What is the annual fee required by the appointing insurance company for a Limited Lines producer license?

The correct answer reflects the established annual fee set by the Illinois Department of Insurance for a Limited Lines producer license. Limited Lines licenses are designed for agents who sell specific types of insurance, such as travel or credit insurance, and are subject to particular regulations and requirements.

In Illinois, the annual fee of $50 aligns with the state's regulatory framework, ensuring that producers maintain their licensing and compliance with insurance laws. This fee supports the oversight and administration of the licensing process, which is crucial for ensuring that insurance producers are adequately trained and adhere to the standards set forth by the Illinois Department of Insurance.

Understanding the fee structure is important for those planning to work as insurance producers, as it impacts both budgeting for licensing fees and overall compliance with state regulations.