A non resident producer Study guides, Class notes & Summaries

NJ PSI Property and Casualty Exam with 100% Correct Answers 2023 The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - Correct Answer-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartm...

24 hrs & 3 of those hours ethics - ANSWER-To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER-To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - ANSWER-A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the state within___________ of the fina...

The Mobile Home Endorsement of a Homeowners policy affords coverage to mobile homes under the? A. HO-1 (Basic Form) B. HO-2 (Broad Form) C. HO-3 (Special Form) D. HO-2 or HO-3 (Broad and Special) - ANSWER-D. HO-2 or HO-3 (Broad and Special) All of the following are eligible for coverage under Homeowners policy except? A. A condominium unit owner. B. A farm owner. C. A mobile home owner. D. A tenant in an apartment building. - ANSWER-B. A farm owner. The term Insured Location under ...

Pennsylvania Laws and Regulations Applicable to All Lines of Insurance Questions and Answers 100% Pass Licensing Process: Pre-Licensing Education Requirements Pre-licensing education requirements: - 24 credit hours - 3 of the 24 hours must be in ethics Licensing Process: License Exam and Pre-Licensing Education Exemptions - Business entity - Non-resident producers - Professional designations (CLU--Life and Health license, CPCU--Property and Casualty license, CIC--Life, Health, Pr...

A - UTAH: A person applying for an adjuster's license in Utah must (BSPEBS): Answer - * Be at least 18 years old * SSN * Personal History * Experience * Business Record * Submit a non-refundable fee B - UTAH: A non-resident agent (a new agent) moving into Utah must apply within __________ days to become a resident licensee. Answer - 90 C - UTAH: Qualifications: A licensee must - Answer - * At least 18 years old * Good faith * No controlled business * No grounds for denial, suspens...

South Carolina Life Insurance Producer with Complete Solutions Producer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer An agent who holds an insurance license in the state in which they live non-resident producer Agents who hold an insurance license in a different state than the one they live Broker agents that work on behalf of life insurance companies to help potential custo...

PA Property and CasualtyWhat is the purpose of licensing? - correct answer Reinforces the purpose of insurance regulation - that the public is treated fairly and equitably by those who sell and distribute insurance. Licensing prerequisites - correct answer 24 credit hours of study in approved course (must have 3hrs ethics). Once your certificate is obtained you have 1yr to pass your exam followed by 1yr to have your license issued. *Passing does not guarantee you will get your license. Wha...

Producer Ans- An individual and/or an entity authorized in writing (through a company contract) by a lawfully qualified insurance company to transact, negotiate, or effect contracts of insurance on behalf of that insurance company. Resident Producer Ans- A person that resides in a state and is licensed to "transact insurance business" for at least one insurer in that same state. Non-Resident Producer Ans- A producer that is licensed in their home state (where they reside) & has wr...

Someone who is eligible to become a Consultant if he or she has how many years of related experience? Answer - At least 3 years of experience in the last 4 years What is a fiduciary? Answer - Someone who is trusted with someone else's money What level of education does someone need to become a licensed insurance producer in Utah? Answer - No education is required What type of agreement does UT have with other states that allows a non-resident licensed producer to obtain a Utah license ...

Connecticut State Insurance Laws Exam Questions and Answers Licensing - Resident Producer - Correct Answer ️️ -18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer - Correct Answer ️️ -Can be exempt from pre licensing ...