INSURANCE REGULATIONS

Which of the following would NOT be considered an exception to the National Do Not Call List?

Calls based from outside of the United States

How many days after an initial pretrial hearing date, does an insurance producer have to report any criminal prosecution to the Director?

30

The necessary proof of loss claim is submitted to an insurer. Assuming the claim is complete, how long does the insurer have to pay the claim without additional interest?

30 Days

Which of the following statements does NOT accurately describe an insurance broker?

A broker does not represent individual clients.

The 30 day payment of claims requirement applies to which of the following persons?

A state worker filing a personal injury claim

The Gramm-Leach-Bliley Act was passed to

Protect private customer information filed with a financial institution.

Which of the following would be considered an illegal inducement to purchase insurance?

Confirming future dividends in a life insurance proposal

An applicant is denied insurance because of information found on a consumer report. Which of the following requires that the insurance company supply the applicant with the name and address of the consumer reporting company?

Fair Credit Reporting Act

Which of the following could be considered an adjuster?

Paid claim investigators

Although most domestic insurers must be examined at least once every 5 years, how often may the Director examine an insurer?

Whenever necessary

Insurance institutions and producers must provide notice of their information gathering practices to applicants and policyholders no later than

The time the policy is delivered.

What is the maximum penalty for habitual willful non compliance with the Fair Credit Reporting Act?

$2500

In comparison to consumer reports, which of the following describes a unique characteristic of investigative consumer reports?

The customer's associates, friends and neighbors provide the report's data.