Non resident producer - Study guides, Class notes & Summaries

PA Insurance License Prep Questions and Answers Already Passed Every PA insurer, upon receiving notification of a claim, must acknowledge receipt of the notice within: a. 10 days b. 15 days c. 30 days d. 45 days a. 10 days The Free Look period in PA for individual health insurance policies is __ days. a. 5 b. 10 c. 15 d. 20 b. 10 A resident producer license requires each of the following EXCEPT: a. Applicant receiving a passing score on state exam b. Satisfied prelicensi...

Producer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer An agent who holds an insurance license in the state in which they live non-resident producer Agents who hold an insurance license in a different state than the one they live Broker agents that work on behalf of life insurance companies to help potential customers navigate the process of buying life insurance.

Producer - Answer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - Answer An agent who holds an insurance license in the state in which they live non-resident producer - Answer Agents who hold an insurance license in a different state than the one they live Broker - Answer agents that work on behalf of life insurance companies to help potential customers navigate the process o...

Connecticut State Insurance Laws Exam Questions and Answers Licensing - Resident Producer - Correct Answer ️️ -18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer - Correct Answer ️️ -Can be exempt from pre licensing ...

Certificate of Authority correct answer: No insurance company may transact any insurance business in this state unless it has received a Certificate of Authority from the Department of Insurance to do so. When does Certificate of Authority expire? correct answer: Expires on the last day of April in each year and must be renewed annually. How often may the director or any of his or her examiners conduct an examination? correct answer: AS often as the director deems appropriate but will c...

Typically, Long-Term Disability benefits are coordinated with which benefit plan? - Answer-Social Security The focus of major medical insurance is providing coverage for - Answer-medical and hospitalization expenses An insured under a Major Medical expense plan with a zero deductible and 80/20 coinsurance provision files a $1,000 claim. How much of this claim is the insured responsible for? - Answer-$200 because this policy has a zero deductible, the insures is only responsible for the ...

Lesson 1: Louisiana Insurance Regulation Latest Update Graded A Objectives: ◦ List requirements of obtaining and maintaining a Louisiana Insurance License ◦ Recognize Louisiana laws governing the business of insurance ◦ Name important Federal laws that apply to insurance producers and insurers ◦ Recognize statutory time limits and dollar amounts from Louisiana Insurance Code This topic is 24% of the 150 questions on the P&C Exam Key Terms: Producer Certificate of Authority Control...

Pennsylvania Law defines business entity as - a person which is not an individual. After 1 or more licensed as producer must comply with state insurance laws may apply to department for insurance producer license as business entity application, will be same lines of authority held be individual producers. Producer is someone who sells, solicits, or negotiates insurance contract and must be licensed. The following dont have to be licensed as insurance producer: - insurer, employee of insurer n...

Producer - Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - An agent who holds an insurance license in the state in which they live non-resident producer - Agents who hold an insurance license in a different state than the one they live Broker - agents that work on behalf of life insurance companies to help potential customers navigate the process of buying life insurance. Reinstat...

Authorized Insurer Correct Answer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion Correct Answer the accepter of the contract must "adhere" to the written contract Inducement Correct Answer An action aimed at persuading Insolvent Correct Answer Bankrupt; unable to pay debts. Transacting Insurance Correct Answer Conducting insurance business, such as soliciting or negotiating ...