INSURANCE EXAM | COMPREHENSIVE
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,to negotiate you must be? Licensed
sell contract of insurance
solicit try to sell insurance of any type
a nonresident agent does not live in Ohio
how can you be a nonresident agent submit the right application, be in good standing, have resident license
how long do you have to notify of an address change? you have 30 days
when do you have to renew license by every other year on or before the last day of your birthday month
how much is the fee to renew your license the fee is 25 dollars
how many hours of CE courses do you have to have to renew 24 hours, 3 ethics
who proves you took CE you do
how do you get an extension on your renewal military, disability, education
late renewal within 2 months, pay 50 dollar late fee
can you suspend license for nonrenewal yes
if you want to change your insurance agent name you must do notify the super of insurance
what first
how long are temp licenses good for 180 days
how can you get temp license agent disabled or dies, give to next in line
you can go inactive with insurance but you must not go on to sell insurance
how long must you be out of duty for inactive 2 years
, go back active after 2 years? notify super, pay 50 dollar fee
how can you get license taken away? Fraud, fail to submit papers in time, misrep, felony
violate law up to 25,000 fee with suspension
if you violate how long must you be out of business 5 years
what happens if you get a cease and desist you must stop business and have hearing
how much is fine if you dont listen to cease and desist 10,000
work without a license, what is fine? 25-500, prison up to 6 months
unauthorized company fine? 25-500, 6 months jail
violate rules 25-500, 1 year jail time
if you don't file proper insurance documents? 100-500 dollar fine
what happens if you have to have a hearing notice before suspension, written or in newspaper
must want a what to avoid the hearing consent agreement
if you are in ad/civil court you must notify super by 30 days
if you are in criminal court you must notify super immediately
if indicited you must notify super by 14 days
what does the super of insurance do they ensure laws are followed, make pre requirements, renew yearly
insolvency you can't pay within 30 days
how many days does someone have to accept or deny a claim 21 days