Tennessee Laws and Rules/ Questions with Certified Answers/ .
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Tennessee Laws and Rules
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Tennessee Laws And Rules
Tennessee Laws and Rules/ Questions with Certified Answers/ . Terms like:
The Commissioner would like to hold a hearing against a producer. Before the hearing os held, a notice - Answer: must be sent by registered or certified mail to the producer's address on file
All of these statements re...
Tennessee Laws and Rules/ Questions with
Certified Answers/ 2024-2025.
The Commissioner would like to hold a hearing against a producer. Before the hearing os held, a
notice - Answer: must be sent by registered or certified mail to the producer's address on file
All of these statements regarding referrals are true EXCEPT:
-The Commissioner may establish by rule a maximum amount for each referral
-The person making the referral may not discuss the specific policy terms and conditions
-Referral fees may not be tied to the purchase of a policy
-Referral fees must be filed and approved with the Commissioner of Insurance - Answer:
Referral fees must be filed and approved with the Commissioner of Insurance
Unfair discrimination is BEST described as - Answer: charging a different rate for someone in the
same actuarial class
In Tennessee, the MAXIMUM fine that the Commissioner can impose on a producer is ______
per violation. - Answer: $1,000
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, Who determines the education credits needed for a producer's continuing education? - Answer:
Commissioner of Commerce and Insurance
Insurance contracts may be sold, solicited, or negotiated by an insurance producer ONLY upon -
Answer: becoming an appointed producer of an insurer
When does the Free-Look provision for health insurance begin? - Answer: Date the policy is
delivered to the insured
Which of the following is NOT a requirement to sell, solicit, or negotiate Long-term Care
insurance?
-Be a licensed producer for life or health
-Complete a one-time 8 hour Long-term Care specific training course
-Complete 4 hours of Long-term Care continuing education
-Complete a one-time 4 hour course on estate planning - Answer: Complete a one-time 4 hour
course on estate planning
P's individual health policy is now in the Grace Period. P's coverage will remain in force if -
Answer: the premium is paid
A licensed producer can be BEST described as a(n) - Answer: individual who places insurance on
behalf of anyone seeking insurance
Which of the following is an example of defamation? - Answer: Circulating
brochures that falsely denounce the financial condition of an insurer
Which of these is NOT a fair marketing practice when an existing insurance policy is being
replaced? - Answer: Reduce the cost by lowering the commission
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