Full Text of HB4379 95th General Assembly
HB4379 95TH GENERAL ASSEMBLY
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95TH GENERAL ASSEMBLY
State of Illinois
2007 and 2008 HB4379
Introduced , by Rep. Marlow H. Colvin SYNOPSIS AS INTRODUCED: |
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Amends the Illinois Insurance Code. Provides that the Department of Insurance shall not use a licensed insurance producer's social security number as the insurance producer's personal identification number. Effective January 1, 2009.
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A BILL FOR
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HB4379 |
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LRB095 14317 KBJ 40206 b |
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| AN ACT concerning insurance.
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| Be it enacted by the People of the State of Illinois,
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| represented in the General Assembly:
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| Section 5. The Illinois Insurance Code is amended by | 5 |
| changing Section 500-35 as follows:
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| (215 ILCS 5/500-35)
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| Sec. 500-35. License.
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| (a) Unless denied a license pursuant to Section 500-70, | 9 |
| persons who have met
the
requirements of Sections 500-25 and | 10 |
| 500-30 shall be issued a 2-year insurance
producer license.
An | 11 |
| insurance producer may receive qualification for a license in | 12 |
| one or more of
the following
lines of authority:
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| (1) Life: insurance coverage on human lives including | 14 |
| benefits of
endowment
and annuities, and may include | 15 |
| benefits in the event of death or dismemberment
by
accident | 16 |
| and benefits for disability income.
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| (2) Variable life and variable annuity products: | 18 |
| insurance coverage
provided
under variable life insurance | 19 |
| contracts and variable annuities.
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| (3) Accident and health or sickness: insurance | 21 |
| coverage for sickness,
bodily
injury, or accidental death | 22 |
| and may include benefits for disability income.
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| (4) Property: insurance coverage for the direct or |
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HB4379 |
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LRB095 14317 KBJ 40206 b |
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| consequential loss or
damage to property of every kind.
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| (5) Casualty: insurance coverage against legal | 3 |
| liability, including that
for
death, injury, or disability | 4 |
| or damage to real or personal property.
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| (6) Personal lines: property and casualty insurance | 6 |
| coverage sold to
individuals and families for primarily | 7 |
| noncommercial purposes.
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| (7) Any other line of insurance permitted under State | 9 |
| laws or rules.
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| (b) An insurance producer license shall remain in effect | 11 |
| unless revoked or
suspended
as long as the fee set forth in | 12 |
| Section 500-135 is paid and education
requirements for resident
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| individual producers are met by the due date.
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| (1) Before each license renewal, an insurance producer | 15 |
| must satisfactorily
complete at least 30 hours of course | 16 |
| study in accordance with rules prescribed
by the
Director. | 17 |
| The Director may not approve a course of study unless the | 18 |
| course
provides for
classroom, seminar, or self-study | 19 |
| instruction methods. A course given in a
combination
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| instruction method of classroom or seminar and self-study | 21 |
| shall be deemed to
be a self-study course unless the | 22 |
| classroom or seminar certified hours meets
or exceeds | 23 |
| two-thirds
of total hours certified for the course. The | 24 |
| self-study material used in the
combination
course must be | 25 |
| directly related to and complement the classroom portion of | 26 |
| the
course in
order to be considered for credit. An |
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HB4379 |
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LRB095 14317 KBJ 40206 b |
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| instruction method other than classroom
or seminar
shall be | 2 |
| considered as self-study methodology. Self-study credit | 3 |
| hours
require the
successful completion of an examination | 4 |
| covering the self-study material. The
examination may not | 5 |
| be self-evaluated. However, if the self-study material is
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| completed
through the use of an approved computerized | 7 |
| interactive format whereby the
computer
validates the | 8 |
| successful completion of the self-study material, no | 9 |
| additional
examination
is required. The self-study credit | 10 |
| hours contained in a certified course shall
be considered
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| classroom hours when at least two-thirds of the hours are | 12 |
| given as classroom or
seminar
instruction.
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| (2) An insurance producer license automatically | 14 |
| terminates when an
insurance
producer fails to | 15 |
| successfully meet the requirements of item (1) of | 16 |
| subsection
(b) of this
Section. The producer must complete | 17 |
| the course in advance of the renewal date
to allow
the | 18 |
| education provider time to report the credit to the | 19 |
| Department.
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| (c) A provider of a pre-licensing or continuing education | 21 |
| course required
by Section
500-30 and this Section must pay a | 22 |
| registration fee and a course certification
fee for each course
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| being certified as provided by Section 500-135.
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| (d) An individual insurance producer who allows his or her | 25 |
| license to lapse
may,
within 12 months after the due date of | 26 |
| the renewal fee, be issued a license
without the necessity
of |
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HB4379 |
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LRB095 14317 KBJ 40206 b |
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| passing a written examination. However, a penalty in the amount | 2 |
| of double
the unpaid renewal
fee shall be required after the | 3 |
| due date.
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| (e) A licensed insurance producer who is unable to comply | 5 |
| with license
renewal
procedures due to military service may | 6 |
| request a waiver of those procedures.
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| (f) The license must contain the licensee's name, address, | 8 |
| and personal
identification
number, the date of issuance, the | 9 |
| lines of authority, the expiration date, and
any other
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| information the Director deems necessary. The Department shall | 11 |
| not use the licensee's social security number as the licensee's | 12 |
| personal identification number.
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| (g) Licensees must inform the Director by any means | 14 |
| acceptable to the
Director of a
change of address within 30 | 15 |
| days after the change.
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| (h) In order to assist in the performance of the Director's | 17 |
| duties, the
Director may
contract with a non-governmental | 18 |
| entity including the National Association of
Insurance
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| Commissioners (NAIC), or any affiliates or subsidiaries that | 20 |
| the NAIC oversees,
to perform any
ministerial functions, | 21 |
| including collection of fees, related to producer
licensing | 22 |
| that the Director
and the non-governmental entity may deem | 23 |
| appropriate.
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| (Source: P.A. 92-386, eff. 1-1-02.)
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| Section 99. Effective date. This Act takes effect January | 26 |
| 1, 2009.
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