Under 215 ILCS 5/500-15, a person in Illinois may not do which of the following unless licensed for that line of authority?
A. Purchase a life insurance policy for personal use
B. Sell, solicit, or negotiate insurance
C. Receive a life insurance death benefit as a named beneficiary
D. Serve as a witness to a policy application signature
Source: 215 ILCS 5/500-15 — license required to act as insurance producer; https://www.ilga.gov/legislation/ilcs/documents/021500050K500-15.htm
Under 215 ILCS 5/500-15, an individual who knowingly sells, solicits, or negotiates insurance in Illinois without the required license is guilty of what offense?
A. A petty offense punishable only by a warning letter
B. A Class A misdemeanor
C. A Class 4 felony in every instance
D. A civil infraction with no criminal exposure
Source: 215 ILCS 5/500-15 — license required to act as insurance producer; https://www.ilga.gov/legislation/ilcs/documents/021500050K500-15.htm
Under 215 ILCS 5/500-15, if an unlicensed individual sells insurance in Illinois and also misappropriates or converts premium money collected in the process, what is the resulting offense?
A. A Class 4 felony
B. A Class A misdemeanor only
C. A simple contract breach with no criminal charge
D. An automatic civil penalty capped at $500
Source: 215 ILCS 5/500-15 — license required to act as insurance producer; https://www.ilga.gov/legislation/ilcs/documents/021500050K500-15.htm
For the Life (Class 1(a)) line of authority, how many total hours of prelicensing education does Illinois require before an applicant may sit for the state licensing exam?
A. 10 hours
B. 20 hours
C. 40 hours
D. 12.5 hours
Source: 215 ILCS 5/500-30; 50 Ill. Adm. Code 3119 — prelicensing education; https://www.ilga.gov/Commission/jcar/admincode/JCARTitlePart.asp?Title=050&Part=3119
Of the 20 hours of prelicensing education required for the Life line of authority in Illinois, what is the minimum number of hours that must be completed in a classroom setting?
A. 20 hours (the entire course)
B. 5 hours
C. 7.5 hours
D. 0 hours — classroom attendance is optional
Source: 215 ILCS 5/500-30; 50 Ill. Adm. Code 3119 — prelicensing education; https://www.ilga.gov/Commission/jcar/admincode/JCARTitlePart.asp?Title=050&Part=3119
