215 ILCS 5/500-35 — what it says, and how the exam tests it

215 ILCS 5/500-35. (Section scheduled to be repealed on January 1, 2027) Sec. 500-35. License. (a) Unless denied a license pursuant to Section 500-70, persons who have met the requirements of Sections 500-25 and 500-30 shall be issued a 2-year insurance producer license. An insurance producer may receive qualification for a license in one or more of the following lines of authority: (1) Life: insurance coverage on human lives including benefits of endowment and annuities, and may include benefits in the event of death or dismemberment by accident and benefits for disability income. (2) Variable life and variable annuity products: insurance coverage provided under variable life insurance contracts and variable annuities. (3) Accident and health or sickness: insurance coverage for sickness, bodily injury, or accidental death and may include benefits for disability income. (4) Property: insurance coverage for the direct or consequential loss or damage to property of every kind. (5) Casualty: insurance coverage against legal liability, including that for death, injury, or disability or damage to real or personal property. (6) Personal lines: property and casualty insurance coverage sold to individuals and families for primarily noncommercial purposes. (7) Any other line of insurance permitted under State laws or rules. (b) An insurance producer license shall remain in effect unless revoked or suspended as long as the fee set forth in Section 500-135 is paid and education requirements for resident individual producers are met by the due date. (1) Before each license renewal, an insurance producer must satisfactorily complete at least 24 hours of course study or participation in a professional insurance association under paragraph (3) of this subsection in accordance with rules prescribed by the Director. Three of the 24 hours of course study must consist of classroom or webinar ethics instruction. The Director may not approve a course of study unless the course provides for classroom, seminar, webinar, or self-study instruction methods. A course given in a combination instruction method of classroom, seminar, webinar, or self-study shall be deemed to be a self-study course unless the number of classroom, seminar, or webinar certified hours meets or exceeds two-thirds of total hours certified for the course. The self-study material used in the combination course…