215 ILCS 5/155.43
2021 Illinois Compiled Statutes|Chapter 215 - INSURANCE|215 ILCS 5/ - Illinois Insurance Code.|Article IX - Provisions Applicable To All Companies

Sec. 155.43. Misrepresentation of Senior-Specific Certification.(a)  No insurance producer shall use a senior-specific certification or professional designation that indicates or implies in such a way as to mislead a purchaser or prospective purchaser that the insurance producer has a special certification or training in advising or servicing seniors in connection with the solicitation, sale, or purchase of a life insurance or annuity product or in the provision of advice as to the value of or the advisability of purchasing or selling a life insurance or annuity product, either directly or indirectly through publications, writings, or by issuing or promulgating analyses or reports related to a life insurance or annuity product.(b) "Use of senior-specific certifications or professional designations" includes, but is not limited to, all of the following:(1)  Use of a certification or professional     designation by an insurance producer who has not actually earned or is otherwise ineligible to use such certification or designation.(2)  Use of a nonexistent or self-conferred     certification or professional designation.(3)  Use of a certification or professional     designation that indicates or implies a level of occupational qualifications obtained through education, training, or experience that the insurance producer using the certification or designation does not have.(4) Use of a certification or professional     designation that was obtained from a certifying or designating organization that:(i) is primarily engaged in the business of         instruction in sales or marketing;(ii)  does not have reasonable standards or         procedures for assuring the competency of its certificate holders or designees;(iii) does not have reasonable standards or         procedures for monitoring and disciplining its certificate holders or designees for improper or unethical conduct; or(iv) does not have reasonable continuing         education requirements for its certificate holders or designees in order to maintain the certificate or designation.(c)  There is a rebuttable presumption that a certifying or designating organization is not disqualified under this Section if the certification or designation issued from the organization does not primarily apply to sales or marketing and if the organization or the certification or designation in question has been accredited by any of the following entities:(i)  the American National Standards Institute;(ii) the National Commission for Certifying Agencies;     or(iii) any organization included on the list     "Accrediting Agencies Recognized for Title IV Purposes" prepared by the United States Department of Education.(d) In determining whether a combination of words or an acronym standing for a combination of words constitutes a certification or professional designation indicating or implying that a person has a special certification or training in advising or servicing seniors, the Department of Insurance shall consider all of the following:(1) Use of one or more words, such as "senior",     "retirement", "elder", or like words combined with one or more words, such as "certified", "registered", "chartered", "advisor", "specialist", "consultant", "planner", or like words in the name of the certification or professional designation.(2)  The manner in which the words listed in     paragraph (1) of subsection (b) are combined.(e)  For purposes of this Section, a job title within an organization that is licensed or registered by a State or federal financial services regulatory agency is not a certification or professional designation, unless it is used in a manner that would confuse or mislead a reasonable consumer, if the job title indicates seniority or standing within the organization or specifies an individual's area of specialization within the organization.  For purposes of this subsection (e), "financial services regulatory agency" includes, but is not limited to, an agency that regulates insurers, insurance producers, broker-dealers, investment advisers, or investment companies.  (Source: P.A. 97-527, eff. 8-23-11.)