Utah Property and Casualty (With 100% correct answers)

Department of Insurance Regulations: 5 years correct answers Examination of insurers 30 days correct answers Approval period for policy rates Licensing and Appointment Requirements: correct answers 18 years correct answers Minimum age to apply for a producer license 2 years correct answers Producer licensing period 1 year correct answers To reinstate voluntarily surrendered or lapsed license 15 days correct answers Insurer must file a notice of producer appointment 30 days correct answers To file notice of termination of producer appointment 24 months correct answers Maximum time of license probation 5 years correct answers Maximum term of revocation before person can reapply for license Miscellaneous Producer Regulations: correct answers 30 days correct answers To report change of address or phone number 30 days correct answers To report administrative action or criminal prosecution against producer 24 hours correct answers CE required every 2 years 3 hours correct answers CE credits required in ethics 12 hours correct answers CE required in a classroom setting (half of the total CE hours) 3 years correct answers Producers must keep records of all insurance transactions Important Dollar Amounts: correct answers $100 correct answers The maximum allowed value of a gift to a customer to avoid engaging in an unfair trade practice of illegal inducement $2,500 correct answers Fine for violations of insurance laws or regulations by a producer $5,000 correct answers Fine for violations of insurance laws by any other person