Chapter 5

Which of the following can be licensed as a surplus lines broker

A Property and Casualty producer

All of the following actions could be grounds for the director to suspend or revoke an insurance license except

A license cannot be revoked if a producer uses poor judgement in finding a risk

An individual who has a resident of another state maintain a Missouri non-resident license without testing provided

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What is the minimum age required for an insurance producer in the state

18 years old

A producer completed in Insurance transaction in 2007. When can the producer dispose of the records for this transaction

2010 Insurance transaction records must be maintained for three years

Which of the following is a prerequisite of obtaining a producer license

Passed an examination administrator by the testing service designated by the director

When a producer was reviewing a potential customers coverage written by another company the producer made several remarks that were miraculously critical of the other insured The Producers should be found guilty of

Defamation

An insured devices and immediate strategy in order to corner a large portion of the insurance Market which of the following best describes his practice

Illegal

Whenever it appears that a producer or ensure is violating and insurance law Missouri the director will do which of the

Issue a cease-and-desist order. To schedule a hearing into the matter

No insurance company in made tranzact insurance business in Missouri unless it first

Obtains from director a certificate of authority

The chief officer of the Department of Insurance is the director. All of the following statements concerning the director are true except

The director may serve as an officer or director for an unauthorized insurer

Who is responsible for covering the expenses associated with the examination of domestic insurers

The examined insured

Missouri laws require that the records of insurance transactions kept by producers must be orderly. What does that mean

The insurance transaction records must be orderly and must be retrievable within 5 days upon request

If an insurance company makes a statement that is policies are guaranteed by the existence of the insurance Guaranty Association that would be considered

Unfair trade practice

When twin brothers apply for life insurance from a company if the company found that well neither of them smoked and both very similar Lifestyles one of the twin was 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