Title producers license - Study guides, Class notes & Summaries

NJ Title Insurance Reloaded Final Actual Exam In 1869 in Paul vs Virginia case the the US Supreme Court ruled that insurance? - CORRECT ANSWER-Was not interstate Commerce. In 1944, in the South-Eastern Underwritters Association (SEUA) case, the U.S. Supreme Court ruled that insurance? - CORRECT ANSWER-Was interstate commerce and was subject to Federal regulation. The McCarran-Ferguson Act of 1945 states that individual states are subject to the authority of the? - CORRECT ANSWER-Feder...

Indiana Laws and Department Rules Common to All Lines of Insurance Questions and Answers Graded A+ Which of the following is NOT correct regarding false statements by a person engaged in the business of insurance? A: Only written statements can be considered fraud B: Omissions of material fact on insurance application are fraud C: False statements about financial condition of an insurer are unlawful D: Statements made with the intent to deceive are unlawful A: Only written statements can be ...

Pennsylvania Laws and Rules Chapter 12 Questions and Answers Already Passed What is the purpose of the Pennsylvania Life and Health Insurance Guaranty Association? 1) Assist an applicant choose the best insurer 2) Assist an applicant choose the right amount of coverage 3) Provide each policyowner a buyer's guide and policy summary 4) Provide policyowner protection if an insurer becomes insolvent Provide policyowner protection if an insurer becomes insolvent Viatical settlement br...

NJ Insurance Producers License Questions And Answers With Verified Solutions NJ Insurance Producers License Questions And Answers With Verified Solutions

Each policy of life insurance shall contain a provision that a grace period shall be allowed within which the payment of any premium after the first may be made. The standard grace period shall be. A.) 45 Days B.) 15 Days C.) 30 Days D.) 60 days - ANSWER C.) 30 days Correct. Each policy of life insurance shall contain a provision that a grace period shall be allowed within which the payment of any premium after the first may be made. The standard grace period shall be 30 days. When det...

Each of the following is listed under the Idaho statute defining "transacting insurance" EXCEPT: premium trust accounting. The Director of Insurance has the power to regulate Insurance transactions under: Title 41 of Idaho statutes. It is illegal for an insurance company to advertise: that it is a member of the Guaranty Fund. Client funds received by the Producer may be kept in the following accounts EXCEPT: Office checking account. Which of the following must h...

180 days - The maximum term a temporary license may be issued for is 32 - Continuing Education hours for a producer holding both a L&H and a P&C is every odd numbered year - Property & Casualty licenses must be renewed $25,000 - What is the maximum fine that may be imposed for a willful violation of a cease and desist order issued by the commissioner? April 30th of odd years - P&C producers license expires on Must reside or maintain a principal place of business in Louisiana - A r...

Forward Integration correct answer - The process through which a firm attempts to control downstream distribution is called _____________ integration. Third party logistics firm correct answer - DHL is one of the top companies specializing in handling logistics activities to other firms especially in the international sector. For example, DHL was under contract to assist Prestige Distributors to transport a container ship of French wine to the United States and provided its expertise to ensur...

What regulates the insurance business in Maine? Answer - Bureau of Insurance Who selects the Superintendent of Insurance? Answer - The Governor Duties of the Superintendent of Insurance (Maine)? Answer - -Investigating the affairs of anyone engaged in the insurance business in Maine -Issuing certificates of authority to transact insurance business in Maine -Enforcing Maine's insurance laws and regulations Writing Maine's insurance laws is not a duty of the Superintendent? True or F...