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Michigan Life and Health Cram Sheet Exam Questions and Answers
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Michigan Life and Health Cram Sheet Exam Questions and Answers
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Michigan Life and Health Cram SheetExam Questions and Answers
A producer must fila a notice of appointment within ___ days - Answer -15
___ days for director to approve appointment - Answer -30
Days to inform the Director of appointment termination - Answer -30
?days for insurer to give notice of appointment termination to producer - Answer -15
days for producer to respond to notification - Answer -30
Applicants minimum age - Answer -18
Complete pre-licensing within _____ months of license application - Answer -12
A lapsed producer license may be reinstated without retaking the examinations if done
within how many months? - Answer -12
An insurance counselor must keep a copy of counseling agreement for at least how
many years? - Answer -2
Persons who have been licensed as an insurance agent within how many months are
exempt from pre-licensing requirements? - Answer -12
How many days is a nonresident producer exempt from pre-licensing requirements after
they cancel their resident license? - Answer -90
How many days do producers who move to Michigan have to apply for their resident
license without having to go through the pre-licensing requirements? - Answer -90
The producer must notify the DOI within how many days of an address or name
change? - Answer -30
The producer must notify the Director of any administrative action taken or criminal
prosecution against the producer within how many days? - Answer -30
How many hours are required for CE every two years? - Answer -24
, How many CE hours must be related to ethics? - Answer -3
How many days is the grace period for CE completion? - Answer -90
How many days does an individual have to request a hearing to contest a cease and
desist order? - Answer -30
What is the civil fine per penalty? - Answer -1000
What is the fine for a violation if the person knew the act was prohibited? - Answer -
5000
Total civil fines cannot exceed: - Answer -50,000
After notification from the director, how many days do you have to appear for a hearing?
- Answer -15
How many days until revocation of a license takes effect? - Answer -10
How many days for a supreme court to review an order? - Answer -10
A civil fine of ____ for each violation may be applied to violations of a cease and desist
order. - Answer -20,000
What is the maximum amount an individual may be fined for all violations of a cease
and desist order? - Answer -100,000
Misrepresentation of the identity of the insurer is a misdemeanor with a max fine of: -
Answer -500
How many years may a license be revoked for twisting or misrepresentation? - Answer -
1 year
How much is allowed for merchandise to applicants? - Answer -$5
The fine for inducement is: - Answer -100
The fine for accepting rebate is: - Answer -100
Claims not paid on a timely basis will incur how much interest? - Answer -12%
How many days do health care provider have to pay a claim? - Answer -45
How many days to health care providers have to correct a deficiency? - Answer -45
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