If an insurance producer allows their license to lapse, how long do they have to renew it without passing a written exam?

When an insurance producer allows their license to lapse, they have a specified period during which they can renew the license without the need to retake the written exam. In Illinois, this renewal period is set at 12 months. This allows producers a reasonable timeframe to reactivate their licenses without undergoing the exam process, encouraging compliance and helping to maintain their professional status without the added hurdle of testing. If the license is not renewed within this timeframe, producers would then be required to go through the full licensing process again, which includes passing the written exam. This structure provides flexibility for producers while ensuring that they remain knowledgeable about current regulations and practices in the industry.