LA Chapter 15 Midterm Exam Questions With All Verified Solutions.
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Course
LA Life, Health & Accident Insurance
Institution
LA Life, Health & Accident Insurance
Applicants seeking a life, accident, and health insurance license are required to complete how many hours of prelicensing education?
A
90
B
20
C
40
D
15 - Answer C: 40
In New York, applicants for insurance producer and adjuster licenses must be which of the following?
A
College grad...
LA Chapter 15 Midterm Exam Questions
With All Verified Solutions.
Applicants seeking a life, accident, and health insurance license are required to complete how many
hours of prelicensing education?
A
90
B
20
C
40
D
15 - Answer C: 40
In New York, applicants for insurance producer and adjuster licenses must be which of the following?
A
College graduates
B
At least 18 years old
C
High school graduates
D
At least 21 years old - Answer B: 18 years old
Which of the following licensees helps with the investigation and settlement of insurance claims?
A
Consultant
B
,Adjuster
C
Broker
D
Agent - Answer B: Adjuster
A temporary insurance license authorizes the licensee to do which of the following?
A
Negotiate new insurance on behalf of the original licensee
B
Sell new insurance on behalf of the original licensee
C
Solicit new insurance on behalf of the original licensee
D
Renew existing insurance on behalf of the original licensee - Answer D: Renew existing insurance on
behalf of the original licensee
How often do individual producer licenses expire?
A
Every 5 years on the licensee's birthday
B
Every 2 years on the licensee's birthday
C
Every 2 years on June 30th
D
Every 2 years on December 31st - Answer B: Every 2 years on the licensee's birthday
Insurance producers are required to complete how many hours of approved continuing education during
each 2-year license period?
, A
24
B
40
C
15
D
20 - Answer C: 15
Before revoking a resident insurance producer's license, how many days' notice must the Superintendent
provide to the licensee before holding a hearing?
A
15 days
B
30 days
C
20 days
D
10 days - Answer D: 10 days
The Superintendent has the authority to take all of the following actions, except:
A
Create rules to implement and enforce insurance laws
B
Refer suspected criminal violations to law enforcement officials
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