Life Insurance License Illinois Requirements
If you have an illinois life insurance license you will need to take 24 hours of insurance ce.
Life insurance license illinois requirements. Pass an illinois insurance licensing exam make an exam reservation. Most education companies offer a package of courses directed specifically to life insurance but if you have to select courses these subjects will satisfy the credit requirements. You will receive a certificate upon completion of the course. Three 3 of those hours must be in the subject of classroom ethics.
Please scan and email a copy of the certificate of completion of the entire federal training provided at the end of the online training course to the illinois department of insurance. Life accident health fire property casualty personal lines fire property and casualty. Examfx offers continuing education courses that will help you comply with your state s requirements. To become an insurance producer you must complete the following requirements.
Each line of authority in illinois requires twenty 20 hours of pre license education. Most insurance licenses must be maintained by completing a certain number of credit hours of continuing education each licensing period. The bond shall be continuous in form and in the amount of 2500 or 5 of the premiums brokered in the previous calendar year whichever is greater. In illinois you must complete 7 5 hours of education per line of insurance in a classroom course.
Group life insurance policies. Surplus lines applicants must hold an insurance producer license with equivalent property and casualty loa in illinois. 7 5 of the 20 hours must be completed in a classroom setting i e. Within one year of completing the course you must pass your illinois insurance license exam.
Illinois insurance continuing education requirements the state of illinois requires that resident individual licensees complete twenty four 24 credit hours of continuing education every two year renewal period. Illinois department of insurance requires proof that the navigator federal training was taken before issuing a navigator license for renewal. An insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must maintain in force while licensed a bond in favor of the people of the state of illinois executed by an authorized surety company and payable to any party injured under the terms of the bond. This means that if you wish to get a property and casualty license you must take forty 40 hours of pre licensing and for life accident and health you must also take forty 40 hours.
These other types of insurance will have their own licensing exams and requirements as made necessary by the state. The only exception is motor vehicle of which 12 5 hours of pre licensing and 5 hours must be in the classroom setting. The course is valid for one year from your date of completion. Complete the pre licensing requirement of 20 hours per line of authority.
Traditional life insurance policies.
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