MO PROPERTY AND CASUALTY STUDY EXAMS
GUIDE ACTUAL QUESTIONS AND ANSWERS SURE
A+
✔✔The Director may grant a waiver of the mandatory continuing education requirement
for
_______ for any of the following reasons: - ✔✔1 year.
Serious physical injury or illness. Active duty in the armed services for an extended
period of time. Residence outside the United States. The licensee is at least 70 years of
age
✔✔The Director may suspend or revoke a Producer license for: - ✔✔Convicted of a
felony or crime involving moral turpitude. Using fraudulent, coercive, or dishonest
practices, or demonstrating incompetence,
Untrustworthiness or financial irresponsibility.
Having an insurance Producer license, or its equivalent, denied, suspended or revoked
in any other state. Didn't pay child support, didn't pay income taxes
✔✔The Director must give _______________ before suspending, revoking, or refusing
to issue or renew a
license. - ✔✔public notice
, ✔✔A Producer has only __________ to appeal the suspension, revocation, or
nonrenewal - ✔✔30 days
✔✔Each web site or home page of insurance Producers or insurance companies must
contain: - ✔✔An address and telephone number; and
A list of the states in which they are authorized
✔✔The following are Unfair Trade Practices - ✔✔Boycotting in any insurance
transaction. *Defamation*, which is making false statements about the financial
condition of any *insurer*. Failure to maintain complaint handling procedures. False
advertising. False statements made to any public official. Misrepresentations of any
insurance policy. *Rebating*, which is paying an inducement (such as stock) to any
person to purchase insurance. Unfair discrimination, which is charging different rates or
terms for persons of the same risk class. Using a senior-specific certification or
professional designation that may mislead a senior client to
believe that the Producer has special certification or training in advising seniors (60 or
over). Discriminating solely because of age, race, accestory...
✔✔It is considered to be discriminatory in Missouri to - ✔✔Deny maternity benefits to
insureds purchasing an individual health policy when comparable family
coverage contracts offer maternity benefits.
Treat complications of pregnancy differently from any other illness or sickness under a
health policy
✔✔If a Financial Planner (etc.) also has a Producer license, the Financial Planner must
- ✔✔Must tell client about the conflict of interest, keep records of financial planning fee
in writing for 3 years
✔✔After taking an application, the Producer must give the applicant written notice within
_____: of what? - ✔✔30 days: If the Producer is unable to secure coverage. If the
insurer denies coverage. If coverage has been obtained.
✔✔Neither the Producer nor a member of the Producer's immediate family may be a
beneficiary or
acquire any ownership interest in client's policy unless - ✔✔an insurable interest
relationship exists (such as
with a spouse or other family member)
✔✔A Producer cannot obtain a loan from a client unless - ✔✔The client is in the
business of providing loans (banker). There is an insurable interest relationship between
the client and the Producer (a loan from a
family member is permitted).
GUIDE ACTUAL QUESTIONS AND ANSWERS SURE
A+
✔✔The Director may grant a waiver of the mandatory continuing education requirement
for
_______ for any of the following reasons: - ✔✔1 year.
Serious physical injury or illness. Active duty in the armed services for an extended
period of time. Residence outside the United States. The licensee is at least 70 years of
age
✔✔The Director may suspend or revoke a Producer license for: - ✔✔Convicted of a
felony or crime involving moral turpitude. Using fraudulent, coercive, or dishonest
practices, or demonstrating incompetence,
Untrustworthiness or financial irresponsibility.
Having an insurance Producer license, or its equivalent, denied, suspended or revoked
in any other state. Didn't pay child support, didn't pay income taxes
✔✔The Director must give _______________ before suspending, revoking, or refusing
to issue or renew a
license. - ✔✔public notice
, ✔✔A Producer has only __________ to appeal the suspension, revocation, or
nonrenewal - ✔✔30 days
✔✔Each web site or home page of insurance Producers or insurance companies must
contain: - ✔✔An address and telephone number; and
A list of the states in which they are authorized
✔✔The following are Unfair Trade Practices - ✔✔Boycotting in any insurance
transaction. *Defamation*, which is making false statements about the financial
condition of any *insurer*. Failure to maintain complaint handling procedures. False
advertising. False statements made to any public official. Misrepresentations of any
insurance policy. *Rebating*, which is paying an inducement (such as stock) to any
person to purchase insurance. Unfair discrimination, which is charging different rates or
terms for persons of the same risk class. Using a senior-specific certification or
professional designation that may mislead a senior client to
believe that the Producer has special certification or training in advising seniors (60 or
over). Discriminating solely because of age, race, accestory...
✔✔It is considered to be discriminatory in Missouri to - ✔✔Deny maternity benefits to
insureds purchasing an individual health policy when comparable family
coverage contracts offer maternity benefits.
Treat complications of pregnancy differently from any other illness or sickness under a
health policy
✔✔If a Financial Planner (etc.) also has a Producer license, the Financial Planner must
- ✔✔Must tell client about the conflict of interest, keep records of financial planning fee
in writing for 3 years
✔✔After taking an application, the Producer must give the applicant written notice within
_____: of what? - ✔✔30 days: If the Producer is unable to secure coverage. If the
insurer denies coverage. If coverage has been obtained.
✔✔Neither the Producer nor a member of the Producer's immediate family may be a
beneficiary or
acquire any ownership interest in client's policy unless - ✔✔an insurable interest
relationship exists (such as
with a spouse or other family member)
✔✔A Producer cannot obtain a loan from a client unless - ✔✔The client is in the
business of providing loans (banker). There is an insurable interest relationship between
the client and the Producer (a loan from a
family member is permitted).
