Illinois Insurance State Practice Exam

What is the cost of a Nonresident Producer License?

1. $280.00

2. $380.00

3. $480.00

4. $580.00

The correct answer is: $380.00

The cost of a Nonresident Producer License is $380.00. This fee reflects the standard amount set by Illinois for individuals seeking to obtain a Nonresident Producer License, allowing them to conduct insurance business in the state while being residents of another state. Understanding the fee structure is crucial for both potential producers who want to operate in Illinois and for individuals preparing for licensing exams. Knowing the correct fee helps applicants ensure that they are financially prepared for the licensing process and reinforces the importance of being aware of regulatory costs associated with obtaining necessary licenses in the insurance industry.