Iowa Property & Casualty Practice Questions with 100% Correct Answers | Updated 2024 | Guaranteed Success

$10,000 - The maximum fine for failing to adhere to a cease and desist order The Insurance Commissioner - The business of insurance is regulated in Iowa by The producer's license will automatically terminate at expiration - If a producer fails to comply with the Iowa continuing education requirements Nonadmitted companies - Surplus lines producers place coverage with 30 days - A producer must notify the insurance division of a name change within False - True or false: admitted insurance companies accept surplus and excess lines business 60 days - An insurer must notify the fraud bureau within __ days of receipt of a claim it believes to be fraudulent False - True or false: Persons are always civilly liable as the result of filing reports with law enforcement agencies