IL | The Illinois Department of Insurance has issued Company Bulletin 2021-06.
The Department urges all producers with temporary licenses, especially those that are more than 90 days old, to move forward with the permanent license application. In response to COVID-19, the Department worked with the Governor’s Office and the Department of Public Health to issue Executive Order 2020- 29, on April 20, 2020.
EO 2020-29 includes the following provisions:
- The requirements for hours of classroom courses for insurance producer and public adjuster licensing set forth in 215 ILCS 5/500-30(a)(3) and (b), and 5/1565(a), and accompanying regulations at 50 Ill. Adm. Code 3119.50(b) and 3118.65(a), are suspended to the extent necessary to permit required hours of coursework to be completed via webinar or other approved distance learning.
- The limitation on temporary insurance producer licenses issued pursuant to 215 ILCS 5/500-65 to 90 days is suspended for the duration of the Gubernatorial Disaster Proclamations. Such licenses that have expired or are set to expire during the period of the Gubernatorial Disaster Proclamations shall be extended for the duration of the Gubernatorial Disaster Proclamations.
- The requirement set forth in 215 ILCS 5/500-25(a) that both parts of the two-part producer examination must be passed within 90 days of each other, is suspended for the duration of the Gubernatorial Disaster Proclamations.