property.4

the commissioner must be notified of new producer appointment within

15 days

if an agent has been licensed for over 18 months, for how many hours of continuing education is the agent responsible

24

how long is the licensing period in mississippi

24 months

an agent breaks an insurance law regulating how long records must be kept. however, a penalty for breaking this law hasn't been established. what is the maximum penalty the commissioner may impose on the agent?

5,000

after finding that an individual engaging in unlicensed insurance activity, the commissioner issues a cease and desist order. if the respondent violates the order, they may be fined up to

5,000 per violation

which of the following is another term for an authorized insurer

admitted

all of the following are considered rebating except

an agent misrepresents policy benefits to convince a policyowner to replace a policies

if an insurance company wishes to order an consumer report on an applicant to assist in the underwriting process, and if a notice of insurance information practices have been provided , the report may contain all of the following except the applicant's

ancestry

An insurer that holds a Certificate of Authority in the state in which it transacts business is considered a/an

authorized insurer

which of the following must an insurer obtain in order to transact insurance within a given state

certificate of authority

which of the following would not be considered unfair discrimination by insurers

discriminating in benefits and coverages based on insurer's habits and lifestyles

Two individuals who are in the same risk and age class are charged different rates for their insurance policies due to an insignificant factor. What is this called?

discrimination

how is the commissioner of insurance selected in Mississippi

elected by the public for a 4 -year term in the same election which other state officials are chosen

an insurance company is domiciled in montana and transacts insurance in wyoming. which term best describes the insurer's classification in wyoming

foreign

Most agents try to collect the initial premium for submission with the application. When an agent collects the initial premium from the applicant, the agent should issue the applicant a

premium receipt

an employee of an insurance producer must be licensed if the employee

receives compensation related to insurance sales

Under the Fair Credit Reporting Act, if the consumer challenges the accuracy of the information contained in his or her report, the reporting agency must

respond to the consumer's complaint

Agent D submitted an application for life insurance on client A. No money was sent with the application. When Agent D attempted to deliver the policy, he discovered that A had suffered a heart attack since the application was taken. The agent should

return the policy to the insurer

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

if the commissioner has determined not to renew a producer's license, which of the following needs to happen

the producer must be notified in writing