il-v50i40-50-ill-adm-code-3121: 50 Ill. Adm. Code 3121 — Producer Licensing

1) Heading of the Part: Producer Licensing 2) Code Citation: 50 Ill. Adm. Code 3121 3) Section Number: Proposed Action: 3121.30 Amendment 4) Statutory Authority: Implementing Sections 500-10 through 500-155 and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5]. 5) A Complete Description of the Subjects and Issues Involved: This rulemaking is filed pursuant to Section 5-15 of the Illinois Administrative Procedure Act and is only changing the address of the Department's Springfield Office to reflect the fact that the office is moving on September 23, 2026. Section 5-15 of the Illinois Administrative Procedure Act requires agencies to include a statement of how the proposed rule made under this Section satisfies the criteria established by subsections (a) and (b). The Department's address is used by the public to obtain information from the Department and/or make submissions or requests of the Department. These members of the public may include insurance companies, persons licensed by the Department, and Illinois insurance consumers. The address provided in the rules should be accurate, otherwise such persons may go to or send correspondence to the wrong address. The decision to relocate the Springfield office was an internal management decision. The private rights of individuals are not affected by Department rules containing the accurate address, although having the incorrect address in rule will cause unnecessary confusion and delay for people seeking information from and/or making submissions to the Department in person or via mail. It is in the public interest to have the Department's office address published in the Illinois Administrative Code be correct. 6) Published studies or reports, and sources of underlying data, used to compose this rulemaking: Not required for Section 5-15 notices. 7) Will this proposed rulemaking replace an emergency rule currently in effect? Not required for Section 5-15 notices. 8) Does this rulemaking contain an automatic repeal date? Not required for Section 5-15 notices. 9) Does this proposed amendment contain incorporations by reference? Not required for Section 5-15 notices. 10) Are there any other proposed rulemakings pending on this Part? No 11) Statement of Statewide Policy Objectives: Not required for Section 5-15 notices. 12) Time, Place, and Manner in which interested persons may comment on this proposed rulemaking: Persons who wish to comment on this proposed rulemaking may submit written comments no later than 14 days after the publication of this Notice to: Kathryn Williams Department of Insurance th 115 S. LaSalle Street, 13 Floor Chicago IL 60603 (312) 814-8212 Kathryn.A.Williams@illinois.gov 13) Initial Regulatory Flexibility Analysis: Not required for Section 5-15 notices. A) Description of the type of small business, not for profit corporations or small municipalities subject to the proposed amendment: None B) Description of the proposed reporting, bookkeeping and other procedures required for compliance with the amendment: None C) Description of the types of professional skills necessary for compliance: None 14) Small Business Economic Impact Analysis: Not required for Section 5-15 notices. 15) Regulatory Agenda on which this rulemaking was summarized: Not required for Section 5-15 notices. 16) Any other information or justification for the proposed rule or amendment that the agency believes would be helpful to the public regarding the proposed rule or amendment. For example, a discussion or analysis of the benefits of the proposed rule or amendment is projected to have on the Illinois public, consumers, investors or other similar groups. Not required for Section 5-15 notices. The full text of the Proposed Amendment begins on the next page: DEPARTMENT OF INSURANCE NOTICE OF PROPOSED AMENDMENT TITLE 50: INSURANCE CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND BUSINESS ENTITIES PART 3121 PRODUCER LICENSING Section 3121.10 Purpose 3121.20 Definitions 3121.30 Insurance Producer 3121.40 Business Entity Producer 3121.50 Severability AUTHORITY: Implementing Sections 500-10 through 500-155 and authorized by Section 401 of the Illinois Insurance Code [215 ILCS 5]. SOURCE: Adopted at 39 Ill. Reg. 8288, effective May 26, 2015; amended at 43 Ill. Reg. 409, effective December 21, 2018; amended at 50 Ill. Reg. ______, effective ____________. Section 3121.30 Insurance Producer a) A first time applicant for an insurance producer license will receive a prorated fee for the initial insurance license so that the license's biennial expiration date can be set for the applicant's birth month. This date shall be no less than 18 months and no more than 29 months after the date of issuance. b) All individual applicants must allow five business days for the Department to receive and distribute reported pre-licensing and continuing education documentation before an applicant can apply or renew a license with the Department. c) Applicants must provide an email address on their insurance producer applications and notify the Director, through U.S. mail sent to the Department of Insurance, Licensing Unit, 4800 Wabash Ave.320 West Washington Street, Springfield, Illinois 6271162767 and/or through contacting NIPR.com, of a change of email address within 30 days after the change. DEPARTMENT OF INSURANCE NOTICE OF PROPOSED AMENDMENT (Source: Amended at 50 Ill. Reg. ______, effective ____________)