Illinois Compiled Statutes 215 ILCS 5 Illinois Insurance Code. Section 512.61

    (215 ILCS 5/512.61) (from Ch. 73, par. 1065.59-61)

    (Section scheduled to be repealed on January 1, 2017)

    Sec. 512.61. License suspension, revocation or denial.

    (a) Any license issued under this Article may, be suspended or revoked, and any application for a license may be denied, if the Director finds that the holder of or applicant for a license has:

        (1) willfully violated any provision of this Code or

    any rule or regulation promulgated by the Director; or

        (2) intentionally made a material misstatement in an

    application for a license as a Public Insurance Adjuster; or

        (3) obtained or attempted to obtain a license as a

    Public Insurance Adjuster through misrepresentation or fraud; or

        (4) misappropriated, converted to his own use or

    improperly withheld money due others; or

        (5) intentionally misrepresented the terms of any

    insurance policy; or

        (6) used fraudulent, coercive or dishonest practices,

    or demonstrated incompetence, untrustworthiness or financial irresponsibility in the transaction of business as a Public Insurance Adjuster; or

        (7) been convicted of any felony or misdemeanor

    involving dishonesty or fraud, unless the individual demonstrates to the Director sufficient rehabilitation to warrant the public trust; or

        (8) knowingly transacted the business of a Public

    Insurance Adjuster in conjunction with an individual who was not licensed at the time; or

        (9) failed to appear without reasonable cause or

    excuse in response to a subpoena lawfully issued by the Director; or

        (10) a license as a Public Insurance Adjuster

    suspended or revoked or an application denied in any other state, district, territory or province on a ground similar to one of the grounds stated in this Section; or

        (11) failed to comply with or violated any of the

    standards set forth in Section 512.59; or

        (12) failed to maintain the records required by

    Section 512.60; or

        (13) engaged in the unauthorized practice of law.

    (b) Revocation, suspension, or the denial of an application pursuant to this Section shall be by written notice served upon the applicant by certified or registered mail sent to the address specified in the application. The applicant may request a hearing in writing within 30 days from the date of mailing as provided in Section 402. The hearing shall be held pursuant to Section 2402 of Title 50 of the Code.

    (c) Upon notification of the issuance of an order suspending or revoking a Public Insurance Adjuster's license, the licensee or other person having possession or custody of such license shall promptly deliver it to the Director in person or by mail. The Director shall publish the name of each Public Insurance Adjuster whose license is suspended or revoked, after such suspension or revocation becomes final, in a manner designed to notify interested insurance companies and other persons.

    (d) Any individual whose Public Insurance Adjuster's license is revoked or whose application is denied pursuant to this Section shall be ineligible to apply for a Public Insurance Adjuster's license for 5 years. A suspension pursuant to this Section may be for any period of time up to 5 years.

(Source: P.A. 95-213, eff. 1-1-08.)

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Last modified: February 18, 2015