| |||||||
| |||||||
| |||||||
1 | AN ACT concerning regulation.
| ||||||
2 | Be it enacted by the People of the State of Illinois,
| ||||||
3 | represented in the General Assembly:
| ||||||
4 | Section 5. The Illinois Insurance Code is amended by | ||||||
5 | changing Sections 500-30, 1510, and 1565 as follows:
| ||||||
6 | (215 ILCS 5/500-30)
| ||||||
7 | (Section scheduled to be repealed on January 1, 2027)
| ||||||
8 | Sec. 500-30. Application for license.
| ||||||
9 | (a) An individual applying for a resident insurance | ||||||
10 | producer license must
make
application on a form specified by | ||||||
11 | the Director and declare under penalty of
refusal, suspension,
| ||||||
12 | or revocation of the license that the statements made in the | ||||||
13 | application are
true, correct, and
complete to the best of the | ||||||
14 | individual's knowledge and belief. Before
approving the | ||||||
15 | application,
the Director must find that the individual:
| ||||||
16 | (1) is at least 18 years of age;
| ||||||
17 | (2) is sufficiently rehabilitated in cases in which | ||||||
18 | the applicant has committed any act that is a ground for | ||||||
19 | denial, suspension, or
revocation set forth in Section | ||||||
20 | 500-70, other than convictions set forth in paragraph (6) | ||||||
21 | of subsection (a) of Section 500-70; with respect to | ||||||
22 | applicants with convictions set forth in paragraph (6) of | ||||||
23 | subsection (a) of Section 500-70, the Director shall |
| ||||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||
1 | determine in accordance with Section 500-76 that the | |||||||||||||||||||||||||||||||||
2 | conviction will not impair the ability of the applicant to | |||||||||||||||||||||||||||||||||
3 | engage in the position for which a license is sought;
| |||||||||||||||||||||||||||||||||
4 | (3) has completed, if required by the Director, a | |||||||||||||||||||||||||||||||||
5 | pre-licensing course
of
study before the insurance exam | |||||||||||||||||||||||||||||||||
6 | for the lines of authority for which the individual has | |||||||||||||||||||||||||||||||||
7 | applied (an
individual who
successfully completes the Fire | |||||||||||||||||||||||||||||||||
8 | and Casualty pre-licensing courses also meets
the
| |||||||||||||||||||||||||||||||||
9 | requirements for Personal Lines-Property and Casualty);
| |||||||||||||||||||||||||||||||||
10 | (4) has paid the fees set forth in Section 500-135; | |||||||||||||||||||||||||||||||||
11 | and
| |||||||||||||||||||||||||||||||||
12 | (5) has successfully passed the examinations for the | |||||||||||||||||||||||||||||||||
13 | lines of authority
for
which the person has applied.
| |||||||||||||||||||||||||||||||||
14 | (b) A pre-licensing course of study for each class of | |||||||||||||||||||||||||||||||||
15 | insurance for which
an insurance
producer license is requested | |||||||||||||||||||||||||||||||||
16 | must be established in accordance with rules
prescribed by the
| |||||||||||||||||||||||||||||||||
17 | Director and must consist of the following minimum hours:
| |||||||||||||||||||||||||||||||||
| ||||||||||||||||||||||||||||||||||
26 | 7.5 hours of each pre-licensing course must be completed |
| |||||||
| |||||||
1 | in a classroom or webinar setting, except Motor Vehicle, which | ||||||
2 | would require 5 hours in a classroom or webinar setting. | ||||||
3 | (c) A business entity acting as an insurance producer must | ||||||
4 | obtain an
insurance
producer license. Application must be made | ||||||
5 | using the Uniform Business Entity
Application.
Before | ||||||
6 | approving the application, the Director must find that:
| ||||||
7 | (1) the business entity has paid the fees set forth in | ||||||
8 | Section 500-135;
and
| ||||||
9 | (2) the business entity has designated a licensed | ||||||
10 | producer responsible for
the
business entity's compliance | ||||||
11 | with the insurance laws and rules of this State.
| ||||||
12 | (d) The Director may require any documents reasonably | ||||||
13 | necessary to verify
the
information contained in an | ||||||
14 | application.
| ||||||
15 | (Source: P.A. 100-286, eff. 1-1-18 .)
| ||||||
16 | (215 ILCS 5/1510)
| ||||||
17 | Sec. 1510. Definitions. In this Article: | ||||||
18 | "Adjusting a claim for loss or damage covered by an | ||||||
19 | insurance contract" means negotiating values, damages, or | ||||||
20 | depreciation or applying the loss circumstances to insurance | ||||||
21 | policy provisions. | ||||||
22 | "Business entity" means a corporation, association, | ||||||
23 | partnership, limited liability company, limited liability | ||||||
24 | partnership, or other legal entity. | ||||||
25 | "Department" means the Department of Insurance. |
| |||||||
| |||||||
1 | "Director" means the Director of Insurance. | ||||||
2 | "Fingerprints" means an impression of the lines on the | ||||||
3 | finger taken for the purpose of identification. The impression | ||||||
4 | may be electronic or in ink converted to electronic format. | ||||||
5 | "Home state" means the District of Columbia and any state | ||||||
6 | or territory of the United States where the public adjuster's | ||||||
7 | principal place of residence or principal place of business is | ||||||
8 | located. If neither the state in which the public adjuster | ||||||
9 | maintains the principal place of residence nor the state in | ||||||
10 | which the public adjuster maintains the principal place of | ||||||
11 | business has a substantially similar law governing public | ||||||
12 | adjusters, the public adjuster may declare another state in | ||||||
13 | which it becomes licensed and acts as a public adjuster to be | ||||||
14 | the home state. | ||||||
15 | "Individual" means a natural person. | ||||||
16 | "Person" means an individual or a business entity. | ||||||
17 | "Public adjuster" means any person who, for compensation | ||||||
18 | or any other thing of value on behalf of the insured: | ||||||
19 | (i) acts or aids, solely in relation to first party | ||||||
20 | claims arising under insurance contracts that insure the | ||||||
21 | real or personal property of the insured, on behalf of an | ||||||
22 | insured in adjusting a claim for loss or damage covered by | ||||||
23 | an insurance contract; | ||||||
24 | (ii) advertises for employment as a public adjuster of | ||||||
25 | insurance claims or solicits business or represents | ||||||
26 | himself or herself to the public as a public adjuster of |
| |||||||
| |||||||
1 | first party insurance claims for losses or damages arising | ||||||
2 | out of policies of insurance that insure real or personal | ||||||
3 | property; or | ||||||
4 | (iii) directly or indirectly solicits business, | ||||||
5 | investigates or adjusts losses, or advises an insured | ||||||
6 | about first party claims for losses or damages arising out | ||||||
7 | of policies of insurance that insure real or personal | ||||||
8 | property for another person engaged in the business of | ||||||
9 | adjusting losses or damages covered by an insurance policy | ||||||
10 | for the insured. | ||||||
11 | "Uniform individual application" means the current version | ||||||
12 | of the National Association of Directors (NAIC) Uniform | ||||||
13 | Individual Application for resident and nonresident | ||||||
14 | individuals. | ||||||
15 | "Uniform business entity application" means the current | ||||||
16 | version of the National Association of Insurance Commissioners | ||||||
17 | (NAIC) Uniform Business Entity Application for resident and | ||||||
18 | nonresident business entities.
| ||||||
19 | "Webinar" means an online educational presentation during | ||||||
20 | which a live and participating instructor and participating | ||||||
21 | viewers, whose attendance is periodically verified throughout | ||||||
22 | the presentation, actively engage in discussion and in the | ||||||
23 | submission and answering of questions. | ||||||
24 | (Source: P.A. 96-1332, eff. 1-1-11.) | ||||||
25 | (215 ILCS 5/1565)
|
| |||||||
| |||||||
1 | Sec. 1565. Continuing education. | ||||||
2 | (a) An individual who holds a public adjuster license and | ||||||
3 | who is not exempt under subsection (b) of this Section shall | ||||||
4 | satisfactorily complete a minimum of 24 hours of continuing | ||||||
5 | education courses, including 3 hours of classroom or webinar | ||||||
6 | ethics instruction, reported on a biennial basis in | ||||||
7 | conjunction with the license renewal cycle. | ||||||
8 | The Director may not approve a course of study unless the | ||||||
9 | course provides for
classroom, seminar, or self-study | ||||||
10 | instruction methods. A course
given in a combination | ||||||
11 | instruction method of classroom or seminar
and self-study | ||||||
12 | shall be deemed to be a self-study course unless the
classroom | ||||||
13 | or seminar certified hours meets or exceeds two-thirds of
the | ||||||
14 | total hours certified for the course. The self-study material | ||||||
15 | used
in the combination course must be directly related to and | ||||||
16 | complement
the classroom portion of the course in order to be | ||||||
17 | considered for
credit. An instruction method other than | ||||||
18 | classroom or seminar shall
be considered as self-study | ||||||
19 | methodology. Self-study credit hours
require the successful | ||||||
20 | completion of an examination covering the
self-study material. | ||||||
21 | The examination may not be self-evaluated.
However, if the | ||||||
22 | self-study material is completed through the use of
an | ||||||
23 | approved computerized interactive format whereby the computer
| ||||||
24 | validates the successful completion of the self-study | ||||||
25 | material, no
additional examination is required. The | ||||||
26 | self-study credit hours
contained in a certified course shall |
| |||||||
| |||||||
1 | be considered classroom hours
when at least two-thirds of the | ||||||
2 | hours are given as classroom or
seminar instruction. | ||||||
3 | The public adjuster must complete the course in advance of | ||||||
4 | the renewal date to
allow the education provider time to | ||||||
5 | report the credit to the
Department. | ||||||
6 | (b) This Section shall not apply to: | ||||||
7 | (1) licensees not licensed for one full year prior to | ||||||
8 | the end of the applicable continuing education biennium; | ||||||
9 | or | ||||||
10 | (2) licensees holding nonresident public adjuster | ||||||
11 | licenses who have met the continuing education | ||||||
12 | requirements of their home state and whose home state | ||||||
13 | gives credit to residents of this State on the same basis. | ||||||
14 | (c) Only continuing education courses approved by the | ||||||
15 | Director shall be used to satisfy the continuing education | ||||||
16 | requirement of subsection (a) of this Section.
| ||||||
17 | (Source: P.A. 96-1332, eff. 1-1-11.)
| ||||||
18 | Section 99. Effective date. This Act takes effect upon | ||||||
19 | becoming law.
|