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CONNECTICUT STATE INSURANCE LAWS EXAM QUESTIONS AND ANSWERS
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CONNECTICUT STATE INSURANCE LAWS EXAM QUESTIONS AND ANSWERS...
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CONNECTICUT STATE INSURANCELAWS EXAM QUESTIONS AND
ANSWERS
Licensing - Resident Producer - Minimum age: 18 years old
financially responsible; good moral character.
80 HRS are necessary for P&C and Life/Accident/Health of pre-licensing study.
Must pass a written exam in the areas of business seeking a license.
Biennial CE Requirements: 24 hours
All permissions expire on January 31.
40 hours for other lines.
ANSWER: Non-resident producers can be excluded from pre-licensing study or
exam requirements provided they hold a valid license in approved lines in their
home state.
If the reciprocal state is CT, a letter of certification that is less than 90 days old
is sufficient.
Temporary Producer License - ANSWER Issued for a period of 180 days or less
Surviving spouse / court-appointed representative of an insurance producer who
dies or becomes physically or mentally disabled
Designee of a producer joining active military service.
Employee of business licensed as a producer upon the death or disability of the
individual designated on the business entity's application or license
,Commissioner waives pre-licensing criteria - ANSWER: Applicant for
temporary license
Applicant for the Limited License
Application from a resident producer who had licenses for the same business
lines in the previous 12 months.
A non-resident agent with a valid license in his or her state.
Maintenance and Duration of Licence - ANSWER ** Renewal
All producers' licenses expire on January 31st of each even-numbered year.
***Change of name or address
Must be disclosed to the commissioner within 30 days.
**Assumed names
Producers doing business under an assumed name must notify the commissioner
before utilizing the assumed name.
**Reporting on actions
After the situation has been resolved, the producer must notify the
Commissioner within 30 days.
Licensing Definitions:
Producer
, An insurance agent
Certified Insurance Consultant.
Public Adjuster
Insurer - ANSWER Represents the insured and solicits insurance on their behalf
w.o. A contract with the insurer
Holds a producer license and has a direct appointment with a licensed insurer to
solicit insurance on their behalf.
Provides fee-based advise on the benefits of insurance products and must
present the client with a signed statement explaining services and fees.
Cannot collect insurance commissions in addition to fees for a client.
Any individual or business that adjusts losses for fire or other risks for insured
parties or advertises or solicits business from the general public.
Alien - Authorized insurer with residency outside the United States.
Domestic - Authorized insurer and located in the home state.
Foreign-authorized insurer domiciled outside of the state.
Mutual Insurer
Unauthorized Insurer: No certificate of authority. Cannot utilize to place
business for other parties.
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