Kentucky insurance law

twisting is

-misrepresentating the terms and conditions of the existing policy to make the new policy to make the new one more attractive -embellishing the terms of the proposed policy in order to convince the insured to switch -making an incomplete comparison between the existing and proposed policies

a producer has just received his insurance license. first how many days may the producer initially transact insurance for an insurer without an appointment ?

15 days

agents must keep records of all insurance transactions for at least:

5 years

a request from the commissioner for a person to stop committing a violation is called

a desist order

all policies of credit life or credit health insurance must be delivered or issued for delivery in Kentucky only by:

an insurer authorized to do insurance business and such policies must be issues only through holders of licenses issued by the commissioner

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

false advertising

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. What is the company guilty of?

misrepresentation

An agent offers a client free tickets to a sporting event in exchange for the purchase of an insurance policy. What is the agent guilty of?

rebating

ut would be considered unfair discrimination to ask an applicant about what and to use that information as a rating factor to determine insurability?

sexual orientation

when must an agent notify the Department of Insurance of a change if address?

within 30 days