Section 240 ILCS 40/5-35 - Termination of license(a) Revocation of a license by the Department constitutes a termination of the license on the earlier of:(1) the day of the revocation order;(2) the day that a licensee voluntarily files for bankruptcy under the federal bankruptcy laws; or(3) the day that an order for relief is entered in reference to a licensee as a consequence of a petition for involuntary bankruptcy filed under the federal bankruptcy laws.(b) Voluntary surrender of a license by a licensee constitutes a termination of the license on the day the surrender occurs.(c) Failure to apply for a license renewal constitutes a termination of the license on the day the license expires.(d) Denial of a license renewal by the Department constitutes a termination of the license on the day of the order denying the license renewal.P.A. 89-287, eff. 1/1/1996.