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Iowa Insurance Exam Question and answers verified to pass 2024 R245,34   Add to cart
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Exam (elaborations)

Iowa Insurance Exam Question and answers verified to pass 2024

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Iowa Insurance Exam Question and answers verified to pass 2024 Iowa Insurance Exam Riders - correct answer add-on provision to a basic insurance policy that provides additional benefits to the policyholder at an additional cost Licensing Requirements - correct answer -At least 18 years ol...

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Document information

  • August 30, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • iowa insurance exam
  • iowa insurance exam question and answers verified

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  • Lowa
  • Lowa

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Iowa Insurance Exam
Riders - correct answer ✔add-on provision to a basic insurance policy that
provides additional benefits to the policyholder at an additional cost


Licensing Requirements - correct answer ✔-At least 18 years old


-Must not have committed any act that is grounds for denial, suspension, or
revocation of the license


-Paid required license fee


-Must have passed the license exam for the lines of authority for which they
are applying


-Must possess the character and competence required of producers


Results of license exam are valid for ___ days? - correct answer ✔90


Commissioner can issue temporary producer license for up to ___ days
without requiring the temp licensee to pass the exam - correct answer ✔180


Duration of license - correct answer ✔-Valid for 3 years, begins on 1st day of
producer's birth month and ends on the last day of the producer's month in the
renewal year


Producer pays fee and fulfills continuing education requirements

, Defamination - correct answer ✔false, maliciously critical, or derogatory
statements intended to injure a person in the insurance business


Twisting - correct answer ✔misrepresentation to persuade an insured to
terminate and existing policy and to buy a new one


Iowa Insurance Fraud Act - correct answer ✔Led to creation of Iowa
insurance fraud bureau-seeks to identify and eliminate fraudulent insurance
claims


-filing claim known to contain false info
-helping another person file claim known to contain false info
-submitting an application for insurance coverage that contains false info


When an insurer believes that it has received a fraudulent insurance
application or claim, it must notify the Bureau within _____ days - correct
answer ✔60


Cancellation/Nonrenewal - correct answer ✔Can NOT cancel policy with out
notice to insured


Notice of Cancelation - correct answer ✔Delivered to insured at least 20
days before cancelation


Nonpayment of Premium - correct answer ✔Notice 10 days before
cancelation


Notice of Intention NOT to renew - correct answer ✔-30 days prior to
expiration date

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