215 ILCS 5/500-10
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article XXXI - Insurance Producers, Limited Insurance Representatives And Registered Firms

(Section scheduled to be repealed on January 1, 2027)Sec. 500-10. Definitions. In addition to the definitions in Section 2 of  the  Code, the following  definitions apply to this Article:"Business entity" means a corporation, association, partnership, limited  liability  company, limited liability partnership, or other legal entity."Car rental limited line licensee" means a person authorized under the  provisions of  Section 500-105 to sell certain coverages relating to the rental of vehicles."Home state" means the District of Columbia and any state or territory of the  United  States in which an insurance producer maintains his or her principal place of  residence or  principal place of business and is licensed to act as an insurance producer."Insurance" means any of the lines of authority in Section 500-35, any health  care plan  under the Health Maintenance Organization Act, or any limited health care plan  under the  Limited Health Service Organization Act."Insurance producer" means a person required to be licensed under the laws of  this State  to sell, solicit, or negotiate insurance."Insurer" means a company as defined in subsection (e) of Section 2 of this  Code, a  health maintenance organization as defined in the Health Maintenance  Organization Act, or a  limited health service organization as defined in the Limited Health  Service Organization Act."License" means a document issued by the Director authorizing an individual  to act as an  insurance producer for the lines of authority specified in the document or  authorizing a business  entity to act as an insurance producer.  The license itself does not create any  authority, actual,  apparent, or inherent, in the holder to represent or commit  an insurance carrier."Limited lines insurance" means those lines of insurance defined in Section  500-100 or  any other line of insurance that the Director may deem it necessary to  recognize for the purposes  of complying with subsection (e) of Section 500-40."Limited lines producer" means a person authorized by the Director to sell,  solicit, or  negotiate limited lines insurance."Negotiate" means the act of conferring directly with or offering advice  directly to a  purchaser or prospective purchaser of a particular contract of insurance  concerning any  of the substantive benefits, terms, or conditions of the contract, provided  that the person  engaged in that act either sells insurance or obtains insurance from  insurers for purchasers."Person" means an individual or a business entity."Rental agreement" means a written agreement setting forth the terms and  conditions  governing the use of a vehicle provided by a rental company for  rental or lease."Rental company" means a person, or a franchisee of the person, in the  business of  providing primarily private passenger vehicles to the public under a  rental agreement for a period  not to exceed 30 days."Rental period" means the term of the rental agreement."Renter" means a person obtaining the use of a vehicle from a  rental company under the  terms of a rental agreement for a period not to exceed 30 days."Self-service storage facility limited line licensee" means a person  authorized under the provisions of Section 500-107 to sell certain coverages  relating to the rental of self-service storage facilities."Sell" means to exchange a contract of insurance by any means, for  money or its equivalent, on  behalf of an insurance company."Solicit" means attempting to  sell insurance or asking or urging a person to apply for a  particular kind of insurance from a particular company."Terminate" means the cancellation of the relationship between an insurance  producer and the  insurer or the termination of a producer's authority to transact insurance."Travel insurance" has the meaning provided in Section 1630."Uniform Business Entity Application" means the current version of the  National Association of Insurance Commissioners' Uniform  Business Entity Application for nonresident business entities."Uniform Application" means the current version of the National Association  of Insurance Commissioners' Uniform  Application for  nonresident producer licensing."Vehicle" or "rental vehicle" means a motor vehicle of (1) the private  passenger  type, including passenger vans, mini vans, and sport utility vehicles or (2)  the cargo type,  including cargo vans, pickup trucks, and trucks with a gross vehicle  weight of less than  26,000 pounds the operation of which does not require the operator to possess a  commercial  driver's license."Webinar" means an online educational presentation during which a live and participating instructor and participating viewers, whose attendance is periodically verified throughout the presentation, actively engage in discussion and in the submission and answering of questions. (Source: P.A. 102-212, eff. 10-28-21.)