Illinois Insurance State Practice Exam

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Study for the Illinois Insurance State Exam. Practice with flashcards and multiple choice questions, each with hints and explanations. Ace your test!

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How much is the Annual Certified Provider fee?

  1. $500.00

  2. $750.00

  3. $1,000.00

  4. $1,250.00

The correct answer is: $1,000.00

The Annual Certified Provider fee is set at $1,000. This fee is established by the Illinois Department of Insurance and applies to entities that provide specific services requiring certification. Understanding this amount is crucial for those in the insurance field, as it affects budgeting and financial planning for certified providers operating in Illinois. This fee is part of the regulatory framework ensuring that providers maintain the necessary standards and compliance, which ultimately protects consumers by holding providers accountable for their services.

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