Notice from Illinois Department of Insurance Regarding Best Practices for License Applications
The Illinois Department of Insurance issued a reminder last week regarding how to properly fill out background questions to reduce issues and delays with the application process.
Background questions for insurance producer license and registration applications ask if the applicant has ever been convicted of misdemeanors, felonies, military offenses, or administrative proceedings, including FINRA sanctions or arbitrations regarding any professional or occupational license or registration.
It is important to note that responding incorrectly to any question with a "No" may be of greater concern to the Department than answering honestly with a "Yes" response to any of these questions. The Department will evaluate specific circumstances of any "Yes" answer on a case-by-case basis. The Department also has access to all regulatory actions reported to the NAIC, which is queried and reviewed automatically for every application.
If you have any questions or concerns, please review the bulletin issued by the Illinois Department of Insurance, or contact your company licensing staff or the Department.
Posted: August 24, 2022
All Rights Reserved © 2022 Business Information Group, Inc.
This document and/or presentation is provided as a service to our customers. Its contents are designed solely for informational purposes, and should not be inferred or understood as legal advice or binding case law, nor shared with any third parties. Persons in need of legal assistance should seek the advice of competent legal counsel. Although care has been taken in preparation of these materials, we cannot guarantee the accuracy, currency or completeness of the information contained within it. Anyone using this information does so at his or her own risk.
What our clients are saying
We cannot express enough how much we have enjoyed working with BIG! It has really benefitted our processing and ease of doing business!
I enjoy collaborating with BIG, and know that if I have to reach out with a question/concern, a positive attitude with a willingness to find resolve is on the other side of an email or a phone call.
You have been the most professional and most helpful business partner that I have ever been associated with — always there to assist us and with rapid turnaround times.
I am confident whenever we add a product with your company that I will have a good experience.
We have received superior service and we know this is what you and your team strive for. We are grateful for the dedication, level of professionalism and effort shown.