Illinois Compiled Statutes 215 ILCS 5/500-15 – License required
Current as of: 2024 | Check for updates
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(a) A person may not sell, solicit, or negotiate insurance in this State for any class or classes of insurance unless the person is licensed for that line of authority in accordance with this Article.
(b) A person may not, for a fee, engage in the business of offering any advice, counsel, opinion, or service with respect to the benefits, advantages, or disadvantages under any policy of insurance that could be issued in Illinois, unless that person is:
For details, see § Ill. Comp. Stat. 730 ILCS 5/5-4.5-55
(1) engaged or employed as an attorney licensed to
(b) A person may not, for a fee, engage in the business of offering any advice, counsel, opinion, or service with respect to the benefits, advantages, or disadvantages under any policy of insurance that could be issued in Illinois, unless that person is:
Attorney's Note
Under the Illinois Statutes, punishments for crimes depend on the classification. In the case of this section:| Class | Prison | Fine |
|---|---|---|
| Class A misdemeanor | up to 1 year | up to $2,500 |
Terms Used In Illinois Compiled Statutes 215 ILCS 5/500-15
- individual: shall include every infant member of the species homo sapiens who is born alive at any stage of development. See Illinois Compiled Statutes 5 ILCS 70/1.36
- State: when applied to different parts of the United States, may be construed to include the District of Columbia and the several territories, and the words "United States" may be construed to include the said district and territories. See Illinois Compiled Statutes 5 ILCS 70/1.14
(1) engaged or employed as an attorney licensed to
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practice law and performing duties incidental to that position;
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(2) a licensed insurance producer, limited insurance
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representative, or temporary insurance producer offering advice concerning a class of insurance as to which he or she is licensed to transact business;
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(3) a trust officer of a bank performing duties
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incidental to his or her position;
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(4) an actuary or a certified public accountant
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engaged or employed in a consulting capacity, performing duties incidental to that position; or
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(5) a licensed public adjuster acting within the
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scope of his or her license.
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(c) In addition to any other penalty set forth in this Article, an individual who knowingly violates subsection (a) is guilty of a Class A misdemeanor.
(d) In addition to any other penalty set forth in this Article, any individual violating subsection (a) or (b) and misappropriating or converting any moneys collected in conjunction with the violation is guilty of a Class 4 felony.
(d) In addition to any other penalty set forth in this Article, any individual violating subsection (a) or (b) and misappropriating or converting any moneys collected in conjunction with the violation is guilty of a Class 4 felony.