Teleperformance Pre Test Questions

A commission for selling insurance may not be paid to a person other than a licensed insurance: A) Broker. B) Consultant. C) Advisor. D) Producer. - Answer- D) Producer. Insured risk classification may be based upon which one of the following criteria? A) Creed or national origin. B) Race or color. C) Age or health. D) Religion. - Answer- C) Age or health. A producer may not be compensated for controlled business unless aggregate premiums from other insurance for the past____months exceed premiums from controlled business. A) 12. B) 24. C) 36. D) 18. - Answer- A) 12. A lapsed license may not be used to transact insurance business, unless: A) The consumer does not object. B) The insurer grants permission. C) The business is conducted out of state. D) Reinstated. - Answer- D) Reinstated. Controlled business means insurance issued on all of the following, except: A) One's own property. B) A neighbor's property. C) The property of relatives by blood. D) The property of relatives by marriage. - Answer- B) A neighbor's property. All of the following are reasons why the Commission may disapprove, or withdraw approval of, any form, except: A) It fails to provide the insurers name and domicile. B) It violates state law. C) It fails to provide the producer's name, address, or business address, if for a basic policy or application. D) It is unfair, encourages misinterpretation, is not in the public interest, or contains provisions that endanger the insurer financially. - Answer- C) It fails to provide the producer's name, address, or business address, if for a basic policy or application.