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Connecticut Life & Health Insurance Exam Questions And Accurate Answers
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Connecticut Life & Health Insurance Exam Questions AndAccurate Answers 2025-2026
Commisioner of Insurance - ANSWER Who is appointed by the Governor and enforces
CT insurance laws. Can conduct investigations, hearings, issue subpoenas, revoke
licenses, regulate insurers for solvency
Commissioner Hearings - ANSWER Issues a notice of hearing for an unfair act.
Hearing held 30 days AFTER notice.
Can subpoena a witness; if witness fails to show it is considered to be charged with
contempt of court.
Penalties for Unfair Acts - ANSWER Fine of $5,000 for each unfair act (not passing
$50,000)
If violator KNEW law was violated they will get $25,000 penalty not passing $250,000 in a
6 month period.
Other Penalties - ANSWER Infraction with no other penalty = $15,000 fine
Fine for false statements = $10,000 (1st offense) $20,000 (each sub offense)
Violating cease & desist order = $50,000 max fine or license suspension.
Insurance Producer Licensing - ANSWER Licensed to solicit insurance. Appointed by
insurer to act on their behalf.
Licensing Lines of Authority - ANSWER Receives the following lines of authority:
Life Insurance, Variable Life, Variable Annuity Products, Accident & Health or Sickness,
Property, Casualty, Personal Lines, Credit, and any other line permitted under state law.
Licensing Requirements - ANSWER At least 18 years or older, 40 hours of pre-licensing
, course, passing the exam, paying appropriate fees and not committed any acts ground
for denial.
Licensing Exam Exemptions - ANSWER A temporary producers license, a nonresident
producers license, a licensee reinstating within 12 months of license expiration, a
licensed producer who moved to CT - must apply w/i 90 days of becoming a resident.
Salaried officers exempt if duties are administration, clerical work, and doesn't involve
any insurance sales.
Licensing Renewal - ANSWER Renews "biennially" on the producer's birthday.
$160 renewal fee ($320 if failure to renew)
30 days to notify an agent of appointment cancellation
A certified insurance consultant renews every 2 years on Sept 30th (in odd-numbered
years)
Changes in Licensee Status - must notify Commissioner ANSWER Notify 30 days after:
name change, employer change, change of residence, bankruptcy proceeding, admin
action taken in another state or change in a licensed members of a firm.
License Suspension (Commissioner can suspend after hearing) - ANSWER Max fine of
$5,000 for = False information on application, license by misrepresentation, violation of
insurance laws, misrepresentation in insurance contract, accepting contracts from an
unlicensed individual, nonpayment of child support or state income tax.
Temporary Licenses - ANSWER Issued for 180 days to surviving spouse/employee if:
producer dies, active military service, becomes disabled.
Sponsor that's licensed may be required; may not continue if owner disposes business.
Nonresident Licensing - ANSWER A licensed nonresident generally does not have to
repeat pre-licensing and examination to be Nonresident Producer.
Must be in a good standing from their home state, submit a license application with fees,
the persons home state awards nonresident producer licenses to residents in CT
(reciprocity)
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