Bill > HB1782

This bill amends the Illinois Insurance Code by modifying the annual registration fee for education providers based on their location. Specifically, the bill introduces a differentiated fee structure for education providers: those based in Illinois will continue to pay an annual registration fee of $1,000, while education providers not based in the State of Illinois will now be required to pay an annual registration fee of $2,000. This change means out-of-state education providers will be charged twice the registration fee of in-state providers. The bill is part of the Insurance Producers, Limited Insurance Representatives, and Registered Firms Article and is scheduled to be in effect until January 1, 2027. The fee increase appears to be aimed at creating a financial distinction between in-state and out-of-state education providers in the insurance industry, potentially to offset additional administrative costs or regulatory challenges associated with managing out-of-state educational entities.

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https://www.ilga.gov/legislation/BillStatus.asp?DocNum=1782&GAID=18&DocTypeID=HB&SessionID=114&GA=104