The Division of Insurance is a part of the Illinois Department of Financial and Professional Regulation. The division protects the rights of Illinois citizens by providing assistance and information. It regulates the insurance industry s market behavior and financial solvency. The division monitors various insurance transactions. The Division of Insurance maintains a legislative office that develops issue papers and fact sheets and reviews bills. Its consumer market division handles cases related to consumer protection and education programs and nonfinancial regulatory functions. The division issues licenses to producers, limited insurance representatives, finance companies and third-party administrators. It offers the Senior Health Insurance Program, which educates consumers in issues related to Medicare and long-term care insurance. The Division of Insurance maintains locations in Chicago and Springfield, Ill.
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