What is the purpose of the De Ins Illinois form?
The De Ins Illinois form is a required document for individuals seeking licensure in certain professions in Illinois, such as private detectives and security personnel. It confirms the applicant holds liability insurance, which is essential for ensuring compliance with state regulations and protection against potential claims.
Who needs to complete this form?
Both new applicants and those renewing their licenses must complete the De Ins Illinois form. The applicant must fill out their personal details, while an authorized insurance agent must provide the insurance policy information. This ensures that all necessary data is reported for the application process.
What type of insurance is required on this form?
A comprehensive commercial general liability insurance policy is required, with a minimum coverage of $1,000,000. This policy must include protection against bodily injury, property damage, and personal injury. Additionally, specific coverage for firearms use is necessary if the licensee carries a firearm or supervises employees that do.
Is providing my information mandatory?
While disclosure of the required information is voluntary, failure to complete the form could result in the application not being processed. Therefore, it is in the applicant's best interest to fully comply with the form’s requirements.
What happens to the completed form once submitted?
After the form is filled out by both the applicant and the authorized agent, it should be submitted along with the application for licensure or renewal. The Department of Financial and Professional Regulation will review the information as part of the licensing process.
Can I submit this form electronically?
The submission method may vary based on the specific guidelines provided by the Illinois Department of Financial and Professional Regulation. Applicants should refer to their official website for the latest information on submission procedures, including whether electronic submissions are accepted.
What details are required from the insurance agent?
The insurance agent must provide their agency name, contact information, the policy number, type of insurance coverage, the addresses associated with the insurance company and the agent's business, as well as the effective and expiration dates of the policy. This information verifies that the insurance meets the legal requirements.
How can I ensure my insurance policy is compliant?
To ensure compliance, review the policy's terms carefully and confirm with your insurance agent that it meets state requirements. The insurance must specifically cover the scope of your profession and include any necessary extensions for firearms, if applicable.
What if my insurance policy is canceled?
If the insurance policy is terminated before its expiration date, the insurer is mandated to provide written notice to the Department of Financial and Professional Regulation at least 30 days prior to cancellation. This requirement helps maintain updated information on the applicant's insurance status.
What consequences may arise from false information on this form?
Under penalties of perjury, any false statement made on the De Ins Illinois form can lead to serious legal consequences, including denial of the application or revocation of an existing license. It is imperative that all information provided is truthful and accurate.