AZ Insurance Regulation Exam

Misleading Advertising

Circulating deceptive sales material to the public is what type of Unfair Trade Practice?

$25

A gift of merchandise up to what amount would be considered a rebate?

Coercion

Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined as

They continue in force

If a producer's license is suspended or revoked, what happens to their accounts?

At least a year

If the license is revoked, the licensee shall NOT be eligible for a new license for

Defamation

Making false or malicious statements about an insurer or producer is what type of Unfair Trade Practice?

Director of Insurance

Prohibited persons may not engage in the business of insurance in this state without the prior written approval of the

The other party is licensed for the same lines of insurance you are

Sharing commissions is legal as long as...

False

T or F. ALl policies must be countersigned by an insurer's licensed producer.

180 days

Temporary licenses in Arizona generally expire in

not invalidate the policy

The failure to countersign will

12 months

What is the maximum period of time that the director may suspend your producer's license?

$2500

When the Director finds, after a hearing, that a person has intentionally violated an insurance regulation, what is the maximum fine that may be levied?

Conditional

When the applicant passes the exam and qualifies in all other respects except for the fingerprint check by the FBI, the Department of Insurance will issue a license called