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Insurance Regulation Quiz 8
15問 • 3ヶ月前
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    問題一覧

  • 1

    Which of the following authorities is authorized to issue a temporary insurance producer's license?

    Commissioner

  • 2

    An insurer publishes intimidating brochures that portray the insurer's competition as financially and professionally unstable. Which of the following best describes this act?

    Illegal under any circumstances

  • 3

    An applicant is denied insurance because of information found in a consumer report. Which of the following requires that the insurance company supply the applicant with the name and address of the consumer reporting company?

    Fair Credit Reporting Act

  • 4

    Which of the following would NOT be considered rebating?

    Giving a client a $50 pen with the insurer's logo during the insurance application process

  • 5

    The National Do Not Call Registry was created to regulate

    Telemarketers

  • 6

    How long does a temporary producer's license last for the surviving spouse of a deceased producer?

    180 days

  • 7

    On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of

    Misrepresentation

  • 8

    When a producer has a change in residence or business address, the producer must notify the Department of Insurance and any company for which the producer holds an appointment within

    30 days

  • 9

    Which of the following is the term used when a person in a fiduciary position has used assets in manner for which they were not intended such as the wrongful taking or use of money belonging to another?

    Missappropriation of funds

  • 10

    Which of the following persons is required to hold a producer license?

    A person who negotiates insurance contracts

  • 11

    Which of the following acts created a federal program that would share the risk of loss from potential terrorist attacks with the insurance industry?

    TRIA

  • 12

    Which of the following would be considered an illegal inducement to purchase insurance?

    Confirming future dividends in a life insurance proposal

  • 13

    Which of the following is an example of an unfair claims settlement practice?

    Failure to promptly settle a claim when liability has been clearly established

  • 14

    When twin brothers applied for life Insurance from company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered

    Discrimination

  • 15

    A person applying for a manager's or an exclusive general agent's license must meet all the following requirements EXCEPT

    Be responsible for at least 25% of the total commissions collected by the office that they manage

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    問題一覧

  • 1

    Which of the following authorities is authorized to issue a temporary insurance producer's license?

    Commissioner

  • 2

    An insurer publishes intimidating brochures that portray the insurer's competition as financially and professionally unstable. Which of the following best describes this act?

    Illegal under any circumstances

  • 3

    An applicant is denied insurance because of information found in a consumer report. Which of the following requires that the insurance company supply the applicant with the name and address of the consumer reporting company?

    Fair Credit Reporting Act

  • 4

    Which of the following would NOT be considered rebating?

    Giving a client a $50 pen with the insurer's logo during the insurance application process

  • 5

    The National Do Not Call Registry was created to regulate

    Telemarketers

  • 6

    How long does a temporary producer's license last for the surviving spouse of a deceased producer?

    180 days

  • 7

    On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. The company is guilty of

    Misrepresentation

  • 8

    When a producer has a change in residence or business address, the producer must notify the Department of Insurance and any company for which the producer holds an appointment within

    30 days

  • 9

    Which of the following is the term used when a person in a fiduciary position has used assets in manner for which they were not intended such as the wrongful taking or use of money belonging to another?

    Missappropriation of funds

  • 10

    Which of the following persons is required to hold a producer license?

    A person who negotiates insurance contracts

  • 11

    Which of the following acts created a federal program that would share the risk of loss from potential terrorist attacks with the insurance industry?

    TRIA

  • 12

    Which of the following would be considered an illegal inducement to purchase insurance?

    Confirming future dividends in a life insurance proposal

  • 13

    Which of the following is an example of an unfair claims settlement practice?

    Failure to promptly settle a claim when liability has been clearly established

  • 14

    When twin brothers applied for life Insurance from company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered

    Discrimination

  • 15

    A person applying for a manager's or an exclusive general agent's license must meet all the following requirements EXCEPT

    Be responsible for at least 25% of the total commissions collected by the office that they manage