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Kentucky Insurance Regulations Exam Questions and Answers
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Kentucky Insurance Regulations Exam Questions and Answers
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Kentucky Insurance RegulationsThe Commissioner may withdraw approval of a continuing education provider, course, or instructor for:
Select one:
a. Good and just cause
b. Clear and present danger
c. Up to 60 days
d. Up to 90 days - Answer-Good and just cause
What is the maximum time allowed for a waiver of license renewal requirements that is given to
producers who cannot comply with these requirements due to military service, long-term medical
disability, or some other extenuating circumstance?
Select one:
a. 1 year
b. 2 years
c. 3 years
d. 4 years - Answer-2 years
Which of the following statements is true?
Select one:
, a. An agent is allowed to directly or indirectly share their commission received on account of a
transaction under their license with any individual or business entity not also licensed as agent.
b. The Commissioner may issue a temporary license for a maximum period of 180 days to the designee
of a licensed agent entering upon active service in the Armed Forces of the United States.
c. A license is considered to be used for controlled business if the Commissioner finds that during any 6-
month period the total premiums from controlled business exceed the total premiums on other
business written.
d. None of the above - Answer-The Commissioner may issue a temporary license for a maximum period
of 180 days to the designee of a licensed agent entering upon active service in the Armed Forces of the
United States.
Which of the following means the act of conferring directly with, or offering advice directly to, a
purchaser or prospective purchaser of a particular contract of insurance concerning any of the
substantive benefits, terms, or conditions of the contract?
Select one:
a. Solicit
b. Sell
c. Negotiate
d. Parley - Answer-Negotiate
Susan is an insurance producer, but is currently on military duty in Iraq. What can she do when it is time
for her producer's license to be renewed?
Select one:
a. Make a written request for a waiver of the renewal requirements
b. Make a verbal request for a waiver to the Commissioner
c. Nothing; she has to be in Kentucky to renew
d. Nothing; she can just wait until she returns to Kentucky - Answer-Make a written request for a waiver
of the renewal requirements
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