Illinois Insurance State Practice Exam

If a Producer steals less than $150.00, what is this considered?

1. Felony

2. Misdemeanor

3. Infraction

4. Civil violation

The correct answer is: Misdemeanor

When a Producer steals less than $150.00, it is classified as a misdemeanor because this amount falls below the threshold that typically elevates theft charges to felony status. In many jurisdictions, including Illinois, misdemeanors are considered less serious offenses compared to felonies and usually carry lighter penalties, such as fines or a shorter term of imprisonment, often up to a year in county jail. The specific threshold for distinguishing between misdemeanors and felonies can vary from state to state, but in Illinois, theft of property valued at less than $500 is generally categorized as a misdemeanor. This means that the law recognizes theft of lesser amounts as a less severe crime, which influences the legal consequences that a Producer would face if charged with such an offense. Understanding this classification helps in appreciating the legal framework surrounding theft and the associated penalties in a professional context such as insurance.