§ 500-135

(Section scheduled to be repealed on January 1, 2027) Sec. 500-135. Fees. (a) The fees required by this Article are as follows: (1) a fee of $215 for a person who is a resident of Illinois, and $380 for a person who is not a resident of Illinois, payable once every 2 years for an insurance producer license; (2) a fee of $50 for the issuance of a temporary insurance producer license; (3) a fee of $150 payable once every 2 years for a business entity; (4) an annual $50 fee for a limited line producer license issued under items (1) through (8) of subsection (a) of Section 500-100; (5) a $50 application fee for the processing of a request to take the written examination for an insurance producer license; (6) an annual registration fee of $1,000 for registration of an education provider; (7) a certification fee of $50 for each certified pre-licensing or continuing education course and an annual fee of $20 for renewing the certification of each such course; (8) a fee of $215 for a person who is a resident of Illinois, and $380 for a person who is not a resident of Illinois, payable once every 2 years for a car rental limited line license; (9) a fee of $200 payable once every 2 years for a limited lines license other than the licenses issued under items (1) through (8) of subsection (a) of Section 500-100, a car rental limited line license, or a self-service storage facility limited line license; (10) a fee of $50 payable once every 2 years for a self-service storage facility limited line license. (a-5) The Department shall annually transfer an amount equal to the additional amount of revenue collected under paragraphs (1) and (8) of subsection (a) as a result of the increase in the fees under Public Act 102-16 from the Insurance Producer Administration Fund to the designated funds as follows: (1) Through June 30, 2025, 10% into the State Police Law Enforcement Administration Fund and 90% into the Law Enforcement Training Fund; and (2) Beginning July 1, 2025, 10% into the State Police Law Enforcement Administration Fund, 10% into the State Police Vehicle Fund, and 80% into the Law Enforcement Training Fund. (b) Except as otherwise provided, all fees paid to and collected by the Director under this Section shall be paid promptly after receipt thereof, together with a detailed statement of such fees, into a special fund in the State Treasury to be known as the Insurance Producer Administration Fund. The moneys deposited into the Insurance Producer Administration Fund may be used only for payment of the expenses of the Department in the execution, administration, and enforcement of the insurance laws of this State, and shall be appropriated as otherwise provided by law for the payment of those expenses with first priority being any expenses incident to or associated with the administration and enforcement of this Article.

Legislative History

(Source: P.A. 103-609, eff. 7-1-24; 104-2, eff. 6-16-25.)