Colorado Property ExamFX Chapter 4

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All insurers that terminate employment with a producer are required to notify the Commissioner within how many days following the effective date of the termination? - 30 days - 45 days - 10 days - 20 days

30 days

Within how many days are insurers required to notify the Commissioner that a producer's employment has been terminated? - 30 days - 15 days - 10 days - 45 days

30 days

An individual seeking a license to sell insurance must complete a prelicensing program that includes how many hours pertaining specifically to state laws related to the line of authority? - 8 hours - 3 hours - 6 hours - 4 hours

4 hours

For how many years must a producer keep supporting documentation of his or her continuing education completion? - 6 years from the date of license renewal - 3 years from the date of license renewal - 5 years following license continuation - The appointing insurer is required to keep documentation, not the producer

5 years following

As a condition of initial licensure, an individual applicant for a producer license in one line of authority will be required to complete approved prelicensing education of how many hours? _ 20 hours - 32 hours - 50 hours - 40 hours

50 hours

How often are insurance producers required to renew their license? - Every 2 years - Every 3 years - Never: licenses do not expire - Annually

Every 2 years To renew a license, the producer must pay a renewal fee due by the last day of the producer's birth month every other year.

If an insurance producer allows his or her license to lapse, within how many months of the due date of the continuation fee may the producer reinstate the license without having to pass a written examination? - No more than 6 months - No more than 3 months - Within 12 months - Within 24 months

Within 12

A producer is required to remit premiums from a trust account to the insurer within how many days of receipt? - 30 days - 45 days - 10 days - 15 days

Within 45

The Commissioner has all of the following duties EXCEPT - Writing insurance laws. - Adopting rules and regulations concerning insurance. - Maintaining records of the insurers that have been examined. - Submitting an annual report to the General Assembly.

Writing insurance laws

What is the maximum civil penalty per violation if an unauthorized entity violates the Commissioner's cease and desist order? - $10,000 - $25,000 - $5,000 - $1,000

$25,000 The Commissioner may take the following actions against an unauthorized insurer that violated a cease and desist order: impose a civil penalty of $25,000 per violation, or direct the entity to make complete restitution to all parties affected by the violation, or both.

An insurer who willfully violates a single provision of an unfair trade practice regulation may be fined - $15,000 - $30,000 - $10,000 - $3,000

$30,000 In Colorado, an insurer who knew or reasonably should have known it was in violation could be fined up to $30,000 for each violation, not to exceed an aggregate of $750,000 annually.

What is the maximum a producer may be fined for violating a cease and desist order? - $1,000 - $5,000 - $10,000 - $500

$500

An insurer misses the deadline to respond to an Examination Request from the Division of Insurance. If this is the company's first violation, it can face a penalty of -$350. - $500. - $5,000. - $1,000.

$500 An insurer who fails to respond to a Division of Insurance inquiry by the deadline faces a $500 civil penalty for the initial violation. Fines may reach up to $5,000 for subsequent violations.

An insurer who frequently misses deadlines to respond to inquiries from the Division of Insurance may be fined, for each violation, as much as - $800. - $500. - $1,000. - $5,000.

- $5,000. An insurer who fails to respond to a Division of Insurance inquiry by the deadline faces a $500 civil penalty for the initial violation. Fines may reach up to $5,000 for subsequent violations.

How many days do producers have to report administrative actions taken against them in another jurisdiction? - 10 days - 15 days - 20 days - 30 days

- 30 days

Which of the following would be required to be licensed as an insurance producer? - A salaried employee who advertises and solicits insurance - A salaried full-time employee who furnishes information for group insurance - A person whose activities are limited to producing insurance advertisements - An insurance company director who performs executive, administrative and managerial duties

- A salaried employee who advertises and solicits insurance

Whenever the Commissioner issues a cease and desist order, how will that order be delivered to the person in violation? - By certified mail - By regular mail - Electronically - Hand delivered

- By certified mail

An insurer may not transact insurance in this state without which of the following? - Agency license - Producer's license - Certificate of Insurance - Certificate of Authority

- Certificate of Authority

Which of the following will NOT be considered unfair discrimination by insurers? - Charging applicants with similar health histories different premiums based on their ethnicity - Discriminating in benefits and coverages based on the insured's habits and lifestyle - Cancelling individual coverage based on the insured's marital status - Assigning different risk classifications to applicants based on gender identity

- Discriminating in benefits and coverages based on the insured's habits and lifestyle

To obtain a nonresident producer's license in this state, a prospective licensee must - Have attained the professional designation of either CLU or CPCU. - Pass the Colorado licensing examination. - Have a part-time residence in Colorado. - Have a similar license in his or her home state.

- Have a similar license in his or her home state.

Any request to modify an insurance license must be submitted to the Commissioner - Orally by the licensed producer. - In writing by the producer, but only on the license renewal anniversary. - In writing by the licensed producer. -By the appointing insurer.

- In writing by the licensed producer

Which of the following best describes a misrepresentation? - Discriminating among individuals of the same insuring class - Making a maliciously critical statement that is intended to injure another person - Issuing sales material with exaggerated statements about policy benefits - Making a deceptive or untrue statement about a person engaged in the insurance business

- Issuing sales material with exaggerated statements about policy benefits

Which of the following is NOT considered a misrepresentation as it pertains to unfair trade practices? - Stating that the competitors will arbitrarily increase their premiums each year - Making comparisons between different policies - Stating that the insurance policy is a share of stock - Exaggerating the benefits provided in the policy

- Making comparisons between different policies

Which of the following best describes the unfair trade practice of defamation? - Assuming the name and identity of another person - Issuing false advertising material - Refusing to deal with other insurers - Making derogatory oral statements about another insurer's financial condition

- Making derogatory oral statements about another insurer's financial condition

Which of the following is a requirement for producers who want to start selling variable life insurance and annuities? - Register with NAIC and NASD - Pass the Series 65 and 24 examinations - No examination if registered with a broker dealer - Register with FINRA and pass the Series 6 examination

- Register with FINRA and pass the Series 6 examination

Which of the following scenarios would be an example of coercion on the part of a lender? - Persuading the insured to replace policies for the sole purpose of making a commission - Persuading the insured to switch policies to the insured's detriment - Requiring the debtor to purchase insurance - Requiring the debtor to acquire a policy from a specific producer

- Requiring the debtor to acquire a policy from a specific producer

Regarding investigations of insurers, the Colorado Commissioner of Insurance may - Investigate only individuals and companies that apply for licenses. - Subpoena witnesses whenever he/she deems necessary. - Conduct investigations on his/her own but cannot subpoena witnesses. - Conduct investigations through the State Attorney General.

- Subpoena witnesses whenever he/she deems necessary.

If a company has transacted insurance in this state without a Certificate of Authority, which of the following is true of its obligations for the policies sold? - The company cannot be sued in this state. - The company is only liable for policies sold within the scope of the Certificate of Authority. - The company can still be liable for its policies in any court of this state. -The company's financial obligations will be transferred to the Guaranty Association.

- The company can still be liable for its policies in any court of this state.

:In order to facilitate responses to inquiries from the Division of Insurance, companies must maintain all records for at least - 4 years from the date on the document. - 52 weeks from the time the document was last accessed. - The current calendar year, plus the 2 prior calendar years. - 12 months from any date on the document.

- The current calendar year, plus the 2 prior calendar years. Insurance companies must maintain all books, documents, and other business records for the current calendar year plus 2 prior calendar years unless a longer time period is specified by other laws.

A friend helped an insurance producer sell an insurance policy. The producer can share the commission with the friend if - The Commissioner gives the producer verbal permission to share. - The friend is also a blood relative. - The friend is licensed in the same line of insurance. - The producer applies for a shared commission form for that fiscal year.

- The friend is licensed in the same line of insurance.

All of the following are regulations for producers using an assumed name EXCEPT - The name must be registered with the Commissioner. - The name may not be identical to the name of a producer whose license has been revoked. - The name may be similar to another name currently on file. - The name must not be misleading to the public.

- The name may be similar to another name currently on file. The Commissioner must not accept registration of any name that is similar to another currently on file, that would tend to be misleading to the public, or that is identical or similar to the name of any producer whose license has been revoked or suspended.

Believing a producer has violated provisions of the Insurance Code, the Commissioner will schedule a hearing - To allow the producer to show why penalties should not be assessed. - To revoke the producer's license. - To prevent the producer from further violations of the law. - To present the producer with the charges in person.

- To allow the producer to show why penalties should not be assessed.

A producer is subject to criminal prosecution in another jurisdiction. Within what time frame must the producer report this fact to the Commissioner? - Within 30 days after the initial pre-trial hearing - Within 10 days after the final order - Within 15 days after the initial complaint - Immediately after the hearing

- Within 30 days after the initial pre-trial hearing

What is a requirement for notifying the Commissioner of any change of address? - Within 15 days, in writing - Within 45 days, by any means of communication - Within 10 days, by any means of communication - Within 30 days, in writing

- Within 30 days, in writing

A producer enrolls in a continuing education (CE) course that is taught by his immediate supervisor. The course is worth a total of 10 credit hours. How many hours will the producer be able to count towards his total of 24 required CE hours? - 5 - 0 - 10 - 3

0 Courses taught by the producer's immediate supervisor or employee cannot be counted as part of the 24 hours required for CE.

A licensee has met licensing qualifications for Life, Health, Property, and Casualty insurance. How many separate licenses will the Department of Insurance issue? - 1 - 3 - 2 - 4

1

A certificate proving that an applicant for a license has completed the required prelicensing education is valid for how long? - 3 months - 1 year - 9 months - 6 months

1 year

When a producer's license is terminated, the producer must remit the license to the Commissioner within how many days? - 15 - 30 - 5 - 10

15 days

The Division of Insurance has requested information regarding an insurer's underwriting policies via e-mail. How many days does the insurer have to respond to this request? - 20 calendar days - 14 business days - 5 business days - 10 calendar days

20 calendar days Companies have 20 calendar days to respond to any the Division of Insurance inquiry sent in any matter other than an Examination Request/Comment Form or Examination Request/Memo Form.

After a client signs a disclosure statement regarding additional fees charged by a producer, the producer must keep a copy of the statement for at least - 5 years from the date the statement is signed. - 90 days from the date the statement is signed. - 1 year from the date of completion of the services. - 3 years from the date of completion of the services.

3 years from the date of completion of services The producer must retain a copy of the disclosure statement for at least 3 years after the completion of the services. A copy must be made available to the Commissioner upon request.

All of the following statements are true regarding producer appointments EXCEPT - Companies may appoint either individual producers or agencies. - A producer must hold at least one appointment. - The producer must be appointed at the time business is placed with an insurer. - A producer may only hold an appointment with one insurer.

A producer may only hold an appointment with one insurer. (false statement) A producer may hold just one appointment and be known as a captive agent or can represent multiple insurers, therefore holding multiple appointments. A producer must hold at minimum one appointment, but may hold as many as he or she would like.

Every insurer in the state of Colorado is required to prepare, implement and maintain an insurance anti-fraud plan. In addition, a summary of the company's anti-fraud efforts must be submitted to the Commissioner on - A quarterly basis. - A biennial basis. - An annual basis. - A monthly basis.

Annual basis

In order to get a nonresident license in this state, a producer must - Pass the nonresident state exam and satisfy their continuing education requirements. - Represent an agency located in this state. - Surrender their license in their state of residence. - Apply and pay a fee to a nonresident state that reciprocates.

Apply and pay a fee to a nonresident state that reciprocates. A producer may apply for a nonresident license by showing that they are in good standing as a producer in their home state and by paying a fee, if the two states reciprocate.

How is the Commissioner selected for the office? - Elected by popular vote - Appointed by the NAIC - Elected by state insurers - Appointed by the Governor

By Governor

A man desperately wants to become an insurance agent, but cannot pass the Colorado exam. His cousin offers to take the test under the man's name and passes. Three months after the license is issue that gets discovered. What will the Commissioner's action be? - There is nothing the Commissioner can do. - The Commissioner must wait until the license's renewal date to suspend the license. - The Commissioner can revoke the license. - The Commissioner can issue a license for the cousin.

Can revoke the license

Forcing a client to buy insurance from a particular lender as a condition of granting a loan is defined as - Rebating. - Misleading advertising. - Defamation. - Coercion.

Coercion

An unlicensed assistant works full time in an insurance agency. She may perform all of the following activities EXCEPT - Assist producers in completing applications for insurance. - Collect premium for in-force policies. - Make appointments with clients and prospective clients to meet with an insurer's agent. - Call prospects and collect expiration date of their existing policies.

Collect premium for in-force policies.

All of the following are considered to be misuses of fiduciary funds EXCEPT - Using balances in customer accounts as collateral for a loan to a producer - Reflecting a premium received as a business asset on the producer's financial statement - Collecting interest on customer balances held in a producer's trust account - Remitting a return premium to an insured 31 days after the producer received it from the insurer

Collecting interest on customer balances held in a producer's trust account

The mixing of premiums belonging to the insurer or the insured with the producer's personal funds not related to the business is called - Controlled business. - Commingling. - Fraud. - Rebating.

Commingling

An insurance producer just sold an insurance policy to his sister. What kind of business is this? - Internal - Personal - Illegal - Controlled

Controlled

When a producer was reviewing a potential customer's coverage written by another company, the producer made several remarks that were maliciously critical of that other insurer. The producer could be found guilty of - Defamation. - Discrimination. -Nothing, unless the remarks were in writing - Misrepresentation.

Defamation

All of the following could be considered rebates if offered to an insured in the sale of insurance EXCEPT - An offer to share in commissions generated by the sale. - An offer of employment. - Stocks, securities, or bonds. - Dividends from a mutual insurer.

Dividends from a mutual insurer Dividends paid to policyholders of a mutual insurer are not considered to be a rebate because the policy specifies that they might be paid.

How often must the Commissioner examine all insurers to guard against insurance company insolvency? - Every time the Certificate of Authority is renewed - At least once every 3 years - Annually - At least once every 5 years

Every 5 years Reasoning The Commissioner may conduct an examination or investigation of any company or person as often as deemed appropriate, but at least once every 5 years.

Producers who wish to sell variable life insurance in this state must be registered with what entity? - IRS - FINRA - SEC - NAIC

FINRA Reasoning Producers applying for license qualification to include variable contracts must furnish evidence that they have a current registration with the Financial Industry Regulatory Authority (FINRA), and evidence that they have passed the series 6, 63, or 7 exams.

An insurance producer is prohibited from charging separate fees for any of the following services EXCEPT - Making copies of insurance documents. - Extending business hours. - Quoting premiums. - Financial planning.

Financial planning

Noncompliance with the regulation regarding fees charged by producers may result in which of the following penalties? - A fine up to $25,000 per violation - Requiring the producer to complete continuing education on ethics - Imprisonment - Fines and license suspension or revocation

Fines and license suspension or revocation

Which of the following is a producer's fiduciary duty? - Selling insurance - Signing an application - Making a commission - Handling premiums

Handling premiums

When the Commissioner believes that a person has engaged in an unfair method of competition or an unfair trade practice, before issuing a cease and desist order, the Commissioner must - Revoke the person's license. - Hold a hearing. - Contract the state governor. - Subpoena witnesses.

Hold a hearing

When would a producer be able to transact insurance through an unauthorized insurer? - Under no circumstances - Only group insurance - Any time there is a better rate for the applicant - If surplus lines insurance

If surplus lines insurance All insurance transactions must be conducted through an authorized insurer unless surplus lines insurance, reinsurance, or other types of eligible transactions.

A producer's appointment with an insurer has been terminated. Under what circumstances can the producer sue the insurer or the Commissioner for information provided during producer investigation? - If no regulatory enforcement agencies are involved - Under no circumstances - In the absence of reliable information about the producer - If the termination was a result of willful and malicious behavior

If the termination was a result of willful and malicious behavior In the absence of willful and wanton behavior, an insurer, its authorized representative, a producer, the Commissioner, or an organization of which the Commissioner is a member and that compiles the information and makes it available to other Commissioners or regulatory or law enforcement agencies will not be subject to civil liability.

An insurer publishes intimidating brochures that portray the insurer's competition as financially and professionally unstable. Which of the following best describes this act? - Illegal until endorsed by the Guaranty Association - Legal, provided that the other insurers are paid royalties for the usage of their names - Legal, provided that the information can be verified - Illegal under any circumstances

Illegal under any circumstances

Which of the following is NOT a penalty for violating provisions of the Insurance Code? - Monetary fine - Payment of a contractual obligation - License revocation - Imprisonment

Imprisonment

According to agency law, the producer always represents the - Public. - State Insurance Department. - Client. - Insurance company.

Insurance company Under agency law the producer legally represents the insurance company with which they are contracted.

If the Commissioner believes that an unauthorized person is engaging in the business of insurance in violation of the provisions of the Insurance Code, creating an immediate danger to the public safety, the Commissioner may - Publish a warning in an official newspaper circulated in Colorado. - Notify the National Association of Insurance Commissioners. - Issue an emergency cease and desist order. - Order an immediate hearing to be conducted.

Issue an emergency cease and desist order. The Commissioner may issue an emergency cease and desist order if he believes that an unauthorized person is engaging in the business of insurance in violation of the provisions of the insurance code and if it appears that the alleged conduct is fraudulent, creates an immediate danger to the public safety, or is causing or can be reasonably expected to cause significant, imminent, and irreparable public injury.

An insurer receives an Examination Request Form dated June 2 from the Division of Insurance. The insurer must respond by - June 9. - June 7. - June 12. - June 16.

June 12 Companies must respond to an Examination Request/Comment Form or Examination Request/Memo Form within 10 calendar days from the date on the form.

An insurance producer must renew his or her license by which of the following dates? - Last day of the producer's birth month every 2 years - Last day of the producer's birth month every year - December 31st every other year - March 1 odd-numbered years.

Last day of the producer's birth month every 2 years

On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of - Unfair claim practice. - Rebating. - Misrepresentation. - Concealment.

Misrepresentation

Which of the following is a requirement for an insurance agency transacting insurance in Colorado? - It must be a resident agency. - It must obtain a producer license. - It must register all its members with the Commissioner. - All employees must be licensed producers.

Must obtain a producer license An insurance agency or business entity acting as an insurance producer must obtain an insurance producer license.

In which of the following situations is it legal to limit coverage based on marital status? - Legal separation during the application process - Excessive number of divorces, as defined by the Insurance Code - Divorce within the last six months of applying for insurance - It is never legal to limit coverage based on marital status.

Never Availability of insurance benefits or coverage may not be denied based on sex or marital status. Marital status may be considered for the purpose of defining persons eligible for dependent benefits.

How often must insurance companies doing business in Colorado file financial statements with the Commissioner? - Once a month - Once a year - Every 6 months - Every other year

Once a year, on or before March 1

Under Colorado's Unfair Claims Practices regulations, when denying a claim an insurer must do all of the following EXCEPT -Respond promptly to claims communications. - Indicate to the claimant which section of the policy they are relying upon. - Pay a claim that occurs after the grace period has ended. - Conduct a reasonable investigation.

Pay a claim that occurs after the grace period has ended. A claim that occurs during a grace period of a policy is covered, the insurer will simply deduct premium owed from the claim and pay the rest up to a limit, if one is indicated on the policy. Once the grace period ends, a policy expires and no further claims are valid.

In the state of Colorado, an unfair trade practice of defamation is considered a - 1st degree violation. - Felony. - Petty offense. - Misdemeanor.

Petty offense

Which of the following statements is INCORRECT with regards to Surplus Lines Insurance? - Before coverage is placed with a surplus lines company, diligent effort must be made to place the risk with admitted insurers. - Policies written by a surplus lines insurer typically contain standard coverages and forms. - Business placed with a surplus lines insurer is subject to a premium tax that must be collected by the broker. - To sell Surplus Lines Insurance, the licensee must obtain a Surplus Lines Broker's License.

Policies written by a surplus lines insurer typically contain standard coverages and forms. Surplus lines insurer do not have to file their rates or forms with the insurance department, and because they are not admitted, each policy will show an amount as premium tax payable to the Department of Insurance.

A person who solicits, negotiates, delivers, or renews insurance contracts issued in this state needs to hold what type of license? - Producer - Managing General Agent - Consultant - Limited Line Representative

Producer

Insurers must complete claims investigations - Within 15 days. - Within 30 days. - Promptly. - Within 45 days.

Promptly

A producer's license has been suspended for noncompliance with continuing education requirements. What is the producer's duty regarding the license? - Keep it without using it until the suspension is lifted - Turn it in to the insurer - Destroy it - Promptly return it to the Commissioner

Promptly return to commissioner

The purpose of insurance regulations is to - Achieve uniformity with the regulations of other states. - Protect the insurance buying public. - Protect the insurance companies. - Protect insurance producers.

Protect insurance buying public

Which of the following is a specific service for which an insurance producer is NOT allowed to charge a fee to the applicant or policyholder? - Investment counseling for which the producer does not receive a commission from the insurer - Qualified retirement plan design for which the producer receives a commission from the insurer - Estate planning for which the producer does not receive a commission from the insurer - Risk management services for which the producer does not receive a commission from the insurer

Qualified retirement plan design for which the producer receives a commission from the insurer

It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability? - Address - Age - Occupation - Sexual orientation

Sexual orientation

All of the following are considered unfair trade practices in the business of insurance EXCEPT - Rebating. - Defamation. - Sharing commissions. - Boycott.

Sharing commissions

Which of the following describes the duties of an insurance producer? - Soliciting or negotiating insurance contracts on behalf of the insured or applicants - Soliciting, negotiating or delivering insurance policies on behalf of the insurer - Providing advice or counsel regarding insurance policies for a fee - Procuring insurance from an unauthorized insurer

Soliciting, negotiating or delivering insurance policies on behalf of the insurer

A producer who is licensed to transact several types of insurance wants to remove a line of authority from his license. What should the producer do? - Submit an appropriate form to the Commissioner and return the license for amendment - Allow the license to expire and obtain a new license for the right line of authority - Send a letter of notification to the Department of Insurance notifying them of the intent to stop transacting insurance - Nothing: once licensed for a line of authority, a producer cannot remove that line from his/her license.

Submit an appropriate form to the Commissioner and return the license for amendment

All of the following are unfair claims settlement practices EXCEPT - Failing to adopt and implement reasonable standards for settling claims. - Refusing to pay claims without conducting a reasonable investigation. - Suggesting negotiations in settling the claim. - Failing to acknowledge pertinent communication pertaining to a claim.

Suggesting negotiations in settling the claim.

Who is responsible for covering the expenses associated with the examination of domestic insurers? - The Insurance Guaranty Association - The Department of Insurance - The examined insurer - The Commissioner

The examined insurer All reasonable expenses and charges associated with the examination must be paid directly by the examinee to the examiner.

The Commissioner is conducting an examination of a foreign company located outside of Colorado. Who is responsible for the cost of the examination? - The foreign company - The State Insurance Guaranty Association - The Department of Insurance of the company's domicile - The Colorado Department of Insurance

The foreign company The costs of financial examination of foreign companies made outside of Colorado must be paid by the company examined and must include the expenses of the Commissioner.

Which of the following accurately describes the ability of a licensed Colorado resident producer to become licensed in other states? - The producer can only get a nonresident license in other states where the producer maintains a part-time residence. - The producer can get a nonresident license in all reciprocal states. - The producer can get a license in all other states. - The producer can only get a license in another state by passing an examination.

The producer can get a nonresident license in all reciprocal states.

If a governmental agency in this state files an administrative action against an insurance licensee, the report of the action to the Commissioner must include all of the following EXCEPT - The order resulting from the hearing. - The producer's production records for the prior year. - A copy of the initial complaint. - Other relevant documents of the complaint or hearing.

The producer's production records for the prior year.

The regulation of the insurance industry primarily rests with -The federal government. - The NAIC. - The state. - Private insurers.

The state

Producers will be deemed to be using their license primarily to write controlled business if, during any 12-month period - The total premium on controlled business equals 15% or more of the total of all premiums on business written. - The licensees write more than two policies on themselves or their property. - The total premiums on controlled business exceed the total premiums on all other business written. - The licensees write more than 5 policies classified as controlled business.

The total premiums on controlled business exceed the total premiums on all other business written. Producers will be deemed to be using their license primarily to write controlled business if, during any 12-month period, the total premiums on controlled business exceed the total premiums on all other business written.

An insurer with their home office in another state may do business in Colorado if - They write insurance for Colorado residents. - They register as a domestic company in Colorado as well. - They are granted an exemption by the Insurance Commissioner. - They obtain a Certificate of Authority in Colorado.

They obtain a Certificate of Authority in Colorado.

If the Commissioner believes a producer has committed a violation of an insurance law, the Commissioner will hold a hearing. What is the purpose of the hearing? - To allow the aggrieved party to be heard - To allow the public to participate in the disciplinary procedures - To deliver a cease and desist order to the violator - To officially revoke the producer's license

To allow the aggrieved party to be heard If the Commissioner receives any information regarding the possible violation, the violating person will be required to appear and show cause why the Commissioner should not discontinue, revoke, suspend, or refuse to issue or renew the person's license.


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