Chapter 6 Health Missed Questions
The Commissioner believes that an insurance rule or regulation has been violated, and decides to call a disciplinary hearing. How many days before a hearing must the Commissioner issue a notice to the person charged with a violation?
10 days
which of the following individuals would most likely be issued a nonresident producers license
a Mass resident who sells insurance full time in Boston but wants to expand his customer base by becoming licensed in NJ
what is a foreign insurer
an insurer with a home office in another state
If an insurance company makes a statement that its policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered
an unfair trade practice
a group of 4 entrepreneurs decide to open an insurance company. Which of the following is true?
at least 1 member must be a licensed insurance producer
which of the following types of insurance would be written by a limited lines agent
credit insurance
which of the following licenses is required for a surplus lines producer
property and casualty
what method do insurers use to protect themselves against catastrophic losses?
reinsurance
all of the following are considered limited lines of authority EXCEPT
surplus lines
a candidate for a producer license passed his licensing exam 6 months ago but has not applied for a license yet. Which of the following is true?
the candidate has 6 more months to apply for a license
who does an insurance agent represent
the insurer (insuring company)
a producers appointment lasts for how long
until it is terminated
