CMT MO STATE COMPREHENSIVE EXAM 2026
QUESTIONS WITH ANSWERS GRADED A+
◉ Which of the following is NOT a penalty for refusing to testify in a
Department hearing?
Being held in contempt
Being required to appear before the Director
Being assessed a civil penalty up to $5,000 per violation
Being ordered to testify in circuit court. Answer: Being assessed a civil
penalty up to $5,000 per violation
The circuit court may impose a civil penalty up to $50,000 for each
violation.
◉ If disciplinary action against a producer resulted in monetary relief of
$200 or less, the producer's record will be expunged after _____ years.
3
5
7
10. Answer: 5, All records of disciplinary actions against an insurance
producer that result in forfeiture or other monetary relief of $200 or less,
,and place no other legal duty upon the producer, will be expunged after
5 years.
◉ The Director may conduct a financial examination of an insurer
whenever necessary but no less often than every _____ years.
3
5
7
10. Answer: The Director or any authorized examiners may conduct an
examination of any company as often as is deemed appropriate, but a fi
nancial examination of every insurer licensed in Missouri must be
conducted at least once every 5 years.
◉ Which of the following is true about the Missouri insurance cease and
desist order?
It is the only method used to prevent an insurance unfair trade practice
Violation may result in a minimum fine of $100,000
Any collected fine provides relief to mistreated consumers
An alternative to a cease and desist order is federal court action. Answer:
Any collected fine provides relief to mistreated consumers
Money received from the Director's enforcement proceeding and
imposition of penalties is placed in a "Consumer Restitution Fund," used
to provide relief to mistreated consumers.
,◉ Within how many days must an insurer notify the Director it has
appointed a producer?
15
30
45
60. Answer: 30
◉ Which of the following statements about producer licenses is TRUE?
Resident producer licenses renew every 2 years
Resident and nonresident producer licenses renew every 3 years
Surplus lines licenses renew every year
Nonresident surplus lines licenses are not issued in Missouri. Answer:
Resident producer licenses renew every 2 years in Missouri.
◉ Which of the following is NOT a qualification for obtaining an
insurance producer license?
Being at least 18 years old
Paying a $200 license fee
Passing a licensing exam
Not committing a prohibited act. Answer: Paying a $200 license fee
The producer license fee is $100.
, ◉ How many hours of approved continuing education must Missouri
insurance producers complete during a license renewal period?
10
12
14
16. Answer: 16
◉ When must a producer notify the Director of any change in legal
address?
Never
Within 15 days
Within 30 days
Within 90 days. Answer: Within 30 days
◉ A producer's license may be revoked for all of the following reasons,
except:
Knowingly violating a state insurance law
Being convicted of a crime involving moral turpitude
Learning another producer stole money
Having an insurance license suspended in another state. Answer:
Learning another producer stole money
QUESTIONS WITH ANSWERS GRADED A+
◉ Which of the following is NOT a penalty for refusing to testify in a
Department hearing?
Being held in contempt
Being required to appear before the Director
Being assessed a civil penalty up to $5,000 per violation
Being ordered to testify in circuit court. Answer: Being assessed a civil
penalty up to $5,000 per violation
The circuit court may impose a civil penalty up to $50,000 for each
violation.
◉ If disciplinary action against a producer resulted in monetary relief of
$200 or less, the producer's record will be expunged after _____ years.
3
5
7
10. Answer: 5, All records of disciplinary actions against an insurance
producer that result in forfeiture or other monetary relief of $200 or less,
,and place no other legal duty upon the producer, will be expunged after
5 years.
◉ The Director may conduct a financial examination of an insurer
whenever necessary but no less often than every _____ years.
3
5
7
10. Answer: The Director or any authorized examiners may conduct an
examination of any company as often as is deemed appropriate, but a fi
nancial examination of every insurer licensed in Missouri must be
conducted at least once every 5 years.
◉ Which of the following is true about the Missouri insurance cease and
desist order?
It is the only method used to prevent an insurance unfair trade practice
Violation may result in a minimum fine of $100,000
Any collected fine provides relief to mistreated consumers
An alternative to a cease and desist order is federal court action. Answer:
Any collected fine provides relief to mistreated consumers
Money received from the Director's enforcement proceeding and
imposition of penalties is placed in a "Consumer Restitution Fund," used
to provide relief to mistreated consumers.
,◉ Within how many days must an insurer notify the Director it has
appointed a producer?
15
30
45
60. Answer: 30
◉ Which of the following statements about producer licenses is TRUE?
Resident producer licenses renew every 2 years
Resident and nonresident producer licenses renew every 3 years
Surplus lines licenses renew every year
Nonresident surplus lines licenses are not issued in Missouri. Answer:
Resident producer licenses renew every 2 years in Missouri.
◉ Which of the following is NOT a qualification for obtaining an
insurance producer license?
Being at least 18 years old
Paying a $200 license fee
Passing a licensing exam
Not committing a prohibited act. Answer: Paying a $200 license fee
The producer license fee is $100.
, ◉ How many hours of approved continuing education must Missouri
insurance producers complete during a license renewal period?
10
12
14
16. Answer: 16
◉ When must a producer notify the Director of any change in legal
address?
Never
Within 15 days
Within 30 days
Within 90 days. Answer: Within 30 days
◉ A producer's license may be revoked for all of the following reasons,
except:
Knowingly violating a state insurance law
Being convicted of a crime involving moral turpitude
Learning another producer stole money
Having an insurance license suspended in another state. Answer:
Learning another producer stole money
