Questions & Answers
At least how many hours of prelicensing education must be completed by an applicant for an
insurance producer's license? - ANSWERS20
Which of the following does an appointed insurance producer represent in an insurance
transaction? - ANSWERSInsurer
For the purpose of conducting an investigation, the Tennessee Commissioner of Insurance has
all of the following powers EXCEPT - ANSWERSThe power to impose a jail sentence
Who administers all laws that relate to insurance in Tennessee? - ANSWERSThe Department of
Commerce and Insurance
Which of the following is NOT a power of the Commissioner of Commerce and Insurance? -
ANSWERSWriting the Tennessee insurance laws
An unlicensed person who is neither employed by nor affiliated with the insurance producer
may be paid a referral fee in a fixed dollar amount, not to exceed - ANSWERS$25
If a producer were to write an insurance contract with a company that was not authorized to do
business in Tennessee, he would - ANSWERSBe held personally liable for all premiums and
claims
A business entity may become licensed as a producer if - ANSWERSIt designates a licensed
producer who will be responsible for the entity's compliance with state laws and regulations
, An insurer appointing a producer as its agent must file a notice of the appointment with the
Commissioner within how long after the date the agency contract is executed or the first
insurance application is submitted? - ANSWERS15 days
A resident producer who moves from Tennessee to another state must file a change of address
and provide certification from the new state of residence within - ANSWERS30 days
What is an authorized insurer? - ANSWERSA company that is authorized by the Commissioner to
transect insurance business in Tennessee
An insurance company's license to do business in Tennessee is called a - ANSWERScertificate of
authority
A licensed nonresident producer who moves to Tennessee and applies within 90 days of arrival
to become a resident producer is exempt from - ANSWERSthe insurance licensing exams
The Commissioner may issue all of the following penalties to producers who engage in unfair or
deceptive practices EXCEPT - ANSWERSOrder a 2-year prison term for willful violators
Which of the following people must pass the
producer's licensing examination? - ANSWERSApplicants who apply for property and casualty
insurance licenses
Applicants can receive limited insurance representative licenses, without examination, in all of
the following lines of insurance EXCEPT - ANSWERSGroup life and health
Which of the following people could NOT be granted a temporary producer's license? -
ANSWERSAn insurance client of a deceased producer