An Illinois insurance producer bond is required for licensing as an insurance agent when the producer is acting in the capacity of an independent broker. Pursuant to Sec. 500-130, a producer who places insurance with an insurer with which he does not… Continue Reading →
An Illinois insurance producer who places insurance either directly or indirectly with an insurer with which the insurance producer does not have an agent contract must provide an Illinois insurance producer bond. The bond guarantees that the producer will make… Continue Reading →
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