5. Officers or agents of insurer refuse to submit to examination or perform legal obligation
relative to examination.
6. Insurer has not complied with lawful order of director or his designee.
Insurance rates must not be: - answer✔Excessive, inadequate, or unfairly discriminatory
Property & Casualty rates... - answer✔must be filed and may be used if not disapproved by DOI
within 30 days. P&C rate increases or decreases of greater than 7% require prior approval.
All policy forms require approval of the Director. Forms may be disapproved or withdrawn if: -
answer✔1. Do not meet the requirements of law
2. Contain any unfair, deceptive, ambiguous, misleading, or unfairly discriminatory provisions
Is solicited by means of advertising, communicating, or dissemination of information which is
deceptive or misleading.
TRUE/FALSE: Every insurance broker who sells an insurance policy written or issued by an
insurer not licensed to do business in this State is personally liable for the limits of the coverage
provided for in the policy if the broker fails to comply with the provisions of this title relating to
policies issued by insurers not licensed to do business in this state. - answer✔TRUE
Surplus Lines Coverage (SLC) Licensed brokers may find coverage for their customers in what
lines? - answer✔Property, Casualty, Inland Marine, and Transportation
Surplus Lines Coverage is normally limited to insurance that is: - answer✔difficult to place or is
not available from an admitted insurer
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