Exams / Illinois Life Insurance Producer License / 215 ILCS 5/401.5

215 ILCS 5/401.5 — what it says, and how the exam tests it

This section is cited by 3 of our practice questions and is tested on 5 exams including the Illinois Life Insurance Producer License.

The text

215 ILCS 5/401.5. Sec. 401.5. Investigation of insurance law violations. (a) If the Director of Insurance has cause to believe that a person has engaged in, or is engaging in, an act, activity, or practice that constitutes a business offense, misdemeanor, or felony violation of the Illinois Insurance Code or related insurance laws, he or she shall designate appropriate investigators or agents to investigate the violations. For purposes of carrying out investigations under this Section, the Department of Insurance is deemed a criminal justice agency under all federal and State laws and regulations, and as such shall have access to any information that concerns or relates to a violation of the Illinois Insurance Code or related insurance laws and that is available to criminal justice agencies. (b) The Director of Insurance may transmit or receive written or oral information relating to possible violations of the insurance laws of this State received by or from any other criminal justice agencies, whether federal, State, or local, if, in the opinion of the Director, the transmittal is appropriate and may further the effective prevention of criminal activities. (c) The Department of Insurance's papers, documents, reports, or evidence relevant to the subject of an investigation under this Section is not subject to public inspection for so long as the Department deems reasonably necessary to complete the investigation, to protect the person investigated from unwarranted injury, or to be in the public interest. Further, the papers, documents, reports, or evidence relevant to the subject of an investigation under this Section is not subject to subpoena until opened for public inspection by the Department, unless the Department consents, or until, after notice to the Department and a hearing, the court determines the Department would not be unnecessarily hindered by the subpoena. No officer, agent, or employee of the Department is subject to subpoena in civil actions by a court of this State to testify concerning a matter of which they have knowledge under a pending insurance fraud investigation by the Department. (d) No insurer, or employees or agents of an insurer, are subject to civil liability for libel or otherwise by virtue of furnishing information required by the insurance laws of this State or required by the Department of Insurance as a result of its…

Public record. Read the full, current section at the official source: www.ilga.gov

How it comes up on the exam

Practice questions written from this section — answers and explanations are in the drill.

  1. Under Section 401.5 of the Illinois Insurance Code, for the Department of Insurance to be deemed a criminal justice agency, what must the Director first have cause to believe?
    drill Illinois Statutes and Regulations Common to All Lines →
  2. Under Section 401.5 of the Illinois Insurance Code, an insurer or its employees who furnish information required by the Department's investigation are protected from which of the following?
    drill Illinois Statutes and Regulations Common to All Lines →
  3. Under Section 401.5 of the Illinois Insurance Code, the Department of Insurance's investigative papers and documents are NOT subject to public inspection for how long?
    drill Illinois Statutes and Regulations Common to All Lines →

Exams that test this section