Kansas Insurance Life and Health Pre-Study Course Latest Update Graded A+
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Course
Kansas Insurance Life and Health
Institution
Kansas Insurance Life And Health
Kansas Insurance Life and Health Pre-Study Course Latest Update Graded A+ Producer An individual and/or an entity authorized in writing (through a company contract) by a lawfully qualified insurance company to transact, negotiate, or effect contracts of insurance on behalf of that insurance company...
Kansas Insurance Life and Health Pre -
Study Course Latest Update Graded A+ Producer ✔✔An individual and/or an entity authorized in writing (through a company contract) by a lawfully qualified insurance company to transact, negotiate, or effect contracts of insurance on behalf of th at insurance company. Resident Producer ✔✔A person that resides in a state and is licensed to "transact insurance business" for at least one insurer in that same state. Non-Resident Producer ✔✔A producer that is licensed in their home state (where they r eside) & has written permission (a non -resident license) to sell in a state in which they do not live. The Commissioner of Insurance ✔✔Primary purpose is to enforce insurance code, 4 year term, administers or regulates existing laws that have ALREADY been passed by the Legislature. Does not make or change laws, but does have the power to make reasonable rules or regulations to ensure existing laws are being followed. Commissioner's Fines ✔✔$1,000 for each unintentional act, $2,000 for each intentional act Fines of a Cease and Desist order ✔✔6/mo period up to $1,000 per violation up to a max of $10,000 unintentional, $5,000 per violation up to $50,000 intentional Continuing Education ✔✔In order to keep your license, you must complete your continuing educa tion requirements. Your CE must be completed every two years (Biennium) by your birthday. 12 hours for life and health. Misrepresentation of Policies and Applications by Producers ✔✔If a producer knowingly gives false information or untrue comparisons of any policy's benefits, advantages, or dividend schedule of either an existing policy or the one that the producer is trying to sell; this also includes any misinformation about any company's financial condition or its reserves. Twisting ✔✔The practice of misleading clients towards one's own insurance coverage. Insurance Company Advertising Compliance ✔✔The insurance company must submit a letter of compliance to the Kansas Insurance Department as condition for advertising in Kans as stating that the company agrees to comply with Kansas laws pertaining to insurance regulations. Advertisements should be submitted to your company for approval prior to being used. The information used in the advertisement is then kept on file at the in surance company for inspection by the Kansas Insurance Department for a period of at least 4 years.
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