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Ad banker IL practice question

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When a Cease and Desist Order is served, the Director must issue notice that a hearing is to be held - ANSWERSwithin 20-30 days Any person violating a Cease and Desist Order or Circuit Court order must pay a fine ------------> The license or Certificate of Authority of a producer or insurer m...

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Ad banker IL practice question

When a Cease and Desist Order is served, the Director must issue notice that a hearing
is to be held - ANSWERSwithin 20-30 days

Any person violating a Cease and Desist Order or Circuit Court order must pay a fine
------------> The license or Certificate of Authority of a producer or insurer may also be
revoked. - ANSWERS$100/day up to a total of $5,000

Any person violating a Cease and Desist Order pertaining to an Unfair Trade Practice
may be fined up to - ANSWERS$1,000 per violation

The Director must disclose an examination report of the contents and findings to the
examinee before making the report public. The examinee must be given - ANSWERS10
days to request a hearing from the Director in writing, including a statement of its
objections.

If a hearing is granted, the Director must give the examinee - ANSWERSat least 10
days ' notice before the date of the hearing. The notice must include the subject of
inquiry and the specific charges.

Within _____ days after the report is filed or the hearing is held, the Director must issue
a written order based upon the examination report - ANSWERS90

If the examination reveals the company is violating any law, regulation, or prior order,
the Director may require the company or person to take any action considered
necessary or appropriate based on the examination or hearing. Any person who violates
a written order is guilty of a business offense and may be fined - ANSWERSnot more
than $5000

When conducting an examination, investigation or hearing, the Director has the power
to compel attendance by subpoena, administer oaths, examine under oath any person
in connection with the conduct or affairs of a company being investigated, and require
the production of any books, records, or papers relevant to the inquiry. Any person who
fails to obey a subpoena or refuses to testify or cooperate will be required to pay a
penalty of - ANSWERSnot more than $2000

If a report is made alleging substantive violations, it must be in writing and be based on
facts. The Director must deliver a duplicate of the report in-person or send by certified or

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