State statute · Illinois

215 ILCS 5/ Illinois Insurance Code, Article XXXI, selected Secs. 500-15 through 500-120: Insurance Producers

Publisher: Illinois General Assembly
Edition: 215 ILCS 5 Art. XXXI, current official online text, retrieved 2026-09-11
Last checked: 2026-09-11
Status: US state statute

Edition and licensing notes

Publisher. Illinois General Assembly (ilga.gov)

Status. US state statute; public domain.

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What this document is

215 ILCS 5/ Illinois Insurance Code, Article XXXI - Insurance Producers (selected Secs. 500-15 through 500-120) is a state statute published by Illinois General Assembly (ilga.gov). It is one of the Illinois documents that insurance license exam questions are written from, including illinois life & health practice questions. This page summarizes it and points to the official version, which is the text to rely on.

Sections cited in practice questions

Each practice answer shows the exact passage it comes from. These are sections of this document that questions cite, with a short excerpt from the source text.

215 ILCS 5/500-30(c) (Application for License, Business Entity)
“(c) A business entity acting as an insurance producer must obtain an insurance producer license. Application must be made using the Uniform Business Entity Application. Before approving the application, the Director must find that: (1) the business entity has paid the fees set forth in Section...”
215 ILCS 5/500-35(b)(1) (License; continuing education and ethics component)
“Before each license renewal, an insurance producer must satisfactorily complete at least 24 hours of course study or participation in a professional insurance association under paragraph (3) of this subsection in accordance with rules prescribed by the Director. Three of the 24 hours of course...”
215 ILCS 5/500-80(c) (Commissions: renewal and deferred commissions)
“(c) Renewal or other deferred commissions may be paid to a person for selling, soliciting, or negotiating insurance in this State if the person was required to be licensed under this Article at the time of the sale, solicitation, or negotiation and was so licensed at that time.”
215 ILCS 5/500-70(g) (Effect of revocation, suspension, or denial)
“A person whose license is revoked or whose application is denied pursuant to this Section is ineligible to apply for any license for 3 years after the revocation or denial. A person whose license as an insurance producer has been revoked, suspended, or denied may not be employed, contracted, or...”
215 ILCS 5/500-20(a) (Exceptions to Licensing, Insurer Entity)
“(a) Nothing in this Article shall be construed to require an insurer to obtain an insurance producer license. In this Section, the term "insurer" does not include an insurer's officers, directors, employees, subsidiaries, or affiliates.”
215 ILCS 5/500-35(d) (License; lapsed license reinstatement)
“An individual insurance producer who allows his or her license to lapse may, within 12 months after the due date of the renewal fee, be issued a license without the necessity of passing a written examination. However, a penalty in the amount of double the unpaid renewal fee shall be required after the due date.”
215 ILCS 5/500-90(b) (Reciprocity: nonresident continuing education)
“(b) A nonresident producer's satisfaction of his or her home state's continuing education requirements for licensed insurance producers shall constitute satisfaction of this State's continuing education requirements if the non-resident producer's home state recognizes the satisfaction of its...”
215 ILCS 5/500-80(e)(1) (Commissions: separate fee disclosure)
“(1) It must provide written disclosure to the consumer or contracting party that clearly specifies the amount or extent of the compensation or fee prior to the delivery of the corresponding policy. A copy of the written disclosure must be maintained by the producer or business entity that collects...”
215 ILCS 5/500-60(b) (Temporary licensing; limits, sponsorship, and duration)
“The Director may require the temporary licensee to have a suitable sponsor who is a licensed producer or insurer and who assumes responsibility for all acts of the temporary licensee and may impose other similar requirements designed to protect insureds and the public. The Director may by order...”
215 ILCS 5/500-85(c) (Notification of termination; copy to the producer)
“Within 15 days after making the notification required by subsections (a) and (b), the insurer must mail a copy of the notification to the producer at his or her last known address. If the producer is terminated for cause for any of the reasons listed in Section 500-70, the insurer must provide a...”
215 ILCS 5/ § 500-35(b)(3) (License; continuing education, professional association credit)
“An insurance producer's active participation in a State or national professional insurance association may be approved by the Director for up to 4 hours of continuing education credit per biennial reporting period. Credit shall be provided on an hour-for-hour basis. These hours shall be verified...”
215 ILCS 5/ § 500-90(b) (Reciprocity; continuing education)
“A nonresident producer's satisfaction of his or her home state's continuing education requirements for licensed insurance producers shall constitute satisfaction of this State's continuing education requirements if the non-resident producer's home state recognizes the satisfaction of its continuing...”

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