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Oregon Insurance Laws and Rules Exam Questions and Answers (latest 2024)
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Oregon Insurance Laws and Rules Exam Questions and Answers (latest 2024)
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Oregon Insurance Laws and Rules ExamQuestions and Answers (latest 2024)
A producer has ____ days to request a hearing on a cease-
and-desist order issued by the Director. - Correct Answer
✅20
The Director must schedule a hearing on a cease-and-desist
order within ____ days of receiving the request from the
alleged violator. - Correct Answer ✅30
The Director must give at least ____ days' notice as to where
and when a hearing will be held. - Correct Answer ✅Seven
The maximum amount an individual producer may be fined
for each Insurance Code violation is $____ - Correct Answer
✅1000
An insurer may be fined up to $____ for each Code violation. -
Correct Answer ✅10,000
All fines are paid to the ____ ____ of the State Treasury. -
Correct Answer ✅General Fund
, Oregon Insurance Laws and Rules Exam
Questions and Answers (latest 2024)
A person would have ____ days to apply for a hearing on any
civil penalty imposed. - Correct Answer ✅20
If a penalty is not paid within ____ days after the final order is
issued, the order may be recorded with the clerk in any
Oregon county. - Correct Answer ✅10
The ____ ____ and ____Guaranty Association pays claims for
impaired and insolvent life and health insurers. - Correct
Answer ✅Oregon Life & Health
The guaranty associations operate under the direct
supervision of the ____. - Correct Answer ✅Director
The Oregon Insurance Guaranty Association will cover claims
from ____ and ____ policies, including Workers Compensation.
- Correct Answer ✅Property & Casualty
Hiding an applicant's medical conditions from an insurance
company to enable an applicant to obtain life or health
insurance is called clean ____ - Correct Answer ✅Sheeting
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