Chapter 14

if a producer has been found guilty of any violations of the provisions of the insurance code, in addition to or instead of the suspension, revocaiton, or refusal to renew a producer's license, the commissioner may levy a fine upon the licensee, up to

1000 per offense

for how many years must insurance producers keep record of written disclosures regarding producer compensation

5 years

life insurance policies that have been in force for 3 years must provide for a maximum policy loan interest rate of what annual percentage

8%

when twin brothers applied for life insurance from company a , the company found the while neither of them smoked and both had a veery similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this the company charged him a higher rate for his insurance. This practice is considered

discrimination

which of the following is not considered a misrepresentation as it pertains to unfair trade practices

making comparisions between different policies