Section 215 ILCS 5/500-100 - [Section Scheduled to be Repealed 1/1/2027] Limited lines producer license(a) An individual who is at least 18 years of age and whom the Director considers to be competent, trustworthy, and of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.Amended by P.A. 099-0161,§ 5, eff. 1/1/2016.Amended by P.A. 098-1165,§ 5, eff. 6/1/2015.Amended by P.A. 098-0756,§ 340, eff. 7/16/2014.Amended by P.A. 098-0159,§ 5, eff. 8/2/2013.