Term Set
How many days does the commissioner have after an agent submits a request to hold a hearing?
10 days
If the insurer cancels coverage, it must provide written notice how many days in advance?
10 days
If the insurer decides to cancel or non renew coverage, it will provide the mortgage holder with how many days in advance written notice?
10 days
What is a required notice of cancellation of a Homeowners policy to the insured?
10 days
How long are the result of the licensing examination held valid?
12 months
If the vehicle is in addition to the listed vehicles the policy will grant coverage but only if the insurer is notified within how many days?
14 days
An insurer must acknowledge receipt of a Notice if Claim within how many days?
15 days
If the insurers decides to not make a claim on a replacement cost basis, the insured has how many days to notify the insurer after the date of loss?
180 days
A risk manager's license is good for how many years?
2 years
How long is a reporting period?
2 years
How long is an agents license valid?
2 years
How many years does an insurer have from the expiration date of the policy to perform a Deposit Premium Audit
3 years
In regards to medical payments, within how many years should expenses and services be rendered?
3 years
How many days does an agent have to request a hearing after receiving a cease and desist order?
30 days
How long must one wait after a license has been revoked to receive a new license?
5 years
How many years must one wait after a felony conviction for breach of fiduciary duty before another license application can be filed?
5 years
How many years of experience must the commissioner have in the administration of business or government or as a practicing attorney or a CPA?
5 years
How often must the commissioner examine all authorized insurers?
5 years
How long must one wait for another temporary license?
6 months
After how many days will vandalism no longer be covered when a property is empty?
60 days
An insurer may cancel a personal auto policy if the policy has been in effect for at least how many days?
60 days
How long must a structure be completely empty before it is considered vacant?
60 days
If the insurer denies a claim, the denial will not apply to the mortgagee if the mortgagee has notified the insurer of any change in ownership or occupancy, pays any due premiums, and submits a signed proof of loss within how many days?
60 days
Insurers must file all rates and forms for commissioner's approval within how many days prior to use?
60 days
The insurer can cancel a policy after it has been in forced for how many days?
60 days
What is the maximum duration of a temporary license?
90 days