Tennessee Laws and Rules Practice Exam With Verified Solutions 2024.

All of these statements regarding referrals are true EXCEPT: -The Commissioner may establish by rule a maximum amount for each referral -The person making the referral may not discuss the specific policy terms and conditions -Referral fees may not be tied to the purchase of a policy -Referral fees must be filed and approved with the Commissioner of Insurance - Answer Referral fees must be filed and approved with the Commissioner of Insurance Unfair discrimination is BEST described as - Answer charging a different rate for someone in the same actuarial class In Tennessee, the MAXIMUM fine that the Commissioner can impose on a producer is ______ per violation. - Answer $1,000 Who determines the education credits needed for a producer's continuing education? - Answer Commissioner of Commerce and Insurance Insurance contracts may be sold, solicited, or negotiated by an insurance producer ONLY upon - Answer becoming an appointed producer of an insurer When does the Free-Look provision for health insurance begin? - Answer Date the policy is delivered to the insured Which of the following is NOT a requirement to sell, solicit, or negotiate Long-term Care insurance? -Be a licensed producer for life or health -Complete a one-time 8 hour Long-term Care specific training course -Complete 4 hours of Long-term Care continuing education -Complete a one-time 4 hour course on estate planning - Answer Complete a one-time 4 hour course on estate planning