50-State Insurance Licensing Compliance Guide
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Illinois Insurance License

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Licensing requirements for Illinois insurance professionals and companies.

This page provides an overview of insurance licensing in Illinois for individuals and companies. You will find state requirements, application fees, filing instructions, and more. For assistance with licensing, please contact us to learn about our software and managed license services.

Companies that provide insurance producer services in Illinois must apply for a license prior to doing business. Depending on the lines of authority offered by the entity and the types of services offered, multiple firm licenses may be required.

Before applying, firms should ensure that the licensed individual to be appointed agent in charge has the necessary licenses. Firms should also gather proof of incorporation, or foreign qualification for out-of-state firms, in anticipation of application requirements.

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Company Licenses

Illinois Insurance Company Licenses

Illinois Business Entity Producer

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Bond Requirements:

An insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must maintain in force while licensed a bond in favor of the people of the State of Illinois executed by an authorized surety company and payable to any party injured under the terms of the bond. The bond shall be continuous in form and in the amount of $2500 or 5% of the premiums brokered in the previous calendar year whichever is greater, but not to exceed $50,000 total aggregate liability. Such bond should remain at the place of business however the producer must provide the information within 3 working days after receiving a request, should the information be requested.

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$150 license fee + NIPR transaction fees

Registration Renewal

Filing Method:

Online

Agency Fee:

$150 license fee + NIPR trasaction fee 

Due:

Biennially by May 31 

Law:

Illinois Administrative Code | §3121.40

Illinois Independent Review Organization Registration

Agency:Illinois Department of Insurance
Law:

215 ILCS 180/50

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Yes

Initial Registration

Filing Method:

Online

Agency Fee:

$1,000 for accredited organizations or $1,500 for unaccredited organizations.

Required Attachments:
  • For each Independent Review Program submit:
    • The name, address, telephone number and hours of operation for the independent review program
    • The organization and governing structure of the independent review program
    • The number of reviews in Illinois for which an independent review is conducted by each independent review program for the current year
    • Number of reviews in Illinois for which an independent review was conducted for the previous calendar year for each independent review program
    • A copy of your most recent certificate from American Accreditation Healthcare Commission (URAC) Standards for Independent Review Organizations, if applicable
    • Written policies and procedures for protection of confidential information according to applicable State and federal laws for each independent review program
    • Biographical information for organization officers and directors
    • A list of all contracted reviewers, the physician's license number of each reviewer and his or her contact information and area of clinical expertise
  • Written policies and procedures that govern all aspects of both the standard external review process and the expedited external review process

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,000 for accredited organizations or $1,500 for unaccredited organizations.

Due:

Biennially at least 30 days prior to the expiration date.

Required Attachments:
  • A current copy of the applicable accreditation certificate from the American Accreditation Healthcare Commission (URAC) if applicable
  • Any material changes to the information filed under your prior registration

Amendment
Material Change Amendment

Filing Method:

Online

Due:

Within 30 days after the change.

Law:

50 IL Admin Code 4530.60

Notes:

Any material changes in the information filed on the registration application must be reported.

Supplemental Reporting
External Review Report

Filing Method:

Online

Agency Fee:

$0

Due:

Annually by March 1.

Law:

50 IL Admin Code 4530.50

Notes:

Each independent review organization shall maintain written records in the aggregate, by state, and by health carrier on all requests for external review for which it conducted an external review during a calendar year and submit to the director in a report format.

Illinois Insurance Agency License

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

This section applies to insurance firms that are applying for a license in Illinois for the first time.

Agency:Illinois Department of Insurance
Form:

http://insurance2.illinois.gov/producer/

Agency Fee:

Varies by insurance type. Baseline of $150

Registration Renewal

This section applies to insurance firms that are already licensed in Illinois and need to renew their license.

Agency:Illinois Department of Insurance
Form:

http://insurance2.illinois.gov/producer/

Agency Fee:

Varies by insurance type. Baseline of $150

Due:

Annually or Biennially based on license type

Illinois Limited Lines Producer License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$150

Illinois Limited Lines Producer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Illinois Navigator Certificate License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Pharmacy Benefit Manager License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$500

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Pharmacy Benefit Manager License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$500

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Self-Service Storage Facility License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$50

Registration Renewal

Filing Method:

Online

Agency Fee:

$50

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Third Party Administrator License

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:No
Bond Requirements:
  • For an administrator which maintains an Administrator Trust Fund (ATF) but does not maintain a Claims Administration Services Account (CASA), the greater of $50,000 or 5% of contributions and premiums projected
    to be received or collected in the ATF for the forthcoming plan year from Illinois residents but not exceed $1,000,000.
  • For an administrator which maintains a CASA but does not maintain an ATF, the greater of $50,000 or 5% of the claims and claims expenses projected to be held in the CASA for the forthcoming year to pay claims and claims expenses for Illinois residents, but not exceed $1,000,000.
  • For an administrator which maintainsboth an ATF and a CASA, the greater of the amounts in 1 or 2 aboce, but not exceed $1,000,000.
Exam Required?Not Set
Registered Agent (Special Agency) Required?No

Initial Registration

Form:

Third Party Administrator License Application

Agency Fee:

$200

Registration Renewal

Form:

TPA Renewal Application

Filing Method:

Mail

Agency Fee:

$200

Due:

Annually by the date of issuance.

Illinois Travel Insurance License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$500

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Travel Insurance License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$500

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Travel Retailer License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Travel Retailer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$500

Due:

Licenses expire biennially on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Utilization Review Organization Registration

Type of Review:

Medical or Workers' Compensation Utilization Review

Agency:Illinois Department of Insurance
Law:

820 ILCS 305/8.7

Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Yes

Initial Registration

Filing Method:

Online

Agency Fee:

$1,500 for accredited organizations or $3,000 for unaccredited organizations.

Required Attachments:
  • Written policies and procedures for protecting confidential information according to applicable State and federal laws for each utilization review program
  • Biographical information for organization officers and directors

Registration Renewal

Filing Method:

Online

Agency Fee:

$1,500 for accredited organizations or $3,000 for unaccredited organizations.

Due:

Biennially

Required Attachments:
  • Written policies and procedures for protecting confidential information according to applicable State and federal laws for each utilization review program
  • Biographical information for organization officers and directors

Amendment
Material Change Amendment

Filing Method:

Online

Due:

Within 30 days after the change.

Law:

50 IL Admin Code 2905.40

Notes:

Any material changes in the information filed on the registration application must be reported.

Individual Licenses

Illinois Individual Insurance Licenses

Illinois Insurance Agent License

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

This section applies to insurance agents that are applying for a license in Illinois for the first time.

Agency Fee:

From $0 to $400 depending on license type.

Registration Renewal

Filing Method:

Online

Agency Fee:

Varies based on license type

Due:

Biennially by the original date of issue

Illinois Insurance Producer License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$380

Registration Renewal

Filing Method:

Online

Agency Fee:

$380

Due:

Licenses expire annually on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Insurance Producer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$215

Registration Renewal

Filing Method:

Online

Agency Fee:

$215

Due:

Licenses expire annually on the registration anniversary date but renewal application must be submitted at least 45 days prior to expiration.

Illinois Limited Lines Producer License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$200

Due:

Licenses expire annually on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Limited Lines Producer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Illinois Navigator Certificate License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Registration Renewal

Filing Method:

Online

Agency Fee:

$0

Due:

Licenses expire annually on the registration anniversary date but renewal application must be submitted at least 45 days prior to expiration.

Illinois Surplus Lines Producer License - Non-Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$400

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

Licenses expire annually on May 31 but renewal application must be submitted at least 90 days prior to expiration.

Illinois Surplus Lines Producer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$400

Registration Renewal

Filing Method:

Online

Agency Fee:

$400

Due:

Licenses expire annually on the registration anniversary date but renewal application must be submitted at least 45 days prior to expiration.

Illinois Temporary Producer License - Resident

Agency:Illinois Department of Insurance
Foreign Qualification is Prerequisite:Not Set
Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Filing Method:

Online

Agency Fee:

$0

Renewal Not Required

Not required



Temporary Producer licenses automatically expire after 90 days and are not renewable.

Learn about insurance licensing in other states: