PROPERTY AND CASUALTY ILLINOIS PRACTICE EXAM
FINAL ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS GRADED TO PASS!!!
An applicant for an insurance producer's license may be granted a temporary insurance
producer's license that normally expires after how many days?
90 days
In the case of a deceased licensed insurance producer, the director may extend a temporary
insurance producer license to the administer or executor for a period not to exceed a total of how
many days?
180 days
As established by law, the fee for an insurance producer's license is
$180 every two years
The law requires that a licensed insurance producer advise the insurance director in writing of a
change in his or her residential address within how many days of such a change?
30 days
All of the following are grounds for license suspension or recovation except?
conviction of a misdemeanor
Making a derogatory statement about an insurer's financial condition in order to injure the
insurer's business reputation is an illegal trade practice known as
defamation
In insurance producer who, for the first time, misappropriates insurance funds amounting to $150
or less would be guilty of a
Class A Misdemeanor
Which of the following statements regarding the payments of commissions is not correct?
A producer may not share commissions with a licensed non-resident producer
Premium funds being held by insurance producer or registered firms must be deposited in
Premium fund trust accounts
All of the following acts are illegal under the insurance laws of illinois except
replacing a life insurance policy with another
a misrepresentation or false warranty by an insured will not void an insurance policy unless
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, There was intent to deceive or it materially affects acceptance of the risk by the company
an agent whose license is revoked or whose application for a license is denied will be ineligible
to reapply for any license for how many years?
3 years
Controlled business is insurance sold to cover the lives, businesses, properties or risks of all the
following except
a friend of the insurance producer
applicants for insurance producer licenses must meet all of the following requirements except
be at least 21 years old
The head of the Illinois Department of Insurance is the
Insurance Director
An Insurance Producer who violates a cease and desist order issued by the head of the insurance
department may have his license suspended or revoked and be fined a maximum penalty of
$5,000
Which of the following is NOT included in the general powers of the insurance director?
Developing and writing insurance education courses
What is the daily fine that may be assessed against a person who disobeys a cease and desist
order of the insurance director
$100
The director will conduct examinations of companies not less frequently than every
5 years
a licensed insurance producer, limited lines producer, or temporary insurance producer who is
convicted of a felony must report the conviction to the insurance director within how many days
of the judgments entry date
30
What is the minimum number of prelicensing study hours required for a producer's license in
casualty insurance
20 hours
An insurance producer must complete how many hours of continuing education in each
compliance period?
24 hours
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FINAL ACTUAL EXAM QUESTIONS AND CORRECT
ANSWERS GRADED TO PASS!!!
An applicant for an insurance producer's license may be granted a temporary insurance
producer's license that normally expires after how many days?
90 days
In the case of a deceased licensed insurance producer, the director may extend a temporary
insurance producer license to the administer or executor for a period not to exceed a total of how
many days?
180 days
As established by law, the fee for an insurance producer's license is
$180 every two years
The law requires that a licensed insurance producer advise the insurance director in writing of a
change in his or her residential address within how many days of such a change?
30 days
All of the following are grounds for license suspension or recovation except?
conviction of a misdemeanor
Making a derogatory statement about an insurer's financial condition in order to injure the
insurer's business reputation is an illegal trade practice known as
defamation
In insurance producer who, for the first time, misappropriates insurance funds amounting to $150
or less would be guilty of a
Class A Misdemeanor
Which of the following statements regarding the payments of commissions is not correct?
A producer may not share commissions with a licensed non-resident producer
Premium funds being held by insurance producer or registered firms must be deposited in
Premium fund trust accounts
All of the following acts are illegal under the insurance laws of illinois except
replacing a life insurance policy with another
a misrepresentation or false warranty by an insured will not void an insurance policy unless
Page 1 of 5
, There was intent to deceive or it materially affects acceptance of the risk by the company
an agent whose license is revoked or whose application for a license is denied will be ineligible
to reapply for any license for how many years?
3 years
Controlled business is insurance sold to cover the lives, businesses, properties or risks of all the
following except
a friend of the insurance producer
applicants for insurance producer licenses must meet all of the following requirements except
be at least 21 years old
The head of the Illinois Department of Insurance is the
Insurance Director
An Insurance Producer who violates a cease and desist order issued by the head of the insurance
department may have his license suspended or revoked and be fined a maximum penalty of
$5,000
Which of the following is NOT included in the general powers of the insurance director?
Developing and writing insurance education courses
What is the daily fine that may be assessed against a person who disobeys a cease and desist
order of the insurance director
$100
The director will conduct examinations of companies not less frequently than every
5 years
a licensed insurance producer, limited lines producer, or temporary insurance producer who is
convicted of a felony must report the conviction to the insurance director within how many days
of the judgments entry date
30
What is the minimum number of prelicensing study hours required for a producer's license in
casualty insurance
20 hours
An insurance producer must complete how many hours of continuing education in each
compliance period?
24 hours
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