Tennessee laws and rules - Study guides, Class notes & Summaries

TENNESSEE LAWS AND RULES PERTINENT TO INSURANCE EXAM QUESTIONS AND ANSWERS WITH COMPLETE SOLUTIONS Producer an individual who in any manner sells, solicits, or negotiates insurance on behalf of insurance companies for compensation is an insurance Producer. a producer may apply for the following license. -life insurance, accident & health or sickness insurance -property insurance and casualty insurance -variable life insurance -personal lines property and casualty insurance -credit limite...

The definition of a business entity includes - Answer an association or a limited liability company If the Commissioner wishes to conduct a hearing regarding a producer, - Answer a notice must be sent by registered or certified mail to the licensee's current address of record The Commissioner must examine each domestic insurance company AT LEAST every - Answer 3 years Which of the following statements regarding referral fees is CORRECT? - Answer The commissioner may establish b...

The definition of a business entity includes Correct Answer: an association or a limited liability company If the Commissioner wishes to conduct a hearing regarding a producer, Correct Answer: a notice must be sent by registered or certified mail to the licensee's current address of record The Commissioner must examine each domestic insurance company AT LEAST every Correct Answer: 3 years Which of the following statements regarding referral fees is CORRECT? Correct Answer: The commissi...

Tennessee Laws and Rules Exam Review With Verified Solutions To Score A+

Rebating is an unfair trade practice and is regulated by law. All of the following would be considered to be rebating EXCEPT. A. An agent offers tickets to a baseball game as an inducement to buy insurance. B. An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. C. An agent offers the use of his lake house to person as an inducement to buy. D. An agent offers to share his commission with a policyholder. Correct Answer: An agen...

Foreign - Answer In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. 3 Days - Answer The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency Circulating brochures that falsely denounce the finically condition of an insurer - Answer Which of the following is an example of defamation? Policy Summary - Answer J applies for an insurance policy. Wha...

Tennessee Insurance Laws and Rules questions and answers Rated A+ 2024

When a life insurance application is completed, a Policy Summary must be given to the applicant. The Policy Summary MUST include. - answer-the premium cost for basic coverage applied for What is the maximum fine that can be imposed by the Commissioner to a producer who violates an insurance law? - answer-$1,000 per violation When a Medicare Supplement policy is delivered to a policyholder, which of the following MUST accompany the policy? - answer-Outline of Coverage W...

Ch.8 Exam: Tennessee Laws And Rules Pertinent To Insurance Questions And Answers With Verified Solutions 100% Correct Latest Updated 2024

In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Correct Answer: Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency Correct Answer: 3 Days Which of the following is an example of defamation? Correct Answer: Circulating brochures that falsely denounce the finically condition of an insurer J applies for an insurance policy. What BEST d...