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Property Question and answers correctly solved 2024

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Property Question and answers correctly solved 2024 Property & Casualty Insurance - Iowa State Law The Commissioner of Insurance is required to examine every admitted insurer in the state a minimum of once every: - correct answer 5 years The Commissioner of Insurance does all of the follow...

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  • August 30, 2024
  • 4
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • property
  • property question and answers correctly solved 202

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  • Lowa
  • Lowa

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Property & Casualty Insurance - Iowa
State Law
The Commissioner of Insurance is required to examine every admitted insurer
in the state a minimum of once every: - correct answer ✔5 years


The Commissioner of Insurance does all of the following EXCEPT: - correct
answer ✔Maintain a fund to guaranty the payment of employee pensions
when an employer becomes insolvent


Which of the following constitutes grounds for suspending a producer's
license? - correct answer ✔Receipt of a Certificate of Noncompliance from
the Child Support Recovery Unit


A producer who is licensed for property and casualty insurance lines may add
life and health insurance by: - correct answer ✔Making an application,
paying the fee, and passing the exam for life and health insurance


A license that has lapsed may be reinstated by meeting renewal requirements
and paying the reinstatement fee within: - correct answer ✔1 year


Which of the following describes a valid way for a licensed producer to extend
his/her authority? - correct answer ✔A producer licensed in personal lines
may get property and casualty authority by passing the commercial lines
exam


Which of the following individuals in a producer's office is required to have a
producer license? - correct answer ✔Any individual who receives
commissions on the sale of an insurance product

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