Insurance commisioner - Study guides, Class notes & Summaries

Ca. Bail Agent Exam Part 2 with Correct Solutions When does thw bail license expire for agent licenses issued prior to jan 1 2011 - Answer -June 30th every odd numbered year A natural personis defined as - Answer -A human being Where does a bail agent keep his/her i.d - Answer -On their person at all times A bail solicitor may - Answer -Only conduct business under the name of his/her employer Any person actually detained or subject to detention in custody whose release may lawfully be eff...

Louisiana insurance study guide questions and answers rated A+ To assure the public that only competent trustworthy individuals and other entities sell insurance and to protect and promote the public interest. Licensing/Purose A contract under which one party undertakes to pay another against a loss of a specified contingency or peril. Insurance What is another word for insurance company? Insurer What is another word for a client? Insured Who is the producer? you are Any individual who is ...

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...

PA Appraisers License Exam Questions and Answers 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 opp...

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...

Kentucky laws and regulations insurance (Life and Health) Final Exam authorized insurer - CORRECT ANSWER-an insurer who holds a current certificate of authority issued by the commisioner qualifications for agent license - CORRECT ANSWER-18 years of age, fulfilled the residence requirements, trustworthy, reliable, and of good reputation, is competent to exercise the license, financially responsible to exercise the license consultant - CORRECT ANSWER-An individual who provides professio...

Individual Producer correct answers18 yrs, reside in La,passed exam Business Entity correct answersCorporation or Partnership. Must have license to transact insurance within the business Temporary LIcense correct answersgood for up to 180 days License Renewal correct answersEvery two years on the last day of you birth month 30 days correct answersnotify the commisioner of name change, address or phone number 10 days correct answersunapproved trade names or assumed names must stop ...

Casualty Adjuster Any person, legal entity, or business that investigates claims and negotiates settlements -Connecitcut does not require licensing for anyone adjusting fire, life or accident/health; property damage exceeding $1,500; or anyone engaged in the general practice of law Impersonation A monetary fine for this act is *no more than $4000*, prison up to *6 months*, or both License Fee $80 plus a $50 filing fee Term of License Expire on *June 30th* of every *odd* number year ...

Insurance producer - CORRECT ANSWER-An individual or an entity authorized in writing by a lawfully qualified insurance compnay to transact, negotiate or effect contracts of insurance of behalf of that insurance company. Resident Producer - CORRECT ANSWER-Any person that lives in kansas and is licensed to transact insurance business for at least one insurer. A Non-resident producer - CORRECT ANSWER-A producer that lives in some other state;they are licensed in their owen home stae and h...

GA PROPERTY & CASUALTY INSURANCE TEST- GA RULES & REGULATIONS GA Insurance Commissioner 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 $15k bond - Chief Deputy Commisioner assumes Commissioner'...