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state dates

QuestionAnswer
a notice of heaing from the director be held on how many days? 20- 30 days
cease abd desist order fine is? $1,000
violating a directors order fine amount? $100 per day or $5,000 max
conduct and issue written report 90 days
request a hearing date? 14 days
business offense fine amount? 20,000
selling isurance without a license class A misdemeanor
misapproprating fundtion while selling without a license class B feloney
temp license for those expected to be licensed 90 days
temp license for producers death or disability 180 days
to renew license pay fees and stay up to date 2 years
required class education 20 hour
reinstaate period for lapsed license for renewal 12 months
not exceeding $50,000 for bond requirment without producer contract $2,500 or 5% of premium
advance writing notice to cancel bond in how many days? 30 days
of continued education requirment every licensing period hours? 24 hour
continued education requirment in classroom 3 hours
notify deparemnt of changed address 30 days
report administrative action against a producer 30 days
to reinstate a lapsed license without a licensing exam 12 months
double the renwable fee for reinstatment of a liapsed license 430
notice of hearing for a license suspenstion revocation or denial 30 days
hearing must be held for a license suspenstion revocation or denial 20-30 days
civil penalty fine for each cause for denial suspension or revocation 10,000
max fine for civil penalty fine for each cause for denial suspension or revocation 100,000
payment of premium due at the time of delivery must not be held for than that 90 days
for held premium for that long must establish PFTA 15 days or more
for a first time offense of $150 or less for misapropraiting fiduciary Class A misdemeanor
for susbsequent offense for $150 or less for misapropraiting fiduciary Class B feloney
fore more than $150 misapropraiting fiduciary class 3 Feloney
prepare books and record for PFTA every 30 days
maintain PFTA records and books 7 years
pay premium to insurede account after receiving from insuere 15 days or more
max fee without needing to provide a written disclosure to consumer 10%
max amoutnof premium allowed from conteolled busienss in a 12 mon period 50%
fine for misrepresentation $200- $10,000
plus the amount of commission received as penalty for rebaing class b misdemeanor
fine for defamation $200- $10,000
no longer than that as a waiting period for sickness claims 6 months
of continued coverage after policy is over but claim is ongoing 1 year
recurrent diability provision may not specify be separated for that long 6 months
accidental death and dismemberment claims must be paid by then 90 days
diability income benefits must be payable if loss occurs within days? 30 days
fore a full refund on disclosure first page 10 days
to give creadit duting a replacemnt or dicontinuation of plan 90 days
to apply for individual health isnurance after losing prior coverage 63 days
benefits and premium under medicare supplement policy may be suspended 24 months
notify within ? days of eligibility for a refund of medicare supplement policy 90 days
for diclosure requirment of a free look or refund of policy 30 days
medicare supplement policy must send premium fund back within ? weeks of reciving them 2 weeks
or more for long term care months 12 months
for short term care months less than 1 year
notice before alpse of terminataiton of nonpayment on policy 30 days
commission amount which ever is greater as afine for vioaltiog LTC regu $10,000 or 3x
for comapny to send out evidance that subscribers are covered under HMO 30 days
to notify HMO of a birth of a new born 31 days
to pay for any additonal premiums under HMO following the birth of a new born 30 days
provide proof or disability or dependance to HMO policyholders 31 days
to provide report from isnurance regarding a complaint 21 days
to keep an AD document in file 4 years
notice to allow a person to appeal a case of acused fraud 30 days
the age of a child of an isnuered who is covered under the parents health plan 26 years
bronze mental level 60%
silver mental level 70%
gold mental level 80%
platinum mental level 90%
under that age is allowed individual catastrophic plan 30 years
a copy of the illustrations must be retained after the polcy is no longer in force 3 years
for repalcement is a sale is borrowed against for ?% of its value in a single/ series of loans 25%
maintaining copies of notice for replacing insuerer 3 years
grace period 1 month (30 days)
inconstestability period (except for nonpayment of premium and violation of policy conditions) 2 years
policy loans or premium paids 3 years
annual interest of proceeds not paid from thedate of isnured's death on total amount payable 10%
accelerated benefit provision for early payment portion if insured has terminal illness or suffers from a terminal injury 75%
accelerated benefit provisions for death or any condition that requries continuos confitment in an eligible institution for the rest of insureds life 24 months
fee for viatical settlement applications license to be deposied into insurance adminstrations fund 3000
viatical settlement annual statemnt requirement on or before march 1 of every year 1 year
viatical settlement unconditional right to concel and is done within 15 days 30 days
of continous coverage under the HIPAA law to swithing from group to individual policy 18 months
the illinois life and health insurance Guaranty association is obligated to pay covered claims only if the amount is or under? $300,000
if an isnurere vioaltes states regulations for long term care policies what is the max fine the insuere may have to pay 3 times the amount of commission paid on the policy violation
a notice stating an isnsured unconditional right to return hir or her policy within how many days for full refun must appear prominently on the first page of the policy 10 days
Created by: Hthabet
 

 



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