Property and Casualty Illinois practice exam Questions and Answers (Solved Papers) The head of the Illinois Department of Insurance is the - Correct Answers ✅Insurance Director An Insurance Producer who violates a cease and desist order issued by the head of the insurance department may have his license suspended or revoked and be fined a maximum penalty of - Correct Answers ✅$5,000 Which of the following is NOT included in the general powers of the insurance director? - Correct Answers ✅Developing and writing insurance education courses What is the daily fine that may be assessed against a person who disobeys a cease and desist order of the insurance director - Correct Answers ✅$100 The director will conduct examinations of companies not less frequently than every - Correct Answers ✅5 years a licensed insurance producer, limited lines producer, or temporary insurance producer who is convicted of a felony must report the conviction to the insurance director within how many days of the judgments entry date - Correct Answers ✅30 1 / 2
Property and Casualty Illinois practice exam Questions and Answers (Solved Papers) What is the minimum number of prelicensing study hours required for a producer's license in casualty insurance - Correct Answers ✅20 hours An insurance producer must complete how many hours of continuing education in each compliance period? - Correct Answers ✅24 hours The fine for engaging in unfair trade practice after being issued a cease and desist order is - Correct Answers ✅$1,000 per violation The Illinois producer exam consists of two parts, which must be passed within how many days of each other - Correct Answers ✅90 days A business entity acting as an insurance producer must obtain what kind of license? - Correct Answers ✅Insurance producer license An applicant for an insurance producer's license may be granted a temporary insurance producer's license that normally expires after how many days? - Correct Answers ✅90 days
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