Authorized insurer - Study guides, Class notes & Summaries

MD Accident, Health & Life Producer Questions and Answers 100% Solved An Alien Insurance company soliciting insurance in this state would accurately be described by which of the following? A. It must possess a Certificate of Authority from the NAIC, and it is organized under the laws of another country B. It must possess a Certificate of Authority from this state, and it is organized under the laws of another country C. It is organized under the laws of this state, and holds a Certificate of...

Mississippi Insurance Test Questions and Answers 100% Pass The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following...

The Commissioner of Insurance in Mississippi is elected to office for a term of - 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is - $1000 A foreign insurer - An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Property Insurance Unde...

California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) California PSI Site - Life, Accident and Health Agent Examination (Life Agent) | Questions & Solutions (100% Correct) Admitted Insurance Company vs. Non-Admitted Insurance Company - ANSWER - An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-...

Georgia Life and Health Insurance Exam Questions and Answers 100% Pass Accident - Correct Answer ️️ -An unplanned unforseen event which occurs suddenly at an unspecified place Accident insurance - Correct Answer ️️ -A type of insurance that protects the insured against loss due to an accidental bodily injury Accidental bodily injury - Correct Answer ️️ -Unplanned unforseen traumatic injury to the body Accidental Death and Dismemberment - Correct Answer ️️ -An insurance po...

Admitted Insurance Company vs. Non-Admitted Insurance Company - An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of failing to comply with California requirements or did not seek admission Pure Risk vs. Speculative Risk - Pure risks are insurable but Speculative risks ar...

The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Prope...

A savings vehicle designed to first accumulate funds and then systematically liquidates the funds is called a(n) - Deferred Annuity Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? - 60 Payments What distinguishes a deferred annuity from an immediate annuity? - The time at which benefit payments start The systematic liquidation of a sum of money...

MS Property & Casualty Questions and Answers Already Passed To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 24 hrs & 3 of those hours ethics To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 12 hrs A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the s...

California Life Accident and Health Exam Practice 2024 A ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? A ABC INSURANCE B JOHN C JANE D NONE D ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE INSURANCE POLICIES IN A PARTICULAR STATE. A DOMESTIC B NON-ADMITTED C FOREIGN D ADMITTED B A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN INSURED -Answer-WHICH OF THE FOLL...