Insurance commisioner - Study guides, Class notes & Summaries

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 ex...

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...

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...

A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of CORRECT ANSWER 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than CORRECT ANSWER 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? CORRECT ANSWER 30 days An agents appointment letter may be revoked by the ? CORRECT ANSWER Insurer Who may subpoe...

Insurance GA laws P&C Exam Questions And Answers A client may pay a fee to an insurance agent in Georgia as long as the fee has a maximum de minimum value of - ANS 45$ An insurer doesn't need a reason to cancel for terminating a property or casualty policy that has been in effect less than - ANS 60 days The commissioner must hold a hearing within how many days of written demand by an aggrieved person? - ANS 30 days An agents appointment letter may be revoked by the ...

30 days - ANSWER Most insurance rates must be filed with the commisioner how many days prior to use? Larceny by Embezzlement - ANSWER To misuse a clients money is... Certificate of Authority - ANSWER An insurer must hold a ________ in the state of Washington in order to do business in this state. Vicarious Liability - ANSWER Liability for the action of others is... 30 days - ANSWER When an insurer revokes a producer's appointment, they must notify the commisioner with how many days?...

Connecticut Life & Health Insurance Exam Questions And Accurate Answers ...

Which event must a producer report to the Commissioner? Conducting business under an assumed name Earning new insurance designations Sharing commissions with another licensed producer Involvement in an automobile accident Conducting business under an assumed name If a producer misleads or fails to adequately disclose the title and true nature of a policy offered to a potential insured, it may be considered Defamation Unfair discrimination Misrepresentation Rebating Misrepresentation Under the ...

Alabama P&C Insurance Exam Questions and Answers Graded A+ Dishonesty Deceit, misrepresentation, untruthfulness, falsification Insurers insurance companies or carriers who manufacture and sell insurance coverage by way of policies or contracts. Insurance Agencies independent organizations that recruit, contract with, and support sales agents and producers insurance agents also known as producers.. licensed individuals representing an insurance company when transacting insurance Insured the p...

Property and Casualty-Insurance Law and RegulationsInsurance Commissioner - correct answer A individual who is appointed by the Governor and cannot be a director, officer or agent of an insurer. Their primary duty is to see that insurance laws are properly executed and the public interest is protected by the enforcing of these laws. Other Powers of the Insurance Commisioner - correct answer 1. Conduct investigations and hearings and issue subpoenas 2. Revoke Licenses of insurers, producers...