Indiana insurance regulators announced that the non-resident producer license fee is increasing to $250 for Illinois resident producers.
The Indiana Department of Insurance noted that it is required to impose fees on another states’ insurance professionals equal to what the other state charges Indiana’s insurance professionals.
The fee for a two-year non-resident producer license in Illinois is $250. As a result, Indiana will charge an equal fee to Illinois producers applying for or renewing non-resident producer licenses in Indiana.
Other fee increases for Illinois non-resident licensees are as follows:
| License Type | Entity | Fee |
| Non-resident producer | Individual | $250 |
| Non-resident producer | Business entity | $150 |
| Public adjuster | Individual | $250 |
| Public adjuster | Business entity | $250 |
| Non-resident surplus lines | Individual | $400 |
| Non-resident surplus lines | Business entity | $400 |
The department said it is analyzing licensing fees in all states and plans to implement similar fees on residents of other states where appropriate.
Source: Indiana Department of Insurance
Topics Illinois
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