Nevada statutes and regulations common to all lines
Which of the following persons is required to hold a producer license in this state?
A salaried employee who solicits insurance
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
How many continuing education hours must a producer complete on the subject of ethics every licensing period?
B. 3 hours
9. A producer CANNOT receive a commission from an insurance company without which of the following?
C. An appointment with the company
Who is considered a nonresident agent?
D. An agent who resides in another state, but is licensed to write insurance in this state
An insurer who deliberately makes maliciously critical statements about another insurance company is guilty of an illegal trade practice called
Defamation
An insurance company that is formed under the laws of another state is known as which type of insurer?
Foreign
Which of the following is an example of a producer's fiduciary responsibilities?
Forwarding premiums to the insurer
Which of the following types of discrimination would be considered legal?
In benefits on the basis of difference life expectancies
All of the following are unfair claims settlement practices EXCEPT
Suggesting negotiations in settling the claim.
Who pays agent's appointment fees?
The insurer
What is the purpose of requiring licenses for persons who transact insurance?
Protect the general public
An agent who offers a cash reward to a prospect for buying a policy is guilty of
Rebating.
The Commissioner of Insurance is responsible for all of the following actions EXCEPT
Setting premium rates
A producer's license may be suspended or revoked for all of the following reasons EXCEPT
Sharing commissions with another agent.