Exam (elaborations)
IL Statutes And Regulations Common To All Line 25% With Complete Solutions 2024
- Course
- Institution
IL Statutes And Regulations Common To All Line 25% With Complete Solutions 2024
[Show more]
Content preview
IL Statutes And Regulations Common To AllLine 25% With Complete Solutions 2024
C Answer: What is the maximum fire for a violation of a cease and desist order?
A. $100
B. $500
C. $1000
D. $5000
D Answer: All of the following are regulated area of the insurance industry EXCEPT
A. Procedure
B. Trade practice
C. Investments
D. Commissions
D Answer: What are the general duties of the Director of Insurance?
A. Make rules to implement the insurance code
B. Conduct investigations
C. Enforce Illinois insurance laws
D. All of the above
C Answer: Which of the following is NOT a duty of the Director of Insurance?
,A. Enforcing the insurance code
B. Issuing Certificates of Authority
C. Setting premium rates
D. Examining authorized insurers
D Answer: The director regulates insurance rates through detailed rate reviews. The Director will
prohibit insurance rates that are
A. Excessive
B. Inadequate
C. Unfairly discriminatory
D. Any of the above
A - 10days prior Answer: The director issued a written notice about hearing for a business entity.
The hearing is scheduled for May 1st. The affected business entity should receive the notice to later than
A. April 20th
B. April 1st
C. 3 business days before the hearing
D. 2 weeks in advance
B Answer: Within how many days may a person who is being examined by the Director for non
financial business practices request a hearing after receiving the examination report?
A. 3 days
B. 10 days
, C. 15 days
D. 30 days
A Answer: Which of the following would be required to be licensed as an insurance producer?
A. A salaries employee who advertises and solicits insurance
B. A person whose activities are limited to producing insurance advertisements
C. A salaried full-time employee who furnished information for group insurance
D. An insurance company director who performs executive, administrative and managerial duties
A Answer: What type of license does an individual need to obtain in order to solicit and sell
insurance?
A. Producer's license
B. Business entity license
C. Broker's license
D. Insurer's license
D Answer: Which of the following persons is required to hold a producer license?
A. A person who creates insurance advertisement
B. A person who takes messages related to claim
C. A person who administers employer benefits
D. A person who negotiates insurance contracts
D Answer: Of the following persons which one would be required to hold a producer's license?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Schoolflix. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
62890 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
Recently viewed by you
Exam (elaborations) ·
Civil Service Exam Complete Reviewer questions with correct answers
Exam (elaborations) ·
Hawaii Notary Public Exam| 77 QUESTIONS (ANSWERED 100% CORRECTLY)
Exam (elaborations) ·
Quiz: Terms & Early Western Philosophy Results for Chanly Henderson
Exam (elaborations) ·
ILE PREP FINAL EXAM |150 Questions and Answers 100% Correct.
Exam (elaborations) ·
Chemistry 111 Key PASSED Questions and CORRECT Answers
