Authorized insurer - Study guides, Class notes & Summaries

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

PA Motor Vehicle Damage Appraiser's License Questions and Answers 100% Pass Applicant Age 18 years or older How long do you have to wait to be eligible to retake an examination if you fail? 30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Experience and Fitness req...

Washington Life and Health (Disability) Questions and Answers Latest Update Graded A+ An insurer authorized to do business within this state is considered what type of insurer? A Alien B Domestic C Foreign D Admitted D-Admitted An insurer authorized to do business in this state is referred to as admitted, and could be either domestic, foreign, or alien domiciled. A long-term care policy can exclude from coverage all of the following, except: Hospitalization (acute ca...

Mississippi Insurance Test Complete Questions & Answers (GRADED A)Mississippi Insurance Test Complete Questions & Answers (GRADED A)Mississippi Insurance Test Complete Questions & Answers (GRADED A)Mississippi Insurance Test Complete Questions & Answers (GRADED A)Mississippi Insurance Test Complete Questions & Answers (GRADED A) The Commissioner of Insurance in Mississippi is elected to office for a term of - ANSWER 4 years The burden of proof for determining that a producer is representing ...

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...

WV Life Insurance Laws and Rules Latest Update Graded A+ Examination of Records The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order the ...

Producer ️ licensed person who has the authority to sell, solicit, or negotiate insurance contracts Who has permission to cancel the license? ️ the commissioner Agent ️ person or corporation authorized to solicit insurance, collect premiums & transact insurance business on behalf of an insurance company Producer is appointed by who ️ appointed by the agent to represent the insurer & an insurer can cancel the appointment of agent DIFS ️ Dept of Insurance and Financial Services, ...

Fundamentals Of Insurance (BC) 2023 1. Insurance plays an important role in managing financial risk. The main purpose of Insurance is to: A. Enable the consumer to obtain loan or mortgage. B. Provide employment and investment capital. C. Allow spread of risk. D. Reduce losses through loss prevention and loss reduction.: C. Allow spread of risk. 2. When the insurer terminates an insurance policy, ALL of the following conditions apply, EXCEPT one. Pick the exception: A. The insured is e...

FLORIDA LIFE INSURANCE/ ANNUITIES 2-14 STUDY SET EXAM WITH CORRECT ANSWERS Which of the following individuals MUST be licensed as an agent? - CORRECT ANSWER-A person who places insurance on behalf of anyone seeking insurance. Which of the following statements regarding a nonresident insurance agent is CORRECT? - CORRECT ANSWER-The agent must hold a similar license in their state of residence State insurance laws specifically allow the Commissioner(or Director) to issue a temporary...

CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. Any situation that presents the possibility of a loss is known as a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? Personal ...

California Property and Casualty Insurance Exam Questions and Answers 100% Pass What is the required rate discount under a Good Driver Discount policy? - Correct Answer ️️ -20% below the rate the insured would have been otherwise charged for the same coverage All the following are authorized activities for the Limited Automobile Insurance Agent EXCEPT if the agent - Correct Answer ️️ -Charges and collects a brokers fee for service What is the procedure for refusing uninsured moto...