Resident producer - Study guides, Class notes & Summaries

Pennsylvania Laws and Regulations Applicable to All Lines of Insurance Questions and Answers 100% Pass Licensing Process: Pre-Licensing Education Requirements Pre-licensing education requirements: - 24 credit hours - 3 of the 24 hours must be in ethics Licensing Process: License Exam and Pre-Licensing Education Exemptions - Business entity - Non-resident producers - Professional designations (CLU--Life and Health license, CPCU--Property and Casualty license, CIC--Life, Health, Pr...

Producer - ANSWERSIndependent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - ANSWERSAn agent who holds an insurance license in the state in which they live non-resident producer - ANSWERSAgents who hold an insurance license in a different state than the one they live Broker - ANSWERSagents that work on behalf of life insurance companies to help potential customers navigate the process of buying...

South Carolina Life Insurance Producer with Complete Solutions Producer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer An agent who holds an insurance license in the state in which they live non-resident producer Agents who hold an insurance license in a different state than the one they live Broker agents that work on behalf of life insurance companies to help potential custo...

Connecticut State Insurance Laws Exam Questions and Answers Licensing - Resident Producer - Correct Answer ️️ -18 Years old Min Age Financially responsible ; Good moral character 80 HRS required for P&C and Life / Accident & Health of pre licensing study Must pass written exam in lines of business seeking license Biennial CE Requirememt 24 Hours All licenses expire on January 31st 40 Hrs for other lines Non Resident Producer - Correct Answer ️️ -Can be exempt from pre licensing ...

Which of the following types of an individual policies does NOT require a policy summary to be given? - Credit Life Which of the following is considered a producer's fiduciary responsibility? - Collect premiums and remit to the insurance company as soon as reasonably possible If an application for a producer's license has been denied, you may request a hearing within how many days after the receipt of the denial? - 30 days Which of the following activities may NOT be granted as credit for c...

Producer Ans- An individual and/or an entity authorized in writing (through a company contract) by a lawfully qualified insurance company to transact, negotiate, or effect contracts of insurance on behalf of that insurance company. Resident Producer Ans- A person that resides in a state and is licensed to "transact insurance business" for at least one insurer in that same state. Non-Resident Producer Ans- A producer that is licensed in their home state (where they reside) & has wr...

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...

South Carolina Life Insurance Producer Exam 2024 with 100% correct answers 1. Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. ANS Producer 2. An agent who holds an insurance license in the state in which they live ANS - resident producer 3. Agents who hold an insurance license in a different state than the one they live ANS non-resident producer 4. agents that work on behalf of life insurance companies to...

MISSOURI LAWS & RULES EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS A health insurance policy application may ONLY be altered with the written consent of the - Precise Answer Applicant All of these statements concerning a licensee's responsibility for premiums received are true EXCEPT - Precise Answer The licensee shall hold them in a fiduciary capacity before transmitting them to the insurance company In order to terminate a producer's appointment, the insurer MUST - Precise Answer S...

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...