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Chapter 12 - Alabama Insurance Law Common to All Lines Exam Practice Questions and AnswersChapter 12 - Alabama Insurance Law Common to All Lines Exam Practice Questions and Answers Which of the following is a requirement that must be satisfied before an a$9.99
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Chapter 12 - Alabama Insurance Law Common to All Lines Exam Practice Questions and AnswersChapter 12 - Alabama Insurance Law Common to All Lines Exam Practice Questions and Answers Which of the following is a requirement that must be satisfied before an a
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Course
Alabama Insurance
Institution
Alabama Insurance
Chapter 12 - Alabama Insurance Law
Common to All Lines Exam Practice
Questions and Answers
Which of the following is a requirement that must be satisfied before an
applicant can receive an insurance producer license in Alabama? -
Answer️️ -Complete pre-licensing classroom instruction, unle...
Chapter 12 - Alabama Insurance Law
Common to All Lines Exam Practice
Questions and Answers
Which of the following is a requirement that must be satisfied before an
applicant can receive an insurance producer license in Alabama? -
Answer✔️✔️-Complete pre-licensing classroom instruction, unless otherwise
exempt by the Commissioner
In addition to obtaining an insurance producer license, a business entity, in
order to transact insurance, must have at least - Answer✔️✔️-One individual
licensed insurance producer
An insurance entity or licensee cannot pay a commission or fee to a person
if the person's license is classified as one of the following EXCEPT -
Answer✔️✔️-Temporary
Producers are responsible to collect and disperse premiums, and return
premiums or other funds. Which insurance term is association with this? -
Answer✔️✔️-Fiduciary capacity
How long does a temporary producer's license last - Answer✔️✔️-6 months
Which of the following would not be a violation of State insurance
regulations? - Answer✔️✔️-Producer C uses her license to write
uncontrolled business only
When a producer was reviewing a potential customer's insurance coverage
that is written by another company, the producer made several remarks
that were maliciously critical of that other insurer. The producer could be
found guilty of - Answer✔️✔️-Defamation
A resident of another state wishing to transact insurance in Alabama may
obtain a nonresident producer license, without examination, upon meeting
one of the following EXCEPT - Answer✔️✔️-Been an executive officer of an
insurance company
For a producer to meet the state continuing education requirements, how
many CE hours must be completed on the topic of ethics? - Answer✔️✔️-3
A producer holds both a Life and Health and a Property and Casualty
licenses. How many hours of continuing education will the producer be
required to complete every 2 years? - Answer✔️✔️-24
When a domestic insurance company, examined by the Commissioner,
disagrees with the findings of the examination, what recourse is available?
- Answer✔️✔️-Request a hearing within 20 days of receiving the report
All of the following are lines of insurance that may be transacted under a
life and accident/health producer license EXCEPT - Answer✔️✔️-
Consequential loss insurance
All of the following applicants for an insurance producer are exempt from
prelicensing education requirements EXCEPT - Answer✔️✔️-An applicant
for a dealer's license
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