SB1758 EngrossedLRB098 08310 RPM 38415 b

1    AN ACT concerning insurance.
 
2    Be it enacted by the People of the State of Illinois,
3represented in the General Assembly:
 
4    Section 5. The Illinois Insurance Code is amended by
5changing Sections 500-100 and 500-135 as follows:
 
6    (215 ILCS 5/500-100)
7    (Section scheduled to be repealed on January 1, 2017)
8    Sec. 500-100. Limited lines producer license.
9    (a) An individual who is at least 18 years of age and whom
10the Director considers to be competent, trustworthy, and of
11good business reputation may obtain a limited lines producer
12license for one or more of the following classes:
13        (1) insurance on baggage or limited travel health,
14    accident, or trip cancellation insurance sold in
15    connection with transportation provided by a common
16    carrier;
17        (2) industrial life insurance, as defined in Section
18    228 of this Code;
19        (3) industrial accident and health insurance, as
20    defined in Section 368 of this Code;
21        (4) insurance issued by a company organized under the
22    Farm Mutual Insurance Company Act of 1986;
23        (5) legal expense insurance;

 

 

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1        (6) enrollment of recipients of public aid or medicare
2    in a health maintenance organization;
3        (7) a limited health care plan issued by an
4    organization having a certificate of authority under the
5    Limited Health Service Organization Act; .
6        (8) credit life and credit accident and health
7    insurance and other credit insurance policies approved or
8    permitted by the Director; a credit insurance company must
9    conduct a training program in which an applicant shall
10    receive basic instruction about the credit insurance
11    products that they will be selling.
12    (b) The application for a limited lines producer license
13must be submitted on a form prescribed by the Director by a
14designee of the insurance company, health maintenance
15organization, or limited health service organization
16appointing the limited insurance representative. The insurance
17company, health maintenance organization, or limited health
18service organization must pay the fee required by Section
19500-135.
20    (c) A limited lines producer may represent more than one
21insurance company, health maintenance organization, or limited
22health service organization.
23    (d) An applicant who has met the requirements of this
24Section shall be issued a perpetual limited lines producer
25license.
26    (e) A limited lines producer license shall remain in effect

 

 

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1as long as the appointing insurance company pays the respective
2fee required by Section 500-135 prior to January 1 of each
3year, unless the license is revoked or suspended pursuant to
4Section 500-70. Failure of the insurance company to pay the
5license fee or to submit the required documents shall cause
6immediate termination of the limited line insurance producer
7license with respect to which the failure occurs.
8    (f) A limited lines producer license may be terminated by
9the insurance company or the licensee.
10    (g) A person whom the Director considers to be competent,
11trustworthy, and of good business reputation may be issued a
12car rental limited line license. A car rental limited line
13license for a rental company shall remain in effect as long as
14the car rental limited line licensee pays the respective fee
15required by Section 500-135 prior to the next fee date unless
16the car rental license is revoked or suspended pursuant to
17Section 500-70. Failure of the car rental limited line licensee
18to pay the license fee or to submit the required documents
19shall cause immediate suspension of the car rental limited line
20license. A car rental limited line license for rental companies
21may be voluntarily terminated by the car rental limited line
22licensee. The license fee shall not be refunded upon
23termination of the car rental limited line license by the car
24rental limited line licensee.
25    (h) A limited lines producer issued a license pursuant to
26this Section is not subject to the requirements of Section

 

 

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1500-30.
2    (i) A limited lines producer license must contain the name,
3address and personal identification number of the licensee, the
4date the license was issued, general conditions relative to the
5license's expiration or termination, and any other information
6the Director considers proper. A limited line producer license,
7if applicable, must also contain the name and address of the
8appointing insurance company.
9(Source: P.A. 92-386, eff. 1-1-02.)
 
10    (215 ILCS 5/500-135)
11    (Section scheduled to be repealed on January 1, 2017)
12    Sec. 500-135. Fees.
13    (a) The fees required by this Article are as follows:
14        (1) a fee of $180 for a person who is a resident of
15    Illinois, and $250 for a person who is not a resident of
16    Illinois, payable once every 2 years for an insurance
17    producer license;
18        (2) a fee of $50 for the issuance of a temporary
19    insurance producer license;
20        (3) a fee of $150 payable once every 2 years for a
21    business entity;
22        (4) an annual $50 fee for a limited line producer
23    license issued under items (1) through (8) (7) of
24    subsection (a) of Section 500-100;
25        (5) a $50 application fee for the processing of a

 

 

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1    request to take the written examination for an insurance
2    producer license;
3        (6) an annual registration fee of $1,000 for
4    registration of an education provider;
5        (7) a certification fee of $50 for each certified
6    pre-licensing or continuing education course and an annual
7    fee of $20 for renewing the certification of each such
8    course;
9        (8) a fee of $180 for a person who is a resident of
10    Illinois, and $250 for a person who is not a resident of
11    Illinois, payable once every 2 years for a car rental
12    limited line license;
13        (9) a fee of $200 payable once every 2 years for a
14    limited lines license other than the licenses issued under
15    items (1) through (8) (7) of subsection (a) of Section
16    500-100, a car rental limited line license, or a
17    self-service storage facility limited line license;
18        (10) a fee of $50 payable once every 2 years for a
19    self-service storage facility limited line license.
20    (b) Except as otherwise provided, all fees paid to and
21collected by the Director under this Section shall be paid
22promptly after receipt thereof, together with a detailed
23statement of such fees, into a special fund in the State
24Treasury to be known as the Insurance Producer Administration
25Fund. The moneys deposited into the Insurance Producer
26Administration Fund may be used only for payment of the

 

 

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1expenses of the Department in the execution, administration,
2and enforcement of the insurance laws of this State, and shall
3be appropriated as otherwise provided by law for the payment of
4those expenses with first priority being any expenses incident
5to or associated with the administration and enforcement of
6this Article.
7(Source: P.A. 95-331, eff. 8-21-07.)
 
8    Section 99. Effective date. This Act takes effect upon
9becoming law.