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Delaware Life Producer Exam.
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Delaware Life Producer Exam.
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Delaware Life Producer ExamA(n) _ may also perform the duties of a consultant. - ANS-producer
What is an example of a producer's implied authority? - ANS-Collecting premiums
The Commissioner may suspend or revoke a producer's license for - ANS-keeping
premiums owed to the insurer
An insurer is charged _ for submitting an application for a certificate of authority in
Delaware. - ANS-$700
In Delaware, an insurer is prohibited from - ANS-making a political contribution to any
candidate for the office of the Commissioner.
Which of the following is the reimbursement of benefits for the treatment of a
beneficiary's injuries caused by a third party? - ANS-Subrogation
The clause is an Accident and Health policy which defines the benefit amounts the
insurer will pay is called the - ANS-Insuring clause
Which of the following is NOT an example of a producer's breach of fiduciary duty? -
ANS-allowing premiums to be submitted electronically
Which health policy clause stipulates that an insurance company must attach a copy of
the application to the policy to ensure that it is part of the contract? - ANS-Entire
Contract
What percentage of employees must participate in a noncontributory group life
insurance plan? - ANS-100%
A licensee's business records must be maintained and made available for inspection by
the Commissioner for a period of - ANS-3 years
When an existing life insurance policy is being reissued with a reduction in cash value,
the producer must sign the - ANS-Notice Regarding Replacement of Life Insurance or
Annuity
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