Cease and desist order - Study guides, Class notes & Summaries

MS Property & Casualty Exam Questions The penalty for violating a cease and desist order of the Commissioner might be a loss of license and...? - correct answer A fine up to $1,000 for each violation An insurer formed under the laws of Mississippi is known as...? - correct answer Domestic Insurer An insurance company owned by its POLICYHOLDERS is known as a...? - correct answer Mutual Insurer Is the Commissioner of Insurance appointed or elected? - correct answer The Commissioner is EL...

Barbara's policy includes a rider which allows her to purchase additional insurance at specific dates or events without evidence of insurability. This rider is called a(n) Answers>>Guaranteed insurability rider A guaranteed insurability rider allows for the insured to purchase additional insurance at specific dates or events without evidence of insurability. Disability Income plans which require that the insurer can NEVER change or alter premium rates are usually considered Answers&g...

Question 1 An action authorized by law to restrict or prevent the movement of goods for the protection of public health, safety and welfare is called Choose one answer. a. an injunction b. an embargo c. an order to cease and desist d. a subpoena - an embargo Question 2 Field observations are not always reported in total because Choose one answer. a. the reported forms are usually inadequate b. the significance of the data is not understood c. the field staff are instructed to limit ...

Administrative Agency - correct answer -An organization, usually a part of the executive branch of government, that is created to serve a specific purpose as authorized by the legislative branch Function is usually characterized as quasi-legislative or quasi-judicial Quasi-legislative - correct answer -Describes the rule-making functions of administrative agencies Quasi-judicial - correct answer -Administrative actions involving factual determinations and the discretionary application of ...

WV Life Insurance Laws and Rules Latest Update Graded A+ Examination of Records The Commissioner can examine anyone in the business of insurance in the state at anytime. A company shall be examined every 5 years. Notice and Hearing the Commissioner may call and hold hearings for any purpose deemed necessary. Insurance Commissioner the commissioner may conduct investigations or examinations whenever deemed necessary, subpoena the witnesses to testify. cease and desist order the ...

Michigan Builders License Exam Study Guide Rated A+ What is the first offense penalty for engaging in the practice of residential building without a license? Not less than $5,000 and not more than $25,000 and/or one year in prison. Subsequent violations can extend the prison time to up to 2 years. What is the penalty for engaging in the practice of residential builders license, resulting in a death? Not less than $5,000 and not more than $25,000 and/or four years in prison On your individual ...

PA Life Insurance Exam Questions and Answers Already Passed Single premium cash value policy can be described as.. a policy that is paid up only after one payment All of the following are considered appropriate uses of life insurance.. - attracting quality employees by offering a group life plan - protecting the business by covering key employees with life insurance - funding an entity buy sell agreement The do not call list offers exemption from all except life insurance Ken ...

The final step a licensee will take when preparing a CMA is: 1. Choosing comparables 2. Estimating a reasonable selling price range 3. Making adjustments to comparables 4. Collecting and analyzing information - Answer- CORRECT ANSWER: Estimating a reasonable selling price range A broker price opinion must include what the price was based on and: 1. License number 2. The broker's phone number 3. Applicable market data 4. A legal description - Answer- CORRECT ANSWER: Applic...

The commissioner examines each insurer every ___ Years. - 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order - $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. - 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use - 60 days During Pre-licensing... ____ hours per maj...

Indiana State Life and Health Insurance Exam Questions and Answers Already Passed How many days is a temporary producers license valid? 30 60 90 180 180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 $25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer misrepresents a policy ...

A Mr Xwants to notify West-World Internet Ltd that the messages are defamatory and request the Internet service provider to remove them. What legal steps would you advise X to take to lodge his complaint? To lodge a complaint regarding defamatory messages posted on a bulletin board hosted by West-World Internet Ltd, Mr. X can take the following legal steps: 1. Gather evidence: Mr. X should collect evidence to support his claim that the messages are defamatory. This can include screenshots or pr...

Question 1 An action authorized by law to restrict or prevent the movement of goods for the protection of public health, safety and welfare is called Choose one answer. a. an injunction b. an embargo c. an order to cease and desist d. a subpoena correct answer: an embargo Question 2 Field observations are not always reported in total because Choose one answer. a. the reported forms are usually inadequate b. the significance of the data is not understood c. the ...