Missouri Property and Casualty State Laws Prep Exam Questions And Verified Answers 2024.

National Association of Insurance Commissioners (NAIC) - Answer writes rules and statutes for legeslature Director of the Department of Insurance is appointed by - Answer Governor, with the advice and consent of the senate. The Director can only be involved with an insurance company as a - Answer Policy holder Director has full power and authority to - Answer Regulate the Department of Insurance, Interpret laws, Examine records of insurer, examine the insurer's records every 5 years, determine solvency, Bring suit in Circuit Court to enjoin any illegal act, enforce compliance with the laws, administratively subpoena documents and witnesses in any investigation The Director must give ____ days written notice of hearings regarding rule changes - Answer 15 All Insurers doing business in Missouri must obtain a - Answer Certificate of Authority from the Director. Failure to do so is a felony. Who may examine the affairs of any person or organization involved in an insurance transaction? - Answer The Director or the Chief Examiner A producer's appointment letter may be revoked by the - Answer insurer