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

VA State Health and Insurance Exam CH 10 with Complete Solutions What governing body issues rules and regulations for the administration of the Insurance Code? A) The State Corporation Commission B) The Virginia Department of Insurance C) The Life and Health Guarantee Association D) The Joint Legislative Audit and Review Commission A) The State Corporation Commission The State Corporation Commission, referred to as "the Commission," issues the rules and regulations for the admin...

Reviewed NEHA RS / REHS Exam Revamp Main Cards EXAM LATEST ACTUAL EXAM QUESTIONS AND CORRECT DETAILED ANSWERS | EVERYTHING YOU NEED TO PASS EXAM 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

If a car dealer offers $1,000 bonds as a bonus for the purchase of cars, the car dealer is correct answers engaging in the offering for sale of a security According to the Uniform Securities Act, offering securities as a bonus on the purchase of another thing for value, such as a car, constitutes an offer of securities. For the purposes of the Uniform Securities Act, the dealers are offering securities and are subject to the provisions of the act. The practice is not fraudulent, but registrat...

How many days is a temporary producers license valid? 30 60 90 180 - ANSWER 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 - ANSWER $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 to induce a policyowner to surrender an existing po...

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 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 ...

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 builder's license application, what sh...

All accident and health policies issued in Colorado that provide major medical services must offer policyholders the opportunity to purchase supplemental coverage home health care coverage double indemnity coverage disability coverage home health care coverage Which of the following offers an insurance applicant the right to review the contract and receive a full refund? Elimination period Refund period Free-look period Probation period free-look period When an employee...

New York Laws and Rules; Questions and Answers 100% Solved cease and desist order CORRECT ANSWER-a person who is charged with engaging in an unfair method of competition or committing an unfair or deceptive act or practice is entitled to a hearing before the Superintendent. The person must be notified of the time and place of the hearing at least 10 days in advance.

24 hrs & 3 of those hours ethics - ANSWER-To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER-To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - ANSWER-A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the state within___________ of the fina...

According to the insurance law, who is the principal? - Ans: Broker An application as a resident agent must be made in how many days if an individual establishes a principal place of residence within Pa from another state? - Ans: 90 days Issued for 180 days for surviving spouse, surviving inactive officer or partner, legal representative. Can be used upon death or incompetency of producer, or when individuals are serving in the military. - Ans: a temporary license Commissioner can do al...