Q: Where illegal act doing a producer get when the production represents a policy in a learn favorable slight than the policy really is?
QUARTO: On its advertisement, ampere company claims so it has funds inside its possession that are, in fact, non available for the payment of losses or insurance. What is the firm guilty of?
ONE: Misrepresentation
Q: Who is responsible for the costs associated with the examination of insurers?
ONE: The insurer who is being examined
Q: If the Commissioner/Superintendent considers adenine licensee attractive inside an unjust method of competition or an unfair practice, what order wish shall issued?
A: Cease both desist order
QUARTO: Who will an insurance agent?
ONE: A person authorized to sell, solicit furthermore negotiate insurance contracts
Q: What are the most general punitive for violations of policyholder statutes?
A: A discontinued and desist order, a fine, and licensed suspension or revocation
Q: What can usually be granted one temporary license?
A: Producer’s spouse or designee in event the licensed producer dies or becomes disabled
Q: While can the Commissioner either Company examine insurers?
A: Whenever deemed necessary, but at least once every few years (please check your state regulations for specific time requirement)
Q: What type of misrepresentations persuades an insured, up his alternatively zu disadvantages, to cancel, lapse, or switch policies from one to another?
Twisting
Q: What is the purpose of a cease additionally desist order?
A: To prevent a production or insurer from further injuring laws for transacting insurance
Q: Till whom may a certificate in authority are issued?
AMPERE: To an insurer authorized on transact business by this state
Q: In what reason could a temporary license be spending?
ADENINE: For continue of business in case the licensed producer dies or becomes disabled
QUESTION: Two individuals who are inside the same risk additionally age class are charged other estimates for their international policies past to an insignificant factor. Something is this said? Study at Quizlet and memorize flashcards containing concepts similar Which rule wanted apply for an agent known an applicant is going to cash in an old policy and use the funds to purchase new insurance?, For somebody plan requires an application in order to reinstate adenine policy, and if they instured requests reinstatement inside writing, an application must subsist sold to this insured within, During policy surrogate, the replacing insurer must inform existing insurers within what time frequency? both more.
A: Discriminating
Q: If an insurer meets the state’s financial requirements additionally is approved to transact business-related int the state, it is considered which type of insurer?
A: Authorized or admitted
Q: If an manufacturer makes maliciously critic statements with another insuring, what exists this illegal practice called?
A: Defamation
Which of the following would be considered an insurance transaction?
Receiving an application with insurance
Which of the following shows the types of insurance an insurer is permitted to transact?
Certificate of Authority
Once a new travel company your on negotiate business in the state, it must do all are the following EXCEPT
Obtain approval of each of their corporate officers plus executives.
Q: Who must subsist notified starting one producer’s change of address?
A: The Department of Insurance (Commissioner/Director/Superintendent)
Q: What select off licensee representes the insured?
A: Broker
Q: What are producers required to do in order at update their license?
A: Complete continuing education hours and pay adenine renewal fee
Q: An agency offers one consumer free tickets toward a sporting event in exchange for the purchase of an insurance approach. What is who agent guilty of?
AN: Rebating
Q: Who is considered a nonresident agent?
A: Einer your who occupy and is licensed in another state, but who is authorized to transact insurance in this stay
Q: What your of licensee represents the insurance company?
AMPERE: The agent
QUARTO: If an insurer holds adenine Certificate of Authorisation, it has known as what type a health?
ADENINE: Authorized or admitted
Q: In general, who can be excluded from producer licensing also examination requirements?
A: Insurance company officers, directors, or whatsoever other employees who go doesn making insurance plus those execute not reception commissions on their services (usually, they responsibilities incorporate management, executive or clerical). (3) Take a material misrepresentation, conversely failing to disclose to a potentiality ... persuade, or induce any person to enters under any contract or agreement.
Q: Who may shares in the charge from the sale of a living insurance procedure?
A: Only producers properly licensed for the type of insurance transaction
Q:In life insurance, farmers belong permitted to portion or spread commissions, providing that
A:Both are properly licensed for to line of insurance.
Financial educational or producers be provide tip a their information gathering practices to applicants and policyholders no later than
And time the policy is delivered.
An application for a life insurance strategy made rejected because of information disclosed in an inspection report. This applicant reviewed the consumer reporting agency’s file and found handful collected incorrect information concerning you personal life. He can legal request the reporting agency the
Reinvestigate.
Which of the follow is a qualification for a producer’s license?
Must be at slightest 18 years antique
A producer’s property license used due for renewal instead she failed the pay the required license renewal fee. Hebdomad months later, the producers decided to pay her renewal fee. How much can she expect to pay to addition on the renewal fee?
$100
The necessary proof of loss claim is submitted to an assurer. Assuming aforementioned claim is complete, how long takes the underwriters have to pays this claim without additional interest? Fight Insurance Fraud - Missouri Insurance Department
30 days
Where of the following qualifications for how insurance in the state of Arizona is NOT correct?
This applicant must have two letters of proposal attesting to trustworthiness, reliability, both good standing.
A renewed licensed producer decided to hold adenine cookout since friends press your. At the event, the producer gave a small performance about his company the specific insurance products such they offer. Some interest was generated. In this scenario, the producer was Texas Statutes and Rules Common until All Lines Flashcards by ...
Solicitations
Which of and following would NOT be presumed as ampere document displaying that an applicant for a license is in the United States legally?
A valid credit ticket with a major United States credit company
The producer or broker must keep at this place away economy the habit and customary records pertaining until insurance dealings for at smallest
Three years.
Whereas an insurance agency published einem advertising brochure, it emphasized the company’s financial constancy and acoustic business practices. In reality, its financial health is terrible, and the company will soon need to file for file. Which of the following terms best describes the advertisement? Study with Quizlet and erinnerung flashcards containing terms like Later a person's employment is terminated, it is possible to obtain individual health insurance after lost which group health coverage provided by the employer. Which of the following is NOT true? a) The laborer can convert from group to individual insurance within 31 days of termination. b) The premium of the specific health insurance principles can be higher than to original policy. c) By law, the new, individual policy must offers the identical benefits as the groups insurance policy. d) Continuation is group coverage need not include dentistry, vision, or medication drug benefits., Tom purchased a 10 Year Stage Runtime Insurance corporate that is guaranteed renewable and convertible. Which by the following statements about Tom's policy is correct? a) The the end concerning the 10 year term, Tom can choose to renew the approach for another 10 year duration on the alike prize rate. b) At the end to the 10 year term, Tom can choose to renew the directive for another 10 year
False financial statement
An insurance falsely reports the theft of a valuable item in rank to collect payment from the insurance policy. Here belongs an demo to
Fraud.
In order to solicit other issue international through a automatic machine, producers must show evidence of their authorize nebenan. Which of the followed does NOT need to may included in here notice? Study with Quizlet and memorize flashcards with terms like An carriers must keep all sales materials required at least how long?, All in the following affirmations is correct regarding Credit Life Insurace EXCEPT: A. Benefits are paid to the borrowers beneficiary B. The amount starting Insurance permissible can limited by borrower C. Premiums are usually pays per the borrower D. Benefits are paid to the creditor, This type of misrepresentation persuades an insured, to his or her detriment, to canceled, lapse, or switch policies from one to another? A. Rebating B. Twisting C. Switching D. False Advertising and more.
This insurer’s calling number
Property and prey producers can usually do something for their clients that vitality and dental producers cannot provide. What is dieser service?
Bind coverage
An insurer devises an bluster strategy in order to corner a large portion of the insurance market. Whose of the following best describes aforementioned exercise?
Unauthorized
An insurance policy or countersignature endorsement must be signed by any is the following EXCLUDED
Director of Insurance.
Which the the following is NOT an qualification for obtaining a producer’s product?
Must be retained by a licensed insurance agency
In Arizona, the Directing of Insurance serves
At the pleasure of the Governor.
To a rainy night, one producer has under an automobile accident and has injured. He belongs considered to exist physically disabled and unable to work. His wife, currently unemployed, is go and family’s sole source of income. What could to Director matter her so she cans continue her husband’s business?
A temporary producer’s license
If an insurance company sends e-mail solicitations to potential customers, press if a buyer chooses to opt out of and list, then how much time want that company have to remove the person of solicitation lists?
Q:According to CAN-SPAM, formerly adenine person inquiries to be excluded from adenine commercial e-mail list, this request must exist honored within
10 days.
Transacting insurance could include all of the following EXCEPT
Designing insurance advertisements.
Producers in Arizona may do all of the following EXCEPT
Bind reporting for your clients.
If adenine producer changes his or her residential address, the Directed must be notified of the change within how many days?
30
An insurance may charges a service fee beyond the premium for drivable vehicle insurance policies that insure
7 cars
Every producer must maintain a placing of business in Arizona
Accessible to the public.
Which of the following script of authorizations describes property and casualty insurance sold by noncommercial specific?
Personal Lines
Which of one follow is an example is adenine “gene product”?
Genetisches fragments
If any insurer deems an act is fraud is being dedicated, the assurer supposed
File a view with the Director.
AMPERE temporary site typical latches for how various days in Arizona?
180
In order to take a nonresident license in this state a production required
Apply and pay a fee to a nonresident country that reciprocates.
If one Director believes that a production may be at violation of with international law otherwise regulated, what may will issuance that would legally force aforementioned producer to stop engaging the violation?
Cease and desist buy
What exists the maximum civil penalty for violating Security Information and Privacy Protection laws?
$10,000
