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Which of the following is NOT true regarding a Certificate of Authority? a) It may be necessary for transacting business in a specific state. b) It is equivalent to an insurance license. c) It is issued by the state department of insurance. d) It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Authority from t...

Which of the following is NOT true regarding a Certificate of Authority? a) It may be necessary for transacting business in a specific state. b) It is equivalent to an insurance license. c) It is issued by the state department of insurance. d) It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Authority from t...

Which of the following is NOT true regarding a Certificate of Authority? a) It may be necessary for transacting business in a specific state. b) It is equivalent to an insurance license. c) It is issued by the state department of insurance. d) It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Authority from t...

LIFE PRODUCER EXAM (MI) QUESTIONS AND CORRECT ANSWERS | GRADE A SCORE 2025 | EXPERT VERIFIED SOLUTIONS Which of the following is NOT true regarding a Certificate of Authority? a) It may be necessary for transacting business in a specific state. b) It is equivalent to an insurance license. c) It is issued by the state department of insurance. d) It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may ...

LIFE PRODUCER EXAM (MI) STUDY GUIDE / LATEST VERSION /QUESTIONS AND CORRECT ANSWERS / A GRADE SCORE SOLUTION.

LIFE PRODUCER EXAM (MI) STUDY GUIDE / LATEST VERSION /QUESTIONS AND CORRECT ANSWERS / A GRADE SCORE SOLUTION. Terms in this set (50) Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may ...

LIFE PRODUCER STUDY GUIDE EXAM 2025/2026 EVALUATION QUESTIONS WITH ANSWERS GRADED A+ Public Insurance Adjustor - To be a PIA you must be 21 years of age,be a resident of MA or of a reciprocal state, two years of experience with property losses, file a written application, with two photos taken within 60 days of the application, etc. MUST DO 15 HOURS OF CONTINUING EDUCATION WHEN RENEWING LICENSE. Reinsurance Intermediaries - Any person other than an officer or employee of the ceding insur...

LIFE PRODUCER ACTUAL EXAM 2025/2026 EVALUATION QUESTIONS WITH ANSWERS GRADED A+ What type of reinsurance contract involves two companies automatically sharing their risk exposure? Arbitrage Facultative Excess Treaty - treaty A nonprofit incorporated society that does not have capital stock and operates for the sole benefit of its members is known as: a fraternal benefit society a stock insurer a mutual insurer the Life and Health Insurance Guaranty Association - fraternal benefit s...

TN LIFE PRODUCER FINAL EXAM 2024/2025 ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) The automatic Premium Loan Provision is designed to: -Provide a source of revenue to the insurance company -Avoid a policy lapse -Allow a policyowner to request a policy loan -allow a policyowner to take out additional coverage without evidence of insurability - Avoid a policy lapse All of these are considered a producers breach of fiduciary dut...

TN Life Producer Exam Questions with Detailed Answers | Get it 100% Correct!! The automatic Premium Loan Provision is designed to: -Provide a source of revenue to the insurance company -Avoid a policy lapse -Allow a policyowner to request a policy loan -allow a policyowner to take out additional coverage without evidence of insurability - Avoid a policy lapse All of these are considered a producers breach of fiduciary duty EXCEPT: Misappropriation of premiums Conversion of premiums I...