State RegulationsIL specificDifficulty 2/5
Under 215 ILCS 5/500-60, to whom may the Director of Insurance issue a temporary insurance producer license?
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Answer & full 3-part explanation (select an option above, or peek)
Why B is correct
215 ILCS 5/500-60 confines temporary insurance producer licenses to specified situations: a surviving spouse or personal representative after a producer's death, a business-entity member or employee after the designated individual's death or disability, and the designee of a producer entering active military service. The temporary license is issued without an examination so the covered business can be serviced during the transition.
Why the other options are wrong
- A) The temporary license exists precisely for situations where no examination is required; a high exam score is not an eligibility category.
- C) An insurer's business preference does not create eligibility; 215 ILCS 5/500-60 limits issuance to death, disability, and military-service situations.
- D) An out-of-state producer seeking to sell in Illinois applies for a nonresident license under 215 ILCS 5/500-40, not a temporary license.
Memory hook
Death, disability, or deployment — those are the only doors to a temporary license.