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P&CIllinoismedium

Under 215 ILCS 5/500-70, which of the following is a stated ground on which the IDOI Director may suspend, revoke, or refuse to renew a producer license?

AFailing to meet a monthly premium-writing quota
Providing incorrect, misleading, or materially untrue information on the license application
CSwitching primary appointment to a different insurer
DSelling life insurance in addition to property and casualty

Why this is the answer

Section 500-70 of the Illinois Insurance Code enumerates the grounds for license denial, suspension, revocation, or refusal to renew, including providing incorrect, misleading, incomplete, or materially untrue information on a license application. Other listed grounds include felony convictions, violating insurance laws of any state, fraudulent claims practices, and improperly withholding premium funds. There is no premium-writing quota in IL, switching appointments is permitted, and selling multiple lines is normal multi-line practice.

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