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Insurance Regulation Quiz 4
15問 • 3ヶ月前
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    問題一覧

  • 1

    All of the following violations may result in an agent's imprisonment EXCEPT

    Failing to report to the department of a criminal prosecution taken against the agent in another jurisdiction

  • 2

    Which of the following best describes the unfair trade practice of defamation?

    Making the derogatory oral statements about another insurer's financial condition

  • 3

    Which of the following types of insurance would be covered under the Terrorism Risk Insurance Act (TRIA)?

    Workers compensation insurance

  • 4

    Under which of the following circumstances can financial institutions share insurance coverage information with third parties, for the purpose of soliciting the purchase of insurance?

    If a consumer does not sign and return the notice of disclosure within 30 days

  • 5

    Who is responsible for paying producer appointment fees?

    The appointing insurer

  • 6

    A licensed producer moving to Pennsylvania may become licensed as a resident if the producer submits a completed application within how many days of establishing residence in Pennsylvania with proof of licensing from their prior home state?

    90

  • 7

    All of the following actions can be described as twisting EXCEPT

    Explaining to a client the advantages of permanent insurance over term and suggesting changing policies

  • 8

    Which of the following is true regarding Continuing Education required for those holding a Pennsylvania producer license?

    24 hours each licensing period

  • 9

    According to the privacy of consumer financial information regulation, if a consumer decides to opt out, this means

    The consumer directs the licensee not to disclose the consumer's nonpublic personal financial information to a third party

  • 10

    Any inducement offered to the insured in the sale of an insurance policy that is not specified in the policy is unlawful practice known as

    Rebating

  • 11

    If they telemarketer wants to make an unsolicited sales call to a potential customer, what is the earliest time the telemarketer can call the prospect's residence?

    8 a.m.

  • 12

    When a producer died, his surviving spouse needed to maintain the insurance agency until it could be sold. Without passing an examination, she could qualify for a temporary license for a maximum period of

    180 days

  • 13

    Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report

    Must be informed of the source of the report

  • 14

    For the purpsose of examination by the Department, insurers must keep a record of all financial files for at least

    5 years

  • 15

    Under the Insurance Fraud Protection Act, when can a person who has been convicted of a crime involving dishonesty or a breach of trust engage in the business of insurance?

    After obtaining the consent of the Department of Insurance

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    問題一覧

  • 1

    All of the following violations may result in an agent's imprisonment EXCEPT

    Failing to report to the department of a criminal prosecution taken against the agent in another jurisdiction

  • 2

    Which of the following best describes the unfair trade practice of defamation?

    Making the derogatory oral statements about another insurer's financial condition

  • 3

    Which of the following types of insurance would be covered under the Terrorism Risk Insurance Act (TRIA)?

    Workers compensation insurance

  • 4

    Under which of the following circumstances can financial institutions share insurance coverage information with third parties, for the purpose of soliciting the purchase of insurance?

    If a consumer does not sign and return the notice of disclosure within 30 days

  • 5

    Who is responsible for paying producer appointment fees?

    The appointing insurer

  • 6

    A licensed producer moving to Pennsylvania may become licensed as a resident if the producer submits a completed application within how many days of establishing residence in Pennsylvania with proof of licensing from their prior home state?

    90

  • 7

    All of the following actions can be described as twisting EXCEPT

    Explaining to a client the advantages of permanent insurance over term and suggesting changing policies

  • 8

    Which of the following is true regarding Continuing Education required for those holding a Pennsylvania producer license?

    24 hours each licensing period

  • 9

    According to the privacy of consumer financial information regulation, if a consumer decides to opt out, this means

    The consumer directs the licensee not to disclose the consumer's nonpublic personal financial information to a third party

  • 10

    Any inducement offered to the insured in the sale of an insurance policy that is not specified in the policy is unlawful practice known as

    Rebating

  • 11

    If they telemarketer wants to make an unsolicited sales call to a potential customer, what is the earliest time the telemarketer can call the prospect's residence?

    8 a.m.

  • 12

    When a producer died, his surviving spouse needed to maintain the insurance agency until it could be sold. Without passing an examination, she could qualify for a temporary license for a maximum period of

    180 days

  • 13

    Under the Fair Credit Reporting Act, individuals rejected for insurance due to information contained in a consumer report

    Must be informed of the source of the report

  • 14

    For the purpsose of examination by the Department, insurers must keep a record of all financial files for at least

    5 years

  • 15

    Under the Insurance Fraud Protection Act, when can a person who has been convicted of a crime involving dishonesty or a breach of trust engage in the business of insurance?

    After obtaining the consent of the Department of Insurance