A nonresident producer - Study guides, Class notes & Summaries

The Director of Insurance must conduct an examination... - ANSWER of every domestic insurer at least once every 5 years Minimum age to obtain a producer's license - ANSWER 18 Nonresident producer must obtain residence license.... - ANSWER within 90 days of moving to Arizona 180 Days Length of Temporary Producer license - ANSWER without requiring an examination, if a licensed producer dies, becomes disabled, or enters active military service Records must be retained.... - ANSWER fo...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? Answer - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing Answer - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. Answer - only th...

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER 10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrende...

Violations of US Code Title 18 section 1033, may result in - ANSWER Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) - ANSWER Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) - ANSWER Appointment The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred t...

Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? Answer: Risk avoidance Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...

Commissioner's general duties and powers - ️️-supervise insurance business -licensing -approve policies + forms -enforce insurance laws and impose penalties for violations -conduct examinations, investigations, and hearing Reporting of actions - ️️A licensee must report any administrative action taken against him in another jurisdiction or state within 30 days of the final disposition of the matter. The report, filed with the Superintendent must include a copy of any relevant ...

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - Answer- stamping fee An inducement to purchase an insurance policy is: Select one: ation ing - Answer- rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. - Answer- only...

Person Required to be Licensed - ANSWER Cannot sell, solicit, or negotiate insurance unliess licensed for the appropriate line of authority Producer - ANSWER The person required to be licensed under state law to transact insurance. -At least 18 years of age -Has not committed any act that is ground for license denial, suspension, or revocation -Has completed a prelicensing course of study -Has paid the appropriate fees -Has passed the examinations for the appropriate line(s) of authorit...

DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance Exam Questions and Answers 100% Pass Producer/Agent - Correct Answer ️️ -Agent of Insurer - Licensed producer appointed by and represents insurer - Sells, solicits, or negotiates applications and policies - Able to issue conditional receipts BROKER - Licensed producer who represents the insured for compensation Insurance Producer - Correct Answer ️️ --Person required to be licensed to se...

Chapter Exam: Louisiana Laws and Rules Questions and Answers Already Passed charles is a producer who is licensed in louisiana but resides in mississippi. Charles is considered to be a(n) Nonresident producer Karen the producer pays for her client's initial premium payment as an incentive for purchase. this act is considered a(n) Rebate an indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called Coinsurance according to Louisiana law, gr...