EXAM PRACTICE SET WITH ANALYSIS A+
◉ Producer fine for failure to obey a written DOI order. Answer:
$5,000
◉ Applicant must pass both parts of license exam within this period
of time. Answer: 90 days
◉ Producer time to notify DOI of change of address/felony
conviction. Answer: 30 days
◉ Producer time to notify DOI of change of license status. Answer:
30 days
◉ Length of temporary producer license. Answer: 90 days
◉ Length of temporary nonproducer license. Answer: 180 days
◉ Producer who lapses license may renew in this period without
new exam by paying double renewal fee. Answer: 12 months
, ◉ Limited lines producer license renews ____ on the 1st of January.
Answer: annually
◉ Producer time to request hearing regarding suspension,
revocation, non-renewal. Answer: 30 days
◉ Producers must be at least how old. Answer: 18 years old
◉ $___ for biennial resident producer license; same fee for rental
auto limited licenses. Answer: $180
◉ $_____ for a temporary insurance producer's license. Answer: $50
◉ $___ for biennial business entity registration. Answer: $150
◉ $_____ annually for a limited lines producer license. Answer: $50
◉ $___ application fee for the written license examination. Answer:
$50
◉ $_____ annual registration for an educational provider. Answer:
$1000