Maintaining Lincenses

Failure to update residential, business address, or email address requires a mandatory penalty of _________________ and is grounds for losing your license.

$100

In a producer licensing law violation the commissioner will request the producer provide a list of all appointing insurers, if such a request is made the producer has ____ days to supply the list to the commissioner.

10

Producers who have let their license lapse for more than ______ months must start licensing all over again.

12

Insurance producer licenses must be renewed every _______ years.

2

A total of ______ hours of continuing education must be obtained during the two year period in order to renew a producer license.

24

Controlled business is not prohibited, but limited by statute not to exceed ___________% of your commission income, earned in any 12 month period of time.

25

All producers must notify the commissioner within ________ days of any change of residential, business address, or email address.

30

The applicant or licensee/producer has _________ days from the date of ntoice was mailed to make a written demand for a hearing. The hearing must be held within ________ days after the request is made.

63 30

The _____________ business law is designed ot keep a person from obtaining an insurance license primarily for the purpose of purchasing their own insurance at a discount.

controlled

Writing business on your _______ is NOT considered Controlled Business.

friends

The Commissioner will _________ the applicant or licensee/producer by regular first class mail that their application for a license or their request for renewal has been denied.

notify

Commissions may only be paid to licensed persons, who are called ________________.

producers

Licensed producers may not giver part of their commission or anything of value not specifically stated in teh insurance policy, back to a client in order to induce that client to purchase insurance doing so is called __________

rebating