Definitions

Section 3121.20  Definitions For the purposes of this Part, the following definitions shall apply: "Business Entity Producer" means a corporation, association, partnership, limited liability company, limited liability partnership, or other legal entity. "Code" means the Illinois Insurance Code [215 ILCS 5]. "Department" means the Department of Insurance. "Designated Responsible Licensed Producer" or "DRLP" means the individual responsible for the business entity's compliance with the insurance laws, rules and regulations of this State. "Director" means the Director of the Department of Insurance of the State of Illinois or anyone to whom the Director's responsibilities and authority are lawfully delegated. "Insurance Producer" means a person required to be licensed under the laws of this State to sell, solicit or negotiate insurance. "Resident" means an individual who is in this State for other than a temporary or transitory purpose during the taxable year for at least 51% of the year.