Prelicensing final exam - Study guides, Class notes & Summaries

PreLicensing Final Exam (WakeTech 2023) | 112 Questions And Answers

Final Exam - Washington Real Estate Practices: 30-hour Broker Prelicensing v3.0-Questions and Answers

Illinois Insurance LAW Verified Answers Directors CANT ️-Set Premium -Write law -send to jail Fined $2000 ️If anyone refuses to be examined or ignores a subpoena, he or she can be fine$___ 90 Days ️The director will issue a final report of the examination within __ days $100 per day $5000 ️The fine for ignoring a cease and desist order is $__ per day, not to exceed $___ Bond ️-face amount of at least $2500 or 5% of the premium -not to exceed $50k -must remain continuous in...

Powers and Duties of the Director Correct Answer 1. Approve all policy forms, but cannot approve or disapprove premium rates on most types of insurance. 2. Create rules and regulations that support the law. 3. Conduct investigations, examinations and audits to determine if the law has been violated. 4. Take action to enforce the law, such as, issuing fines, revoke or suspend a license or deny an application for a license. 5. Refer a case to the State Attorney General for criminal prosecution...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

MN Insurance Property & Casualty Final Exam Review Questions and Answers_Updated 100% A+ Graded The commissioner examines each insurer every __ years - CORRECT ANSWER-5 $___ fine per day if a person violates, aides, or abets a written cease and desist order - CORRECT ANSWER-$10,000 Licensee may request a hearing within __ days of commissioners order after hearing request, the commissioner has ___ to hold the hearing - CORRECT ANSWER-30 and 30 ___ prelicensing hours per major line of ...

State of Illinois Property and Casualty Laws All Answers Correct Powers and Duties of the Director ️1. Approve all policy forms, but cannot approve or disapprove premium rates on most types of insurance. 2. Create rules and regulations that support the law. 3. Conduct investigations, examinations and audits to determine if the law has been violated. 4. Take action to enforce the law, such as, issuing fines, revoke or suspend a license or deny an application for a license. 5. Refe...

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...