State RegulationsIL specificDifficulty 1/5
Following the death of a licensed Illinois producer, the Director of Insurance may issue a temporary insurance producer license to a qualified surviving spouse. What is the maximum initial duration of that temporary license under 215 ILCS 5/500-60?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
215 ILCS 5/500-60 authorizes the Director of Insurance to issue a temporary insurance producer license lasting 180 days to a surviving spouse, a personal representative, a business-entity member after the designated individual's death or disability, or the designee of a producer entering active military service. No examination is required, and the license may be renewed for an additional 180 days.
Why the other options are wrong
- A) 90 days is the window Illinois uses for passing both portions of the licensing examination, not the temporary license duration.
- C) A 1-year term overstates the temporary license, which runs 180 days under 215 ILCS 5/500-60.
- D) 2 years is the term of a standard Illinois producer license; a temporary license is limited to 180 days.
Memory hook
Death or deployment: a 180-day bridge license, no exam.