Exams / Illinois Life Insurance Producer License / 215 ILCS 5/500-90

215 ILCS 5/500-90 — what it says, and how the exam tests it

This section is cited by 2 of our practice questions and is tested on 5 exams including the Illinois Life Insurance Producer License.

The text

215 ILCS 5/500-90. (Section scheduled to be repealed on January 1, 2027) Sec. 500-90. Reciprocity. (a) The Director shall waive any requirements for a nonresident license applicant with a valid license from his or her home state, except the requirements imposed by Section 500-40 of this Article, if the applicant's home state awards nonresident licenses to residents of this State on the same basis. (b) A nonresident producer's satisfaction of his or her home state's continuing education requirements for licensed insurance producers shall constitute satisfaction of this State's continuing education requirements if the non-resident producer's home state recognizes the satisfaction of its continuing education requirements imposed upon producers from this State on the same basis. (Source: P.A. 92-386, eff. 1-1-02.)

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 500-90, the Director will waive requirements for a nonresident license applicant with a valid home-state license if the home state awards nonresident licenses to Illinois residents on what basis?
    drill Illinois Statutes and Regulations Common to All Lines →
  2. A nonresident producer's home state continuing education requirements will satisfy Illinois requirements under what condition?
    drill Illinois Statutes and Regulations Common to All Lines →

Exams that test this section