Insurance commisioner - Study guides, Class notes & Summaries

West Virginia Property & Casualty Laws and Regulations with Complete Solutions Insurance commisioner •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an alien or foreign insurer licensed to transact insurance in this state at least once every five years. Insurance examina...

Licensing - Resident Producer  18 Years old Min Age  Financially responsible ; Good moral character  80 HRS required for P&C and Life / Accident & Health of pre licensing study  Must pass written exam in lines of business seeking license  Biennial CE Requirememt 24 Hours  All licenses expire on January 31st  40 Hrs for other lines Non Resident Producer  Can be exempt from pre licensing study or exam requirements if holder of valid license in designated lin...

How is a diamond condition fixed? - ANSWER-By pulling the damage for length. Diamond is a length condition. When measuring a unibody vehicle, it is discovered that the left front rail is 111mm from spec in width. What condition is this? - ANSWER-Width is calculated from the center out, so a value of -111mm on the left rail shows sway to the right and in toward centerline. A collision damaged vehicle is discovered to be down in height at opposite end of the center section. - ANSWER-Twist co...

Insurance commisioner •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an alien or foreign insurer licensed to transact insurance in this state at least once every five years. Insurance examination cost The cost must be paid by the company being examined. Refusal of examination penalty ...

Insurance commisioner •Appointed by the governor •6 year term •must sever all ties with any insurance company except as a claimant. Examination of insurers •Must examine each domestic insurer at least once every five years, and as often as deemed necessary. •May examine an alien or foreign insurer licensed to transact insurance in this state at least once every five years. Insurance examination cost The cost must be paid by the company being examined. Refusal of examina...

Tennessee Laws and Rules Chapter Exam with Complete Solutions In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency 3 Days Which of the following is an example of defamation? Circulating brochures that falsely denounce the finically condition of an insurer J applies for an insurance p...

Connecticut State Insurance Laws Verified Answers Licensing - Resident Producer 18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer Can be exempt from pre licensing study or exam requirements if holder of valid ...

Hawaii Exam Questions and Answers 100% Pass Advance notice of a hearing on unfair trade practices must be at least ____ days - Answer- 15 Minimum fine for UNKNOWINGLY committing an unfair claim - Answer- $1,000 Maximum fine for UNKNOWINGLY committing an unfair claim - Answer- $10,000 KNOWINGLY committing an unfair trade act imposes ____ fine per violation - Answer- $5,000 Maximum fine for violating a cease and desist order - Answer- $10,000 Maximum fine for KNOWINGLY committing an unfair...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS QUESTIONS AND ANSWERS 100% PASS GA Insurance Commissioner - Correct Answer ️️ -Ralph Hudgens - Serves as Chief Officer of Department of Insurance - Fire Marshall Chief -Elected every 4 years - Can run as as many time as you want - Reports to state legislature - Must not have a financial interest with an insurer - The Commissioner must appoint a chief deputy commissioner and when appointed they are required to have a $15...

How long is the commissioners term and who are they appointed by? - correct answer 6 years and the governor commissioner is granted the power and responsibility to: - correct answer affix her official seal to all documents, on 10 day pay the state treasury on the 10th day of each month, conduct hearing and has authority to administer oaths, take deposition its, subpoena witnesses and compel their attendance, examine persons under oath, require production of any records, report to the gove...