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TITLE 50: INSURANCE
CHAPTER I: DEPARTMENT OF INSURANCE SUBCHAPTER ii: INSURANCE PRODUCERS, LIMITED INSURANCE REPRESENTATIVES AND BUSINESS ENTITIES PART 3119 PRE-LICENSING AND CONTINUING EDUCATION SECTION 3119.20 DEFINITIONS
Section 3119.20� Definitions
For the purposes of this Part, the following definitions shall apply:
Code means the Illinois Insurance Code [215 ILCS 5].
����������� Contact instruction means a course presented in a classroom or seminar format.
����������� Course means any course of study certified to the Director that meets the requirements of this Part, including but not limited to seminar, classroom, and self-study formats.
����������� Date of Original Issue means the date of the issuance of a producer's license.� Any lapse or suspension of 1 year or more shall establish a new date of original issue and subject the person to this Part.
����������� Department means the Department of Insurance.
����������� Director means the Director of the Department of Insurance of the State of Illinois or anyone to whom the Director's responsibilities and authority are lawfully delegated. ����������� Interactive Online means self-study courses only presented on the Internet that do not require a proctored final exam.
Long Term Care Training (LTCT) means prescribed training required by licensed producers prior to the producer being allowed to sell long term care insurance coverage.� This training is required pursuant to 50 Ill. Adm. Code 2012.121 and may satisfy a part of the continuing education requirement if the course is filed with the Department as a continuing education course.
����������� Provider means any person who offers a course for which certification has been received by the Director.
����������� Successful Completion means passing an examination with a score of 70% or above in accordance with criteria established by the provider.
����������� Supervised Examination means a proctored, timed and closed book examination.
(Source:� Amended at 34 Ill. Reg. 5856, effective April 7, 2010) |