Health Insurance Ch 2

Within how many days of the original hearing and final issuance of an order (regarding an order issued by the Commissioner) may an aggrieved person request a re-hearing?

20 days

Any person who violates an insurance statute or rule of Wisconsin can be imprisoned for up to how many years?

3 1/2 years

The Commissioner issues an order without having conducted a hearing. Within how many days of receiving the order can the person aggrieved by the order request a trial?

30 days

A policy may be issued for a term longer than one year or for an indefinite term as long as there is a clause in the policy providing for cancellation by giving how much notice prior to the anniversary date?

60 days

In any case where there is a controversy or dispute between the insurance company and the insured, the soliciting agent is the agent of the

Company

A person that markets insurance but does not include an insurer is called a

Firm

Which of the following is not a limited line of insurance?

Life insurance

An agent who includes a statement or omits a statement which, when taken in context of the whole presentation, may tend to mislead or deceive the persons addressed has committed

Misrepresentation

Which of the following is the use of false, misleading, or deceptive statements to describe the terms or benefits of any policy?

Misrepresentation

Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report

Must be informed of the source of the report

Because of the great amount of personal information that is available, and because of the increased number of agencies collecting and using this information, the Privacy Protection Study Commission was established to control the misuse of information and misinformation. This act is known as

The Federal Privacy Act of 1974

An insurer refuses to renew a policy written by an intermediary whose contract has been termination. This is allowed if

The notice contains an offer to renew the policy by written request

In addition to any other forfeiture imposed, any person who violates an effective oder may be required to pay

Twice the amount of any profit gained from the violation

If a person violates an order specifically issued to him or her, that person may be required to pay a fine up to

$1,000