State of Illinois Property and Casualty Laws with Complete Solutions Illinois Property Insurance Exam - Basic Principles with Complete Solutions Producer Property Exam Illinois Questions with 100% Correct Answers Illinois Property Producer State Exam Questions with Correct Answers Property/Casualty...
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What is the NICB? Correct Answer National Insurance Crime Bureau. It is the nation's premier not-for-profit organization dedicated exclusively to fighting insurance fraud and crime. What are hate crimes motivated by? Correct Answer Race, color, ancestry, national origin, disability, gender, or s...
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Add to cartWhat is the NICB? Correct Answer National Insurance Crime Bureau. It is the nation's premier not-for-profit organization dedicated exclusively to fighting insurance fraud and crime. What are hate crimes motivated by? Correct Answer Race, color, ancestry, national origin, disability, gender, or s...
Who appoints the director of insurance? Correct Answer governor Cease and Desist Order Correct Answer -Hearings will be held between 20 and 30 days from the date of the hearing notice -The notice must state the nature of the violation FINES -Offenders who violate a cease and desist order ...
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Add to cartWho appoints the director of insurance? Correct Answer governor Cease and Desist Order Correct Answer -Hearings will be held between 20 and 30 days from the date of the hearing notice -The notice must state the nature of the violation FINES -Offenders who violate a cease and desist order ...
ISO (Insurance Services Office) Correct Answer ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. -they can be modified to comply with state regulations -may be modified to a degree for insurance companies to...
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Add to cartISO (Insurance Services Office) Correct Answer ISO creates standardized property and casualty insurance policies that are approved by states and used as a standard policy for insurers. -they can be modified to comply with state regulations -may be modified to a degree for insurance companies to...
An insurance producer license is required of an individual to: Correct Answer Solicit- sell or ask person to apply Negotiate- confer/offer advice, quoting rates Sell- binding, renewing Give advice for a fee Receive commission Brokering Correct Answer broker is a producer who arranges...
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Add to cartAn insurance producer license is required of an individual to: Correct Answer Solicit- sell or ask person to apply Negotiate- confer/offer advice, quoting rates Sell- binding, renewing Give advice for a fee Receive commission Brokering Correct Answer broker is a producer who arranges...
The head of the Illinois Department of Insurance is the Correct Answer Insurance Director An Insurance Producer who violates a cease and desist order issued by the head of the insurance department may have his license suspended or revoked and be fined a maximum penalty of Correct Answer $5,000 ...
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Add to cartThe head of the Illinois Department of Insurance is the Correct Answer Insurance Director An Insurance Producer who violates a cease and desist order issued by the head of the insurance department may have his license suspended or revoked and be fined a maximum penalty of Correct Answer $5,000 ...
Powers and Duties of the Director Correct Answer 1. Approve all policy forms, but cannot approve or disapprove premium rates on most types of insurance. 2. Create rules and regulations that support the law. 3. Conduct investigations, examinations and audits to determine if the law has been violate...
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Add to cartPowers and Duties of the Director Correct Answer 1. Approve all policy forms, but cannot approve or disapprove premium rates on most types of insurance. 2. Create rules and regulations that support the law. 3. Conduct investigations, examinations and audits to determine if the law has been violate...
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