Public Act 099-0161
 
HB4015 EnrolledLRB099 07126 MLM 27213 b

    AN ACT concerning regulation.
 
    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 Section 500-100 as follows:
 
    (215 ILCS 5/500-100)
    (Text of Section before amendment by P.A. 98-1165)
    (Section scheduled to be repealed on January 1, 2017)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 he or she 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.
    (g-5) A business entity may be issued a limited lines
producer license for credit life and credit accident and health
insurance and other credit insurance policies approved or
permitted by the Director, provided that:
        (1) application for the limited lines producer license
    for credit insurance is made on a form specified by the
    Director;
        (2) the appointing insurance company has paid the
    application fee amount required by the Director for the
    business entity's application; and
        (3) the business entity has designated an individual
    with an in force limited license producer license issued
    under paragraph (8) of subsection (a) of this Section to be
    responsible for the business entity's compliance with the
    insurance laws and regulations of this State related to
    credit life and credit accident and health insurance and
    other credit insurance policies approved or permitted by
    the Director that are offered or sold by that business
    entity.
    Except as specifically authorized by paragraph (8) of
subsection (a) of this Section or this subsection (g-5), a
business entity holding a limited lines license under this
subsection (g-5) may not advertise, represent, or otherwise
hold itself or any of its employees out as licensed insurers,
insurance producers, insurance agents, or insurance brokers.
    (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. 98-159, eff. 8-2-13; 98-756, eff. 7-16-14.)
 
    (Text of Section after amendment by P.A. 98-1165)
    (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) travel insurance, as defined in Section 500-10 of
    this Article;
        (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 he or she 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.
    (g-5) A business entity may be issued a limited lines
producer license for credit life and credit accident and health
insurance and other credit insurance policies approved or
permitted by the Director, provided that:
        (1) application for the limited lines producer license
    for credit insurance is made on a form specified by the
    Director;
        (2) the appointing insurance company has paid the
    application fee amount required by the Director for the
    business entity's application; and
        (3) the business entity has designated an individual
    with an in force limited license producer license issued
    under paragraph (8) of subsection (a) of this Section to be
    responsible for the business entity's compliance with the
    insurance laws and regulations of this State related to
    credit life and credit accident and health insurance and
    other credit insurance policies approved or permitted by
    the Director that are offered or sold by that business
    entity.
    Except as specifically authorized by paragraph (8) of
subsection (a) of this Section or this subsection (g-5), a
business entity holding a limited lines license under this
subsection (g-5) may not advertise, represent, or otherwise
hold itself or any of its employees out as licensed insurers,
insurance producers, insurance agents, or insurance brokers.
    (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. 98-159, eff. 8-2-13; 98-756, eff. 7-16-14;
98-1165, eff. 6-1-15.)
 
    Section 95. No acceleration or delay. Where this Act makes
changes in a statute that is represented in this Act by text
that is not yet or no longer in effect (for example, a Section
represented by multiple versions), the use of that text does
not accelerate or delay the taking effect of (i) the changes
made by this Act or (ii) provisions derived from any other
Public Act.

Effective Date: 1/1/2016