Public Act 098-0159
 
SB1758 EnrolledLRB098 08310 RPM 38415 b

    AN ACT concerning insurance.
 
    Be it enacted by the People of the State of Illinois,
represented in the General Assembly:
 
    Section 5. The Illinois Insurance Code is amended by
changing Sections 500-100 and 500-135 as follows:
 
    (215 ILCS 5/500-100)
    (Section scheduled to be repealed on January 1, 2017)
    Sec. 500-100. Limited lines producer license.
    (a) An individual who is at least 18 years of age and whom
the Director considers to be competent, trustworthy, and of
good business reputation may obtain a limited lines producer
license for one or more of the following classes:
        (1) insurance on baggage or limited travel health,
    accident, or trip cancellation insurance sold in
    connection with transportation provided by a common
    carrier;
        (2) industrial life insurance, as defined in Section
    228 of this Code;
        (3) industrial accident and health insurance, as
    defined in Section 368 of this Code;
        (4) insurance issued by a company organized under the
    Farm Mutual Insurance Company Act of 1986;
        (5) legal expense insurance;
        (6) enrollment of recipients of public aid or medicare
    in a health maintenance organization;
        (7) a limited health care plan issued by an
    organization having a certificate of authority under the
    Limited Health Service Organization Act; .
        (8) credit life and credit accident and health
    insurance and other credit insurance policies approved or
    permitted by the Director; a credit insurance company must
    conduct a training program in which an applicant shall
    receive basic instruction about the credit insurance
    products that they will be selling.
    (b) The application for a limited lines producer license
must be submitted on a form prescribed by the Director by a
designee of the insurance company, health maintenance
organization, or limited health service organization
appointing the limited insurance representative. The insurance
company, health maintenance organization, or limited health
service organization must pay the fee required by Section
500-135.
    (c) A limited lines producer may represent more than one
insurance company, health maintenance organization, or limited
health service organization.
    (d) An applicant who has met the requirements of this
Section shall be issued a perpetual limited lines producer
license.
    (e) A limited lines producer license shall remain in effect
as long as the appointing insurance company pays the respective
fee required by Section 500-135 prior to January 1 of each
year, unless the license is revoked or suspended pursuant to
Section 500-70. Failure of the insurance company to pay the
license fee or to submit the required documents shall cause
immediate termination of the limited line insurance producer
license with respect to which the failure occurs.
    (f) A limited lines producer license may be terminated by
the insurance company or the licensee.
    (g) A person whom the Director considers to be competent,
trustworthy, and of good business reputation may be issued a
car rental limited line license. A car rental limited line
license for a rental company shall remain in effect as long as
the car rental limited line licensee pays the respective fee
required by Section 500-135 prior to the next fee date unless
the car rental license is revoked or suspended pursuant to
Section 500-70. Failure of the car rental limited line licensee
to pay the license fee or to submit the required documents
shall cause immediate suspension of the car rental limited line
license. A car rental limited line license for rental companies
may be voluntarily terminated by the car rental limited line
licensee. The license fee shall not be refunded upon
termination of the car rental limited line license by the car
rental limited line licensee.
    (h) A limited lines producer issued a license pursuant to
this Section is not subject to the requirements of Section
500-30.
    (i) A limited lines producer license must contain the name,
address and personal identification number of the licensee, the
date the license was issued, general conditions relative to the
license's expiration or termination, and any other information
the Director considers proper. A limited line producer license,
if applicable, must also contain the name and address of the
appointing insurance company.
(Source: P.A. 92-386, eff. 1-1-02.)
 
    (215 ILCS 5/500-135)
    (Section scheduled to be repealed on January 1, 2017)
    Sec. 500-135. Fees.
    (a) The fees required by this Article are as follows:
        (1) a fee of $180 for a person who is a resident of
    Illinois, and $250 for a person who is not a resident of
    Illinois, payable once every 2 years for an insurance
    producer license;
        (2) a fee of $50 for the issuance of a temporary
    insurance producer license;
        (3) a fee of $150 payable once every 2 years for a
    business entity;
        (4) an annual $50 fee for a limited line producer
    license issued under items (1) through (8) (7) of
    subsection (a) of Section 500-100;
        (5) a $50 application fee for the processing of a
    request to take the written examination for an insurance
    producer license;
        (6) an annual registration fee of $1,000 for
    registration of an education provider;
        (7) a certification fee of $50 for each certified
    pre-licensing or continuing education course and an annual
    fee of $20 for renewing the certification of each such
    course;
        (8) a fee of $180 for a person who is a resident of
    Illinois, and $250 for a person who is not a resident of
    Illinois, payable once every 2 years for a car rental
    limited line license;
        (9) a fee of $200 payable once every 2 years for a
    limited lines license other than the licenses issued under
    items (1) through (8) (7) of subsection (a) of Section
    500-100, a car rental limited line license, or a
    self-service storage facility limited line license;
        (10) a fee of $50 payable once every 2 years for a
    self-service storage facility limited line license.
    (b) Except as otherwise provided, all fees paid to and
collected by the Director under this Section shall be paid
promptly after receipt thereof, together with a detailed
statement of such fees, into a special fund in the State
Treasury to be known as the Insurance Producer Administration
Fund. The moneys deposited into the Insurance Producer
Administration Fund may be used only for payment of the
expenses of the Department in the execution, administration,
and enforcement of the insurance laws of this State, and shall
be appropriated as otherwise provided by law for the payment of
those expenses with first priority being any expenses incident
to or associated with the administration and enforcement of
this Article.
(Source: P.A. 95-331, eff. 8-21-07.)
 
    Section 99. Effective date. This Act takes effect upon
becoming law.