REVIEW QUESTIONS WITH ACCURATE
ANSWERS
Once a consumer complaint has been filed, an insurance company has how many days to respond to the
Insurance Department? ✔ansOnce a consumer complaint has been filed, an insurance company has 20
days to respond to the Insurance Department.
The correct answer is: 20 days
Appointments expire on the last day of the appointee's birth month after: ✔ansAppointments expire 24
months later on the last day of the appointee's birth month.
The correct answer is: 24 months
What is the first action the Office of Insurance Regulation will take for an insurer engaging in an unsound
practice? ✔ansIf the Office of Insurance Regulation finds that a state financial institution has engaged in
unsound or unsafe practice, it may issue a cease and desist order.
The correct answer is: A cease and desist order
Applicants for a disability insurance license must complete how many hours of approved prelicensing
education? ✔ansApplicants for a disability insurance license must complete 40 hours of approved
prelicensing education.
The correct answer is: 40 hours
How often must the Office of Insurance Regulation conduct an examination of a domestic insurer that
has held a certificate of authority for less than 3 years? ✔ansThe Office of Insurance Regulation must
conduct an examination at least every year of a domestic insurer that has held a certificate of authority
for less than 3 years.
The correct answer is: Every year
A termination of appointment must be sent in writing to the Insurance Department within: ✔ansA
termination of appointment must be sent in writing to the Insurance Department within 30 days.
The correct answer is: 30 days