Insurance regulation Study guides, Class notes & Summaries

Person Required to be Licensed - ANSWER Cannot sell, solicit, or negotiate insurance unliess licensed for the appropriate line of authority Producer - ANSWER The person required to be licensed under state law to transact insurance. -At least 18 years of age -Has not committed any act that is ground for license denial, suspension, or revocation -Has completed a prelicensing course of study -Has paid the appropriate fees -Has passed the examinations for the appropriate line(s) of authorit...

LCP4804 ASSIGNMENT 2 MEMO - SEMESTER 1 - 2024 - UNISA - DUE : 3 APRIL 2024 (DETAILED ANSWERS WITH FOOTNOTES - DISTINCTION GUARANTEED) ASSIGNMENT 2 Instructions (i) Answer all questions. (ii) Number your answers to correspond with the questions to be addressed. (iii) Reference your work, with both footnotes and the bibliography, taking care to fully reference cases and paragraphs referred to. Question 1 Tendai and Keneilwe were University sweethearts, and as soon as they graduated fr...

ND INSURANCE REGULATION QUESTIONS AND ANSWERS GRADED A+ The North Dakota Insurance Commissioner's term 4 Years Conduct an examination of the insurer licensed in this state not less frequently than once every __________ 5 Years To request a hearing -Any party aggrieved by the Commissioner's order may make a written application for the hearing -State the respects in which the party is aggrieved by the order -Also anyone who has been served a cease and desist order from the comm...

Exam Simulator FL-LH - FL Health and Life and Annuity 100% Pass A non-contributory plan requires _________ participation of all eligible employees 100% A characteristic of preferred provider organizations (PPOS) would be: Discounted fees for the patient Which of the following areas of state regulation is NOT protected by the saving clause in ERISA? Commerce Additional coverage can be added to a whole Life policy by adding a(n): decreasing term rider What benefit does the payor clause on a Ju...

Lesson 1: Louisiana Insurance Regulation Exam with 100% Correct Answers | Verified | Latest Update 2024

MINNESOTA LAWS, RULES, AND REGULATIONS COMMON TO LIFE, HEALTH, PROPERTY, AND CASUALTY INSURANCE RATED A Powers and Duties of Commissioner Appoints the Commissioner of Commerce Governor Powers and Duties of Commissioner The Commissioner is empowered to_________________. (1 of 8 things) enforce insurance laws Powers and Duties of Commissioner The Commissioner shall examine the affairs and conditions of every insurer licensed in Minnesota at least once every ________ ______...

Property & Casualty - PA - Insurance Regulation Latest 2024 Graded A+ Purpose of insurance regulation. Assure the public is treated fairly and equitably. Requirements to be licensed. Pre-licensing requirements, pass the exam, pay application fee Producer's license. Permitted to legally sell, solicit and negotiate contracts of insurance. Licensing requirements. 24 credit hours, pass exam, 18 yrs. or older, able to read and write English, not be a criminal, pay all fees, have profes...

Purpose of insurance regulation. - correct answer Assure the public is treated fairly and equitably. Requirements to be licensed. - correct answer Pre-licensing requirements, pass the exam, pay application fee Producer's license. - correct answer Permitted to legally sell, solicit and negotiate contracts of insurance. Licensing requirements. - correct answer 24 credit hours, pass exam, 18 yrs. or older, able to read and write English, not be a criminal, pay all fees, have professional ...

Louisiana Insurance Regulation Exam with 100% Correct Answers | Verified | Latest Update 2024

Washington insurance regulations questions and answers rated A+ borrowing more than __% of the loan value of a life insurance policy to purchase a new policy is considered replacement 25% Period of time with receiving an application that the replacing insurer must notify any other existing insurer 3 days length of time replacing insurer must keep copies of the replacement notice records at least 3 years Free look for life insurance replacements 20 days WA life insurance policy...