A nonresident producer Study guides, Class notes & Summaries
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Exam Fx-Property and Casualty Exam | 90 Questions with 100% Correct Answers
- Exam (elaborations) • 6 pages • 2022
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To be considered an insurable risk, a loss may NOT be - catastrophic 
Which of the following persons would be required to hold a producer license? - a 
nonresident agent who negotiates insurance contracts 
Which of the following is the oldest known type of insurance? - ocean marine 
The contents coverage on a homeowners policy would pay how much after the loss of 
one of a pair of golden candlesticks? - the difference in the actual cash value as a 
pair and as a single 
Which of the following ad...
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MT STATE PROPERTY AND CASUALTY EXAM 2024
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A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? Answer - stamping fee 
 
An inducement to purchase an insurance policy is: 
Select one: 
ation 
ing Answer - rebating 
 
A nonresident producer licensed in Montana may sell: 
Select one: 
 insurance that is otherwise lawfully sold in the state of Montana. 
 those types of insurance that the producer could have sold in the producer's state of residence. Answer - only th...
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Casualty Producer NJ- Exam Questions with correct Answers
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Casualty Producer NJ- Exam Questions with correct Answers 
 
Powers and duties of Commissioner Conduct research 
Make reasonable rules and regulations 
Issue orders and notices 
Issue insurance licenses and certificates of authority 
Impose penalties 
Approve insurance policy forms and rates 
 
Amount of days notice before hearing 10 
 
Retrocession When a reinsurer transfers risks it has accepted to another insurer 
 
Producers can be Agents, brokers or both 
 
Insurance agent a licensed ...
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 35 pages • 2024
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Xcel Solutions Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A 
 
Q: Which of these techniques will remove the risk of losing money in the stock market by never purchasing stocks? 
 
 
Answer: 
Risk avoidance 
Risk avoidance could eliminate the risk of losing money in the stock market by never investing in stocks. 
 
 
 
Q: Which of the following nursing home options would BEST suit an individual who needs some nursing care and supe...
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MT State Property and Casualty Exam Q&A
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A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? - Answer- stamping fee 
 
An inducement to purchase an insurance policy is: 
Select one: 
ation 
ing - Answer- rebating 
 
A nonresident producer licensed in Montana may sell: 
Select one: 
 insurance that is otherwise lawfully sold in the state of Montana. 
 those types of insurance that the producer could have sold in the producer's state of residence. - Answer- only...
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Chapter Exam: Louisiana Laws and Rules Questions and Answers Already Passed
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Chapter Exam: Louisiana Laws and Rules Questions and Answers Already Passed 
charles is a producer who is licensed in louisiana but resides in mississippi. Charles is considered to be a(n) Nonresident producer 
Karen the producer pays for her client's initial premium payment as an incentive for purchase. this act is considered a(n) Rebate 
an indemnity plan limitation that will pay the dental bills after a small amount is paid by the insured is called Coinsurance 
according to Louisiana law, gr...
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MT State Property and Casualty Exam Questions with Verified Answers
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MT State Property and Casualty Exam 
Questions with Verified Answers 
 
A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory 
Board. This fee is known as the? stamping fee 
 
An inducement to purchase an insurance policy is: 
Select one: 
ation 
 
ing rebating 
 
A nonresident producer licensed in Montana may sell: 
Select one: 
 insurance that is otherwise lawfully sold in the state of Montana. 
 those types of insurance that the producer could have sol...
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Insurance Regulations Washington State-Producer Licensing Correct 100%
- Exam (elaborations) • 20 pages • 2024
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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...
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Webce Insurance test questions and Answers Graded A+
- Exam (elaborations) • 53 pages • 2023
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Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 
 
20 
30 
10 
45 - ANSWER-10 days 
 
Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? 
 
 She must move to Pennsylvania. 
 She must surrende...
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DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance Exam Questions and Answers 100% Pass
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DELAWARE LAWS, RULES & REGULATIONS: Life, 
Accident and Health, Property and Casual Insurance 
Exam Questions and Answers 100% Pass 
Producer/Agent - Correct Answer ️️ -Agent of Insurer 
- Licensed producer appointed by and represents insurer 
- Sells, solicits, or negotiates applications and policies 
- Able to issue conditional receipts 
BROKER 
- Licensed producer who represents the insured for compensation 
Insurance Producer - Correct Answer ️️ --Person required to be licensed to se...
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