courses for insurance producers. Abolishes the requirement that insurance producers and registered firms that place insurance with insurers with which the firm or producer does not have an agent contract be bonded. Creates a class of insurance producer license for the sale of coverages relating to the rental of vehicles. Abolishes restrictions on licensing insurance producers who procure controlled business. Effective January 1, 2000. FISCAL NOTE (Department of Insurance) There may be a significant fiscal impact for staffing require- ments and Board member reimbursements. 99-02-17 H FIRST READING 99-02-17 H ADDED AS A JOINT SPONSOR BRADY 99-02-17 H REFERRED TO HOUSE RULES COMMITTEE RULES 99-02-18 H ASSIGNED TO COMMITTEE INSURANCE 99-03-05 H RE-REFERRED TO RULES COMM/RULE 19(A) RULES HRUL 99-03-08 H FISCAL NOTE FILED 99-03-08 H COMMITTEE RULES 01-01-09 H SESSION SINE DIE END OF INQUIRY Full Text Bill Summary