Exam (elaborations)
CONNECTICUT INSURANCE LAWS AND RULES TEST WITH COMPLETE ANSWERS RATED A.
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CONNECTICUT INSURANCE LAWS AND RULES TEST WITH COMPLETE ANSWERS RATED A.
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CONNECTICUTINSURANCE LAWS AND
RULES TEST WITH
COMPLETE ANSWERS
RATED A+
Producers b- bcorrect banswer-An bindividual bappointed bby ban binsurance bcompany
band bpresents bpolicies bon bits bbehalf. bAuthorized bto bsolicit, breceive band bforward
bapplications bto bthe binsurer
Producer bProcess b- bcorrect banswer-An bapplicant bin bCT bmust
-be bat bleast b18 byears bold
-be ba bCT bresident
-be bdeemed bcompetent, bhonest band btrustworthy
-pass bthe blicensing bexam
-submit bthe bapplication band bpay bthe bfees
-apply bfor ba blicense bwithin b12 bmonths bof bpassing bthe bexam
, Nonresident bProducers b- bcorrect banswer-In bCT bnon bresidents bmay bapply bfor
blicensing band bdo bnot bhave bto bpass bthe bCT blicensing btest
Temporary bLicenses b- bcorrect banswer-May bbe bissued bin bthe bevent bwhere ba
bproducer bhas bdied bor bbecome bdisabled, brequiring ban bemergency breplacement
bto brun bthe bbusiness.
The bproducer's bspouse, bcourt bappointed bpersonal brepresentatives bor bpartners
bare beligible. bValid bfor b180 bdays
Certified bInsurance bConsultant b- bcorrect banswer-A bperson bwho bis blicensed band
bqualified bto bgive badvice, bcounsel bor brecomendations bon binsurance, bannuities bor
bendowments bfor ba bfee
Reinstatement band bRenewable b- bcorrect banswer-A bproducer bwho bhas ballowed
btheir blicense bto bexpire bhas b12 bmonths bto brenew bit bwithout bhaving bto bretake
bthe blicensing btest. bThe bpenalty bis bdouble bto bstandard brenewal bfee. bExtenuating
bcircumstances, b(like bextended bmilitary bservice) ballow ba bwaiver bof bthis bpenalty
bif bapproved
Address bChange b- bcorrect banswer-Producers bmust bnotify bthe bInsurance
bDepartment bif bthey bhave bmoved bwithin b30 bdays bof bthe bchange
Reporting bof bActions b- bcorrect banswer-A bproducer bmust bnotify bthe bInsurance
bDepartment bof bany bbankruptcy bor blegal baction btaken bagainst bhim bwithin b30
bdays
Assumed bNames b- bcorrect banswer-A bproducer busing bany balias bother bthan btheir
blegal bnames bmust bnotify bthe bCommissioner bof bInsurance bprior bto busing bthe
bassumed bname
Continuing bEducation b- bcorrect banswer-Producers bmust bcomplete beducational
brequirements bto brenew btheir blicense bbetween bevery btwo bbirthdays
-License brenewal brequires b24 bhours bof beducation
-3 bof bthe b24 bhours bmust bbe bin bLAW/REGULATIONS band bETHICS
-6 bof bthe b24 bhours bmust bdirectly bpertain bto btheir bline bof bwork
-In bCT, bthe bCommissioner bof bInsurance bmust bapprove bany beducational bcourses
bused bto bfulfill bthese brequirements
Commissioner bDuties band bPowers b- bcorrect banswer--Oversees ball binsurance
bactivity bin bCT
-Makes ball breasonable brules band bregulations bnecessary bto benforce bstate blaws
-May bissue binsurance brelated blicenses
-Adopt, bamend band brescind binsurance brules
-Examine bbooks band brecords bof binsurers
-Regulate binsurance badvertising
-Determine,set, bor bcompute bthe breserves bof blife binsurers
-Make bfinal bjudgement bin b(relevant) blegal bproceedings
-Issue bcease band bdesist bon banyone bfound bto bhave bcommitted bunfair, bdeceptive
bor billegal bacts bin bthe bindustry
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