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
