Ch. 15: State Laws Study Guide Exam
And All Actual Answers.
Which of the following is not a duty the Commissioner must administer?
A
Enforce state insurance laws
B
Approve an insurance license for a producer
C
Administer the workers' compensation system
D
Make state insurance laws - Answer D
The Department must examine each insurance company at least once every _____ years. - Answer 5
Which of the following may the Commissioner not do if he/she cancels or revokes an insurance license?
A
Issue a cease and desist order
B
Refer the matter to the Attorney General for enforcement of any unpaid penalty or restitution
C
Suspend the license for up to 5 years
D
Order the licensee to pay an administrative penalty and/or make restitution - Answer C
A Certificate of Authority is issued to an insurer for which of the following reasons?
A
It certifies the insurer is authorized to transact insurance in this state
,B
It recognizes the insurer for excellence in handling claims
C
It certifies the insurer has passed a market conduct exam in this state
D
It certifies the insurer can break some laws - Answer A
Which of the following is NOT transacting insurance?
A
Providing an insurance proposal
B
Collecting an insurance payment
C
Completing continuing education requirements
D
Delivering an insurance contract - Answer C
Who is NOT eligible for an agent license in this state?
A
A 43-year-old who submitted the appropriate application and fees 1 month ago
B
A 17-year-old who passed the licensing exam 6 months ago
C
A 25-year-old who passed the licensing exam 2 months ago
D
A 30-year-old who submitted the appropriate application and fees 1 week ago - Answer B
If the Department issues a temporary agent license, for how many days is it valid?
A
, 90 days
B
30 days
C
180 days
D
60 days - Answer A
Who does not qualify for exemption from continuing education requirements necessary to maintain an
insurance license?
A
Agent who is in a coma
B
Agent who serves in the Army Reserves
C
Agent licensed for 25 years
D
Nonresident agent - Answer B
A licensed agent is required do which of the following before transacting insurance in Texas?
A
Pass an appointing exam
B
Obtain an appointment from an insurer
C
Obtain a Certificate of Authority
D
Obtain an insurance counselor's license - Answer B
And All Actual Answers.
Which of the following is not a duty the Commissioner must administer?
A
Enforce state insurance laws
B
Approve an insurance license for a producer
C
Administer the workers' compensation system
D
Make state insurance laws - Answer D
The Department must examine each insurance company at least once every _____ years. - Answer 5
Which of the following may the Commissioner not do if he/she cancels or revokes an insurance license?
A
Issue a cease and desist order
B
Refer the matter to the Attorney General for enforcement of any unpaid penalty or restitution
C
Suspend the license for up to 5 years
D
Order the licensee to pay an administrative penalty and/or make restitution - Answer C
A Certificate of Authority is issued to an insurer for which of the following reasons?
A
It certifies the insurer is authorized to transact insurance in this state
,B
It recognizes the insurer for excellence in handling claims
C
It certifies the insurer has passed a market conduct exam in this state
D
It certifies the insurer can break some laws - Answer A
Which of the following is NOT transacting insurance?
A
Providing an insurance proposal
B
Collecting an insurance payment
C
Completing continuing education requirements
D
Delivering an insurance contract - Answer C
Who is NOT eligible for an agent license in this state?
A
A 43-year-old who submitted the appropriate application and fees 1 month ago
B
A 17-year-old who passed the licensing exam 6 months ago
C
A 25-year-old who passed the licensing exam 2 months ago
D
A 30-year-old who submitted the appropriate application and fees 1 week ago - Answer B
If the Department issues a temporary agent license, for how many days is it valid?
A
, 90 days
B
30 days
C
180 days
D
60 days - Answer A
Who does not qualify for exemption from continuing education requirements necessary to maintain an
insurance license?
A
Agent who is in a coma
B
Agent who serves in the Army Reserves
C
Agent licensed for 25 years
D
Nonresident agent - Answer B
A licensed agent is required do which of the following before transacting insurance in Texas?
A
Pass an appointing exam
B
Obtain an appointment from an insurer
C
Obtain a Certificate of Authority
D
Obtain an insurance counselor's license - Answer B
