State RegulationsIL specificDifficulty 1/5
A producer licensed in another state applies for an Illinois nonresident insurance producer license. Under 215 ILCS 5/500-135, what fee applies?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
215 ILCS 5/500-135(a)(1) distinguishes residents from nonresidents: a nonresident producer license costs $380 for the 2-year term. Nonresidents pay a higher amount than Illinois residents pay under the same fee schedule, so a producer licensed in another state who wants Illinois authority must plan for the $380 payment when applying through the Illinois Department of Insurance's electronic process.
Why the other options are wrong
- A) $150 is the fee for a business entity producer license, not a nonresident individual license.
- B) $215 is the resident individual fee under 215 ILCS 5/500-135; it does not apply to a nonresident applicant.
- C) $250 is the superseded pre-increase nonresident figure; the current text of 215 ILCS 5/500-135 sets $380.
Memory hook
Nonresident pays nearly double — $380 to cross the state line.