State Farm Test Studies Exam Questions and Answers 100% Solved
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Course
State Farm
Institution
State Farm
State Farm Test Studies Exam Questions
and Answers 100% Solved
The general penalty for violating any provision of the insurance Code for
which a different penalty is not specifically provided is? - A Fine up to
$5,000
The Chief Officer of the Insurance Department is the Commissioner of
Insura...
The general penalty for violating any provision of the insurance Code for
which a different penalty is not specifically provided is? - ✔✔A Fine up to
$5,000
The Chief Officer of the Insurance Department is the Commissioner of
Insurance. How long and Who is he ELECTED by to office for a term? -
✔✔He is Elected by the People for a 4 year term
An incorporated insurer owned by its policyholders is known as a? - ✔✔A
mutual insurer
An insurer formed under the laws of Mississippi is known as a? - ✔✔A
domestic insurer
Insurance Companies are considered to be? - ✔✔An Insurer
7. If a person violates a cease and desist order of the Commissioner while
it is in effect, the penalty may be loss of license and a fine of up to? -
✔✔$500 for each Vilationn
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