Cease and desist orders Study guides, Class notes & Summaries

PA Life Insurance Exam Questions and Answers Already Passed Single premium cash value policy can be described as.. a policy that is paid up only after one payment All of the following are considered appropriate uses of life insurance.. - attracting quality employees by offering a group life plan - protecting the business by covering key employees with life insurance - funding an entity buy sell agreement The do not call list offers exemption from all except life insurance Ken ...

when does a certificate of authority expire - June 30th when do you report administrative actions - within 30 days Penalty for license denial, suspension, or revocation - 3,000 Penalties for falsifying books/documents - maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - 3000 maximum per violation 30,000 maximum aggregate 30,000 insurer maximum per 750,000 insurer maximum aggregate Claims must be paid by insurers within - ...

Colorado Life and Health Exam 2023 Questions and Answers 100% Accurate when does a certificate of authority expire - ANSWER June 30th when do you report administrative actions - ANSWER within 30 days Penalty for license denial, suspension, or revocation - ANSWER 3,000 Penalties for falsifying books/documents - ANSWER maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - ANSWER 3000 maximum per violation 30,000 maximu...

Washington State Property & Casualty Insurance Exam 100% correct answers Authorized Insurer An insurer that has qualified and received a Certificate of Authority from the Department of Insurance to transact insurance in the state. Contact adhesion the accepter of the contract must "adhere" to the written contract inducement An action aimed at persuading insolvent Bankrupt; unable to pay debts. Transacting Insurance Conducting insurance business, such as solicit...

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...

when does a certificate of authority expire - ANSWER June 30th when do you report administrative actions - ANSWER within 30 days Penalty for license denial, suspension, or revocation - ANSWER 3,000 Penalties for falsifying books/documents - ANSWER maximum fine of 5,000 and between 2-12 months imprisonment Unfair Trade Practices and methods of competition fines - ANSWER 3000 maximum per violation 30,000 maximum aggregate 30,000 insurer maximum per 750,000 insurer maximum aggregate ...

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...

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...

MT PROPERTY & CASUALTY INSURANCE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS The Commissioner must examine an insurer at least every ____ years - Precise Answer 5 years ____ max fine per violation of violation of cease and desist orders; each day costs as a new violation - Precise Answer $1,000 ____ is the maximum aggregate fine of violating cease and desist orders - Precise Answer $10,000 what is the maximum fine for violating a provision of the law code or regulations - Precise A...

Affiliated Business Defined - any portion of a title agency's business written in this state that was referred to it by a producer of title insurance business or by an associate of the producer, where the producer or associate, or both, have a financial interest in the title agency Affirmative Easement - One in which the easement holder has a right to do something on another's land Agency - it is unlawful for any person to transact the business of title insurance unless they are authoriz...