Property/Casualty Illinois for State Exam | Certified
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What is the daily fine that may be assessed against a
person who disobeys a cease and desist order of the
insurance director - Answer-$100
The director will conduct examinations of companies not
less frequently than every - Answer-5 years
a licensed insurance producer, limited lines producer, or
temporary insurance producer who is convicted of a felony
must report the conviction to the insurance director within
how many days of the judgments entry date - Answer-30
What is the minimum number of prelicensing study hours
required for a producer's license in casualty insurance -
Answer-20 hours
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An insurance producer must complete how many hours of
continuing education in each compliance period? -
Answer-24 hours
The fine for engaging in unfair trade practice after being
issued a cease and desist order is - Answer-$1,000 per
violation
The head of the Illinois Department of Insurance is the -
Answer-Insurance Director
An Insurance Producer who violates a cease and desist
order issued by the head of the insurance department may
have his license suspended or revoked and be fined a
maximum penalty of - Answer-$5,000
Which of the following is NOT included in the general
powers of the insurance director? - Answer-Developing
and writing insurance education courses
The Illinois producer exam consists of two parts, which
must be passed within how many days of each other -
Answer-90 days
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A business entity acting as an insurance producer must
obtain what kind of license? - Answer-Insurance producer
license
An applicant for an insurance producer's license may be
granted a temporary insurance producer's license that
normally expires after how many days? - Answer-90 days
In the case of a deceased licensed insurance producer,
the director may extend a temporary insurance producer
license to the administer or executor for a period not to
exceed a total of how many days? - Answer-180 days
As established by law, the fee for an insurance producer's
license is - Answer-$180 every two years
The law requires that a licensed insurance producer
advise the insurance director in writing of a change in his
or her residential address within how many days of such a
change? - Answer-30 days
All of the following are grounds for license suspension or
recovation except? - Answer-conviction of a misdemeanor