215 ILCS 5/500-100
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(Section scheduled to be repealed on January 1, 2027)Sec. 500-100. 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; 99-161, eff. 1-1-16.)