Personal lines Property & Casualty Already Graded A+

Personal lines Property & Casualty Already Graded A+ Risk ️Chance or Uncertainty of a Loss Peril ️Possible cause of a loss 2 Years ️The Commissioner of insurance is appointed by the governor for a term of ______ ending on February 1 of each odd-numbered year? 5 Years ️The Commissioner of insurance MUST have ________ of experience in business or government. $50,000 ️The Commissioner of insurance must provide a __________ surety bond. (A surety bond guarantees performance) $500,000 ️The Commissioner of insurance requires state fees in excess of _____________ to be submitted by electronic transfer. 15 Days ️The Commissioner of insurance requires that persons must respond to commissioner inquires within_______ ? 20 Days ️Response from alleged violator must be within ______ of receipt? 14 Days ️Department must send notice of violation within _____ of finding? $25,000 ️Maximum penalty for insurance code violations? 18 Years Old ️Minimum age for a license? 5 years ️The waiting period to reapply if license is denied or revoked? 90 Days ️An Emergency License is valid for up to ___? 90 Days ️An Emergency license may be renewed an additional ____? 90 Days ️A temporary license is valid for up to ___? 2 years ️Business entity agent licenses are renewed every ______ after the license is issued? 1 Year ️If the license is expired for more than _______ all requirements for a new license (including the exam) must be met? 90 Days ️If a license has been expires for _________ or less, it may be renewed by paying the renewal fee plus a 50% penalty. 90 Days ️A license expired more than ______ but less than one year cannot be renewed; a new license maybe issued with no exam upon payment of license fee & penalty fee? Monthly Basis ️Change in address, felony convictions, or administrative actions must be reported to the commissioner on a __________? 24 Hours ️Total continuing education requirements? 2 Hours ️Ethics & consumer protection continuing education requirement? 3 hours ️Flood insurance requires _____ certification course? 4 years ️Continuing education records must be kept for _____? 25% ️At least ____ of annual premiums must be derived from persons other than the applicant, applicants family, & applicants business associates. 60 Days ️Approval of Rate & forms must be filed _____ before use? 30 Days ️Binders must be replaced by the insurance policy within ____? $15 million ️Surplus lines insurer's capital & surplus must be at least ______? 30 Days ️Suspected fraudulent acts must be reported to the commissioner or law enforcem