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Delaware Law – Insurance Licensing Study Guide & Exam Review 2026_2027

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Delaware Law – Insurance Licensing Study Guide & Exam Review 2026_2027

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delaware law
elected to office in a general election - ANS-the head of the insurance department of
delaware is the commissioner of insurance who is:

five year period - ANS-the commissioner must examine every domestic pc insurer at
least once every:

filing a civil law suit - ANS-the commissioner may revoke or suspend an insurance
license for:

legally represents his or her clients, may arrange for insurance in the open market, is
required to be licensed by the insurance department - ANS-describes an insurance
broker

excess line broker - ANS-authorized to place insurance policies with a non-admitted
insurers

a licensed agent who lives and is licensed in another state - ANS-nonresident insurance
agent

February 28th of the even year for residents - ANS-insurance agents' licenses are
issued for a two-year term and expire on:

rebating - ANS-an agent offers any valuable consideration or inducement not specified
in the policy to sell an insurance policy

3 years - ANS-number of years a licensee retains each original CE course completion
or course report form

twisting - ANS-an agent makes an incomplete comparison of policies, for the purpose of
inducing a person to lapse, forfeit or surrender any insurance policy

3 hours - ANS-number of hours ethics training must be part of the 24 hours of the CE
requirement

name and address of insured, effective date of coverage, identity of the insurer and of
the agent issuing the binder - ANS-insurance binder requirements




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