Title producers license - Study guides, Class notes & Summaries

Someone who is eligible to become a Consultant if he or she has how many years of related experience? - Answer At least 3 years of experience in the last 4 years What is a fiduciary? - Answer Someone who is trusted with someone else's money What level of education does someone need to become a licensed insurance producer in Utah? - Answer No education is required What type of agreement does UT have with other states that allows a non-resident licensed producer to obtain a Utah license ...

Arizona Life and Health Insurance Questions and Answers Rated A Any administrative action taken against a producer MUST be reported to the director within ___ days after the final disposition. 30 How many days notice does the Affordable Care Act require insurers to give before rescinding coverage? 30 According to the Affordable Care Act, new health Insurance Marketplaces are established by the CCIIO How long must a producer maintain customer records for an insurance transaction? Three years ...

NJ Title Producer Title Final Exam with Written Questions and Verified Answers "A" and "B" bought a house as tenants in common. If "A" dies which of the following statements about ownership of the house is correct? ANSWER B) It is divided, with B retaining their original interest and the balance going to A's estate. An insurance 1>producer who is committed of a felon~· must report the conviction to the Commissioner of Insurance, within how many days after the conviction? A) 5 day...

SOUTH CAROLINA INSURANCE REGULATIONS (SURETY PRODUCER) EXAM REVIEW QUESTIONS AND ANSWERS, VERIFIED/ REQUIREMENTS - -1. Must be 18 years or older 2. Person of good moral character 3. Has paid fees 4. Must have passed exam PRODUCER LICENSE - -Ground person; out working with people; represents the company NONRESIDENT LICENSE - -Means you live out of state, and if you want to write a Surety/Civil Bond in different bordered state. TEMPORARY LICENSE - -Director may issue a ___?_____ Insura...

Someone who is eligible to become a Consultant if he or she has how many years of related experience? - Answer At least 3 years of experience in the last 4 years What is a fiduciary? - Answer Someone who is trusted with someone else's money What level of education does someone need to become a licensed insurance producer in Utah? - Answer No education is required What type of agreement does UT have with other states that allows a non-resident licensed producer to obtain a Utah license ...

TIPIC EXAM (2024/2025) - Questions with Verified Answers Giving something of value in exchange to an insured to induce the purchase of an insurance policy is: a.) fraud b.) negligence c.) rebating d.) commingling The blocked person's list of specially designated nationals is maintained by: a.) HUD b.) FDIC c.) Department of Treasury d.) CFPB Pursuant to Maryland anti-rebating statue, the following items cannot be given to a client as inducement for business: a.) home warranty b.) legal servic...

Property and Casualty Indiana Laws Verified Solutions Is insurance regulated by the state or federal government? ️state What branch of government is the Indiana Department of Insurance? ️executive branch (with quasi legislative and quasi-judicial responsibilities) due process means ️notice and hearing What quasi-legislative and quasi-judicial responsibilities can the Indiana Department of Insurance partake in? ️promulgate rules and regulations that producing agents must follow...

Washington Laws and Rules Pertinent to Insurance Test Questions and Answers Latest 2024/2025 (100% Correct) Violations of US Code Title 18 section 1033, may result in correct answers Fine and/or imprisonment Charles is a producer who is licensed in Washington but resides in Oregon. Charles is considered to be a(n) correct answers Nonresident producer Before a producer may sell, solicit, or negotiate insurance from an insurer, the producer must have a(n) correct answers Appointment The act ...

Resident Licensing Requirements 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requirements 1. File application on form prescribed by the director. 2. File affidavit stating insurance on a risk in this state will only be placed with licensed agents of insurers licensed to operate in SC. 3...

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