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Illinois Insurance Producer: Continuing Education

Frequently Asked Questions

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Illinois Insurance Continuing Education FAQs
General    (click an item to see more info)
  1. Are Real Estate Institute's courses approved by the Illinois Department of Insurance (DOI)?
    Yes. Real Estate Institute offers continuing education programs that are approved by the IL Department of Insurance and have been specifically designed to satisfy license renewal requirements.

    We are Provider #102877.
    Last Updated: 1/28/2012
  2. How often must I complete continuing education?
    Illinois insurance producers are required to complete 24 credit hours of continuing education during each 2-year license renewal period. 3 of the 24 hours must consist of "classroom ethics instruction."
    Last Updated: 1/28/2012
  3. Will the school report my credit to the DOI upon successful completion of my course(s)?

    Yes. We report to the Department of Insurance daily, Monday through Friday.

    If you fax your answer sheet, we must receive it by 3:30 p.m. in order for your record to be included in the daily report the following morning. If you complete your exams online, you also must complete them by 3:30 p.m. to be included.

    When reporting course completions, we provide your actual date of course completion (not the date of reporting). For faxed answer sheets, your date of completion is the date on which we receive your answer sheet, provided you earn a passing score.

    Last Updated: 1/28/2012
  4. I want to make your 3:30 p.m. reporting deadline. Can I fax you a copy of my quiz with a copy of my check that I am putting in the mail today?
    No. If you pay by check, we cannot process your enrollment and answer sheet until your check arrives at the school. You can complete by fax if you pay with a credit/debit card or have prepaid.
    Last Updated: 1/28/2012
  5. If I complete my course by the close of business today, will the course completion be reported in time for my renewal tomorrow?

    No. Although we will promptly report your course completion(s), we are required to submit this data to the state's data processing vendor, State Based Systems. Once they receive the records from our school, they must transfer those records to the National Association of Insurance Commissioners (NAIC), who accepts your license renewal application. The Department of Insurance recommends that you allow 30 days for State Based Systems to process and transfer your continuing education records to the NAIC.

    Note that the Department of Insurance requires all licensees to pay a late renewal fee if the NAIC does not receive an on-time renewal application... even if continuing education was completed on time.

    Last Updated: 1/28/2012
  6. Do you offer courses that are appropriate for my license type? (e.g. Life, Property, Accident/Health)

    The continuing education rules for Illinois insurance producers allow licensees to take courses on any topic approved by the Illinois Department of Insurance. It does not matter whether you are licensed specifically as a producer of Life, Property, Accident/Health, Casualty or Fire and Motor Vehicle insurance. You may take any of our insurance continuing education courses to earn your continuing education credit.

    Note that a licensee is not allowed to repeat the same course within a two-year renewal period. Our records will indicate which of our courses you have taken.

    Last Updated: 1/28/2012
  7. What if I don't pass the exam that's included with my course?
    Courses include an open-book exam. The state requires you to score 70% or higher to pass. Most people pass the exam without difficulty. If you do fail the exam, you will be permitted one additional attempt to pass an alternate exam (at no additional charge).
    Last Updated: 1/28/2012
  8. I think I need xx credit hours of education to renew my license; can you check this for me?

    Yes. Upon request, we will check to see if you have any credit hours on file with the state. We will then make sure you enroll for the correct number of courses to satisfy your requirement.

    When you renew your license, the state will take out 24 credit hours at the time of renewal, and any additional credit hours will "roll over" to your next license renewal period.

    Note that the state will only allow you to roll over up to 12 credit hours. You lose any additional credit hours that are on file when you renew your license. Hours rolled over to the next license renewal period will count toward the general credit requirement. Ethics credit must be earned during each two-year renewal period.

    Last Updated: 7/6/2017
  9. Why did I receive a book in the mail?
    We are providing producers with a convenient way to complete the continuing education requirements on time and at a special price. You can take advantage of a money-saving offer by enrolling in two courses required at the same time, using the one book that we provided.
    Last Updated: 1/28/2012
  10. I have one of your books from last year that I didn't use. Can I still use it?
    Possibly. We do not always renew an older course with the Department of Insurance. If you have had one of our books for a while, check with the school before completing the course(s) to be certain it is still available for credit.
    Last Updated: 1/28/2012
  11. What if someone else in my office wants to use the same book?
    That is fine. You can pass the book along. Our special combination book has an additional enrollment form and answer sheet on the back cover that they may use. If you prefer, you may also photocopy the in-book answer sheet or the back cover.
    Last Updated: 1/28/2012
  12. Do I need to take a flood Insurance course?
    Illinois insurance producers who sell flood insurance throuh the National Flood Insurance Program must complete a one-time, 3-hour training requirement. Our course has been specifically designed to help producers satisfy this requirement.
    Last Updated: 1/28/2012
  13. Why does the school charge credit-reporting fees in addition to course tuition?

    The Illinois Department of Insurance requires a mandatory reporting fee for all insurance continuing education courses. The fee is currently $1.00 per credit hour.

    We require insurance producers to pay this department-mandated fee upon course enrollment. State fees are subject to change without notice. In the event of a fee increase, we will contact you upon course completion to collect the required payment.

    We encourage students to complete courses promptly to avoid fee increases.

    Last Updated: 3/2/2017
  14. What is the school's refund policy?
    School policies, including our refund policy, can be viewed here.
    Last Updated: 1/28/2012
Annuity Training Requirement    (click an item to see more info)
  1. What is an annuity product?

    An annuity is a long-term contractual arrangement in which someone gives money to an insurance company and is expected to get it back in either a lump sum or a series of scheduled installments.

    Last Updated: 1/28/2012
  2. Are some Illinois insurance producers required to complete annuity training?

    Yes. Insurance producers must complete this training prior to selling annuity products. Our 4-Hour NAIC Annuity Suitability Training course is approved by the Illinois Department of Insurance to satisfy this requirement.

    Click to learn more about our state-approved course.

    Last Updated: 2/24/2014
  3. Why is there a special annuity training requirement?

    The annuity training requirement came about because the National Association of Insurance Commissioners (NAIC) hopes to ensure that all annuity producers understand new requirements designed to protect consumers and that products are represented accurately.

    Last Updated: 1/28/2012
  4. Are producers required to complete annuity training during each two-year renewal period?

    No. This is a one-time training requirement.

    Note that annuity training requirements vary state by state, so producers licensed to sell insurance in multiple states may need to consider additional or different requirements.

    Last Updated: 2/24/2014
  5. Will producers who complete the annuity training requirement also earn continuing education credits?

    Producers who complete Real Estate Institute's state-approved 4-Hour NAIC Annuity Suitability Training course will earn 4 hours of continuing education that will count toward the overall two-year license renewal requirement.

    Last Updated: 2/24/2014
  6. Must I complete an annuity training course if I already completed a training requirement for another state?

    Producers who complete an annuity training course for a state with substantially similar requirements might not need to take an additional training course.

    Last Updated: 1/28/2012
  7. Who is responsible for enforcing compliance with the annuity training requirement?

    Unlike continuing education that is required before your biennial license renewal, annuity training compliance is not tracked by the state. It's up to companies that offer annuity products to track the compliance of producers who sell those products.

    Producers who complete a state-approved annuity training course (like the one we offer) will have their course completion noted in their state continuing education transcript.

    Last Updated: 1/28/2012
  8. Are producers who are also registered or licensed through SEC or FINRA exempt from the annuity training requirement?
    No. These producers are not specifically exempt. However, producers who already completed a 4-hour annuity training course that satisfies the requirements in Illinois may not be required to complete additional education.
    Last Updated: 1/28/2012
  9. Are any producers exempt from this requirement?
    Yes. Producers are exempt from the training requirement if they only sell:
    • annuities within an employer pension plan that is covered by the Employment Retirement Income Security Act.
    • annuities within an employer-sponsored plan described by sections 401(a), 401(k), 403(b), 408(k), or 408(p) of the Internal Revenue Code.
    • annuities funding a government or church plan defined in Section 414 of the Internal Revenue Code, a government or church welfare plan or a deferred compensation plan of a state or local government or tax-exempt organization under Section 457 of the Internal Revenue Code.
    • annuities funding a nonqualified deferred compensation arrangement established or maintained by an employer or plan sponsor.
    • annuities funding settlements of or assumptions of liabilities associated with personal injury litigation or any dispute or claim resolution process.
    • annuities used to fund formal prepaid funeral contracts.
    For all details regarding the requirement and exemptions, see Title 50, Part 3120 of the Illinois Administrative Code.
    Last Updated: 1/28/2012
Ethics Class Requirement    (click an item to see more info)
  1. Do I need to take an Ethics class as part of my continuing education requirement?
    Yes. All Illinois insurance producers must complete 3 hours of classroom ethics training during each license renewal period.
    Last Updated: 10/30/2017
  2. Can I complete ethics training via self-study, online, or webinar?
    No. The law requires that the training be completed in a live classroom setting.
    Last Updated: 1/28/2012
  3. Where are classes held?
    We offer classes in a variety of locations throughout the Chicago area. Weekday and Saturday classes are available. Click here to view our full schedule of upcoming classes.
    Last Updated: 1/28/2012
Long Term Care (LTC) Training Requirement    (click an item to see more info)
  1. Are some Illinois insurance producers required to complete long term care (LTC) training?

    Yes, a special training and continuing education requirement affects all resident producers who sell or solicit any type of long-term care insurance. Our Long Term Care (Partnership) course is approved by the Illinois Department of Insurance to satisfy the initial LTC continuing education requirement.

    Click to learn more about our state-approved course.

    Last Updated: 7/2/2012
  2. Are producers required to complete long term care training during each two-year renewal period?

    Yes. Producers are required to complete at least 4 hours of additional training during each subsequent license period. Click to learn more about our state-approved course that satisfies this requirement.

    Last Updated: 1/19/2014
  3. May I repeat the 8-hour LTC training course to satisfy the 4-hour LTC continuing education requirement?

    Yes. An 8-hour LTC training course can be used to satisfy the 4-hour CE requirement. As with all other CE courses, the licensee may not repeat the course within the same license renewal period.

    Last Updated: 7/2/2012
  4. If I complete the 8-hour LTC training course and then fail to complete the 4-hour LTC continuing education requirement by the deadline, what must I do to "reinstate" my LTC status?

    Producers who miss their 4-hour LTC deadline can have their status reinstated by completing the 4-hour training within one year after their deadline. If they miss this one-year window, producers who want their LTC status reinstated must complete an 8-hour training program again.

    Last Updated: 1/19/2014
Real Estate Institute offers insurance education approved by the Illinois Department of Insurance.
Approved provider #102877.