Anti-Money Laundering

This course will teach agents to fully understand the issues related to anti-money laundering as set forth in the USA Patriot Act.This course is intended to provide agents and brokers with knowledge of money laundering and terrorist financing and the ways in which the insurance industry might be used to engage in such activities. In addition, it provides an in-depth look at the requirements imposed by the Treasury Department regulations, as well as the means by which brokers and agents may be integrated into insurers’ AML programs.

Illinois State Requirements

Updated: 03/01/2012

Continuing Education Hours

• 24 hours are required every two years to renew a license.

Course Subject Requirements

• Agents wishing to sell LTC must also complete a 8-hour LTC requirement prior to selling LTC products. The LTC requirement counts towards the completion of the basic CE requirement. By the end of each consecutive renewal period, agents must complete a 4-hour "refresher" LTC course to continue selling LTC.
• All Illinois licensed resident insurance producers who sell federal flood insurance policies shall be required to complete a one time 3-hour requirement on flood insurance.
• According to John Montalbano (Education Coordinator) at the DOI, 3 hours of ethics credit in IL must be done in Classroom as of 12/23/2009.
• Effective July 1, 2010: all life agents who hold a Viatical Settlement Broker license must complete a 4-hour course in viatical settlements every renewal period.
• Effective September 26, 2011: All annuity producers must complete a one-time 4-hour annuity training course.

Continuing Education Compliance Date

All continuing education credits must be achieved by the date of the license renewal.

Same as license renewal date every two years. However, it is recommended that CE be completed 8 weeks earlier so that the CE provider has time to report compliance.

Types of Courses Accepted for CE Credit

Independent self-study courses and classroom study.

Final Exam

Final exams are not required to be monitored.

Carryover Requirements

A maximum of 12 credit hours may be carried over to the next reporting period.

Course Repetition

Credit will not be give for a course that is repeated within a 3 year period.

Exemptions

• Individuals with a temporary license.

• Individuals with any of the following limited licenses: baggage, limited travel health, trip cancellation, industrial life or industrial health; and insurance issued by a local mutual district, county, or township insurance company.
• Nonresident producers who meet their resident states' CE requirements

Method To Certify Completion

You will be able to print your certificate of completion online once you have completed your exam. The course provider reports credits earned to the insurance department within one business day of the course completion. The licensee keeps the original certificates of completion in his or her files for 5 years.

Nonresidents

Exempt. Nonresidents who wish to sell LTC are not exempt from the LTC education requirement.

For Additional Information Please Contact

Illinois Department of Insurance
Producer Licensing Unit

320 W. Washington St.
Springfield, IL 62767

Phone: (217) 782-6366 -OR- (217) 782-1019

Fax: (217) 782-6367

 Email: doi.licensing@illinois.gov

State Website: http://www.idfpr.com/DOI/default2.asp

To Check the Status of Your CE Credits

*You will need to provide your name and SSN.*

• 1. Go to: http://www.idfpr.com/DOI/Default2.asp.
• 2. Click the, "Producers" button on the left,
• 3. Click "Producer Licensing Record" under the heading, "Illinois Licensed Insurance Producer Database".
• 4. Click "Continue".
• 5. Input your SSN (including the dashes).
• 6. Input your name (last name first name mi).
• 7. Click "Search".
• 8. If the search yields results, you will be asked to input the "Index Number: of the appropriate record in the "Selection" field.
• 9. After inputting the proper index number, click, "View Detail".

Course Format

System Requirements: Please note that Mozilla firefox 9 download here or Internet explorer 8 or higher: Download here 
are required to view our website when you wish to access the learning center. You should also note that taking courses over a wireless internet connection is not advised. When taking your exams you should try to be on a wired internet connection to your computer.

If your state requires monitored exams, you must have your monitor sign-in and follow the monitor instructions BEFORE you begin the exam.  See the State Information tab, Monitor tab and Help Center for more information.

How to Redeem Vouchers 

Optional PACE or CFP Credit

Many of our Insurance CE courses are also approved for CE credit for agents who hold professional designations such as CLU, ChFC, CFP. The type of CE credit and number of hours approved are listed above in the course description.