XCEL Chapter 12 Idaho Laws & Rules with Complete Solutions!!

A temporary license is valid for a maximum of __________ days. - ANSWER-180 The fair Credit Reporting Act protects consumers - ANSWER-With guidelines regarding credit reporting and distribution A non-admitted insurance company - ANSWER-Is not protected by the guaranty fund An example of misrepresentation is - ANSWER-Providing incorrect, misleading, incomplete, or materially untrue information in the license application A life policy loan in Idaho cannot charge a fixed rate of interest higher than - ANSWER-8% ________ can be defined as the act of using threat or force to restrict insurance business - ANSWER-Coercion What is the purpose of the Idaho life and health insurance guaranty association - ANSWER-Ensures that claims filed against insolvent insurance companies will be paid An alien insurer - ANSWER-Is an insurer operating in the US but headquartered outside the US A producer must report to the director any administrative action or criminal charges taken against the producer within _____days of the final disposition of the matter - ANSWER-30 days The director must examine the financial affairs of each admitted insurer operating in Idaho at least once every - ANSWER-5 years