Illinois Appointment Renewal Deadline is Near—Act Now!
Time is running out for Illinois’ 2024-2025 appointment renewal period! If you haven’t completed your renewals yet, now is the time to act. Missing the January 2, 2025, deadline could lead to terminated appointments and additional costs to reinstate them.
The renewal period for Limited Lines Producers began on November 5, 2024, and concludes promptly at 4:00 PM CST on January 2, 2025. During this time, you can access your renewal invoice and appointment list on the NIPR website at www.nipr.com.
Time is running out for Illinois’ 2024-2025 appointment renewal period! If you haven’t completed your renewals yet, now is the time to act. Missing the January 2, 2025, deadline could lead to terminated appointments and additional costs to reinstate them.
The renewal period for Limited Lines Producers began on November 5, 2024, and concludes promptly at 4:00 PM CST on January 2, 2025. During this time, you can access your renewal invoice and appointment list on the NIPR website at www.nipr.com.
Key points to remember:
State Fees: $50 per Limited Lines Producer appointment.
NIPR Processing Fees: 1% of the total state fee, with a minimum of $5 and a maximum of $1,000.
Non-Payment Consequences: Appointments not renewed by January 2, 2025, will be cancelled. Reactivation requires reapplication and payment of new appointment fees.
Be Ready for the Next Renewal Deadline
Illinois carrier appointments renew annually, and staying ahead of the process is crucial for compliance. Termination requests for appointments not being renewed must be submitted before the deadline. For the 2024 cycle, that deadline was October 27, 2024. While it’s too late to make changes for this past cycle, now is the perfect time to prepare for the next renewal period.
Understand Illinois’ Unique Renewal Schedule
Illinois’ renewal schedule aligns with the month of a company’s formation:
January–June formations: Renewals occur in even years.
July–December formations: Renewals occur in odd years.
For example, a company formed in March will have its appointments renewed in even years, while a company formed in November will renew in odd years.
Looking Ahead
Don’t wait until the last minute—mark your calendar for the next renewal cycle! Review your appointments early, terminate any that won’t be renewed, and ensure all processes are completed well before the deadline. By planning now, you’ll avoid surprises and stay on top of regulatory requirements.
Need Help?
Visit Illinois Department of Insurance for more details or explore NIPR’s resources to streamline your next renewal. Proactive planning today sets the stage for a seamless renewal tomorrow!
Takeaways
Don’t let time slip away! Secure your appointments and maintain compliance before the January 2, 2025, deadline. Visit the NIPR website now to complete your renewals and avoid unnecessary disruptions.
While Agenzee is unable to assist with appointment processing, we encourage you to reach out directly to the appropriate resources for support.
Contact InformationMailing Address
Illinois Department of Insurance
320 West Washington Street
Springfield, IL 62767-0001
Special Instructions
Illinois Department of Insurance
ATTN: Licensing Unit
122 S Michigan Ave, 19th Floor
Chicago, IL 60603
Disclaimer: This post is for informational purposes only and does not constitute legal or compliance advice. Agenzee does not warrant the accuracy of and assumes no liability for reliance. Please consult regulators or professional advisors as needed. See our full disclaimer for details.
Disclaimer
The information shared in this Resource Center is provided for general educational purposes only. It is not intended as legal, compliance, financial, or other professional advice, and should not be relied upon as such. Laws and regulatory requirements change frequently, and applications may vary depending on your circumstances, so you should verify requirements directly with applicable regulators and seek advice from qualified professionals as needed before choosing to rely solely on information shared in this blog. Agenzee makes no representations or warranties regarding the accuracy, completeness, or timeliness of the information, and assumes no liability for any loss or damages arising from its use. Agenzee is an independent provider of certain services and is not affiliated with or endorsed by the National Insurance Producer Registry (NIPR) or any state regulatory authority.
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