Exam (elaborations)
Illinois Life Producer (State-Specific) questions with 100% correct answers
- Course
- Institution
Illinois Life Producer (State-Specific) questions with 100% correct answers
[Show more]
Content preview
Illinois Life Producer (State-Specific)Cease and Desist order:
Maximum fine each day & Maximum total penalty - correct answer ✔✔$100 per day & $5,000 maximum
The director must examine an insurer once every ___ years - correct answer ✔✔5 years
Maximum fine for Director of Insurance's refusal to submit an examination - correct answer ✔✔$2,000
Companies may request hearings within __ days of receiving an examination report - correct answer
✔✔10 days
Producer may request hearings within __ days upon receipt of a report - correct answer ✔✔14 days
Maximum fine of ___ for violating a written order issued by the director of insurance - correct answer
✔✔$20,000
Applicants must pass both parts of the licensing exam within ___ days - correct answer ✔✔90 days
Change of address must be reported to the director within ___ days - correct answer ✔✔30 days
Nonresident producers must file a change of address within ___ days of moving to another state -
correct answer ✔✔30 days
The director may issue a temporary non-producer license for a maximum of ___ days to a surviving
spouse, business partner, or employee if a producer dies, becomes disabled, or is called to active military
service - correct answer ✔✔180 days
, A temporary producer license may be issued for __ days provided that the applicant is currently enrolled
in a pre-license course - correct answer ✔✔90 days
Minimum age to obtain a producer's license - correct answer ✔✔18 years old
Biennial License fees:
$___ non-resident license - correct answer ✔✔$380 for non-resident license
Pre-Licensing studying requirement:
Hours per line of authority - correct answer ✔✔20 hours
Biennial License fees:
$___ insurance producer's license - correct answer ✔✔$215 for insurance producer
Pre-Licensing studying requirement:
Minimum number of hours in the classroom - correct answer ✔✔7.5 hours
Continuing Education:
Total CE hours required for each two-year licensing period - correct answer ✔✔24 credit hours
Continuing Education:
Includes ___ credit hours of service - correct answer ✔✔3 credit hours
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
81989 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
