State RegulationsIL specificDifficulty 1/5
Which official holds the authority to suspend or revoke an Illinois insurance producer's license under 215 ILCS 5/500-70?
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Answer & full 3-part explanation (select an option above, or peek)
Why C is correct
Under 215 ILCS 5/500-70, the Director of Insurance holds the administrative authority to deny, suspend, or revoke an Illinois insurance producer's license on the statute's enumerated grounds. Discipline is a function of the Illinois Department of Insurance; no court proceeding is required to begin that administrative action.
Why the other options are wrong
- A) The Governor does not adjudicate producer discipline.
- B) The State Treasurer has no licensing or disciplinary authority over insurance producers.
- D) County judges do not conduct insurance producer discipline; it is an administrative power of the Director of Insurance.
Memory hook
The Director holds the gavel on licenses.