Prelicense practice - Study guides, Class notes & Summaries

Statutes and Regulations Casualty Insurance | Property & Casualty IL Law | IL Casualty Insurance Practice Test | Questions and Answers Graded . Who Doesn't Need a License? An attorney giving legal advice about insurance laws or an insurance contract. • An accountant giving insurance-related advice as part of his or her job duties. • A public adjuster giving insurance-related opinions or advice as part of his or her job duties. • Officers, directors or employees of insurance busines...

Who selects the members of the Indiana Real Estate Commission? - Answer The governor of Indiana selects the commission members. Which of the following statements is false regarding the Indiana Real Estate Commission? - Answer The commission may spend the interest earned from monies accrued in the recovery fund for continuing education for all licensees. Which of the following is required to be a member of the Indiana Real Estate Commission? - Answer The appointee serves at the discretion o...

Xcel Life and Health Insurance Exam Alabama The State Government Regulates the Insurance Industry for the most part The Commissioner of Insurance enforces the insurance laws in Alabama and may: organize, supervise, and administer the Insurance. enforce all provisions in the Insurance Code. Issue Insurance licenses to qualified. Conduct investigations and examinations of insurance matters. Invoke any legal actions necessary to enforce Insurance laws. The Insurance Commissioner can cond...

NJ Real Estate Commission - correct answer Administration of NJ RE licenses by? Dept. of Banking and Insurance - correct answer NJ Real Estate Commission is under Real Estate License Act Title 14 Chapter 15 - correct answer Licenses governed by? Title 11, Chapter 5 - correct answer Rules and regulation...

Statutes and Regulations Casualty Insurance Illinois | Property and Casualty IL Law | IL Casualty Insurance Practice Test Questions and Answers 2023 Graded A. Who Needs a License? Producer license generally required when doing any of the following for compensation: • Selling insurance. • Encouraging someone to buy insurance. • Negotiating terms of insurance. • Giving insurance advice. • Acting without a license is Class A misdemeanor ($2,500 and 1 year in jail). Unlicensed Per...

Xcel Life and Health Insurance Exam Alabama The State Government Regulates the Insurance Industry for the most part The Commissioner of Insurance enforces the insurance laws in Alabama and may: organize, supervise, and administer the Insurance. enforce all provisions in the Insurance Code. Issue Insurance licenses to qualified. Conduct investigations and examinations of insurance matters. Invoke any legal actions necessary to enforce Insurance laws. The Insurance Commissioner can cond...

Real Estate Practice Exam (Missouri)2023 An ad in the local paper was placed by Sarah, a licensed salesperson, on behalf of her seller. The ad reads "Beautiful country lots located on Lake Ivory. Must see! With the purchase of one gorgeous lakeside lot, you will receive a second free. Plus, all purchasers' names will be entered into our lottery sweepstakes! Come soon while lots are still available." Which of the following statements concerning the ad is the most accurate? Answer: The ad is...

WebCE (General Insurance & Life Insurance) Exam Questions and Answers | Latest Updated 2023/2024 (Graded). An insurance producer tells a life insurance applicant that he has the authority to waive the medical exam that is normally required by the insurer with every application. The insurer may be required to accept the application without a medical exam due to the producer's: implied authority express authority apparent authority imputed authority - apparent authority All of the followin...

Xcel Life and Health Insurance Exam Alabama The State Government Regulates the Insurance Industry for the most part The Commissioner of Insurance enforces the insurance laws in Alabama and may: organize, supervise, and administer the Insurance. enforce all provisions in the Insurance Code. Issue Insurance licenses to qualified. Conduct investigations and examinations of insurance matters. Invoke any legal actions necessary to enforce Insurance laws. The Insurance Commissioner can cond...