Kansas Property and Casualty State Exam with all Correct
& 100% Verified Answers |Actual Complete Update |
Already Graded A+
What is a producer? ✔Correct Answer-An individual and/or entity authorized in writing
contracts of insurance
A person who resides in a particular state and transacts business in one state for a particular
company ✔Correct Answer-Resident Producer
What are the state Commissioner's responsibilities? ✔Correct Answer-To enforce insurance
code and administers/regulates existing laws that have already been passed by Kansas
Legislature
How often does the Commissioner do audits? ✔Correct Answer-At least once every 5 years;
can request anytime to determine solvency and their ability to pay claims
When will the producer be liable for charges/fees of a hearing? ✔Correct Answer-Only when
the producer is found guilty
Where can a producer appeal a commissioner's decision? ✔Correct Answer-In any court in
their county within 60 days
What is the Hearing Process? ✔Correct Answer-1. Notice of Hearing (15 days or within
reasonable time)
2. Hearing
3. Commissioner's decision
4. Penalties
What is a cease and desist order? ✔Correct Answer-orders a party to stop a certain practice
How often must you complete CE (continuing education)? ✔Correct Answer-Every 2 years
(biennium) before your birthday (based on your birth year).
EX: birthday is 1998, licensed in 2018, CE is due 2020, 2022, 2024, etc.
How many hours are required for CE? ✔Correct Answer-12 hours per license attained; at least
1 hour of ethics per 12 hours.
EX: Life & Health and Property & Casualty = 24 hours of CE, including 2 hours of ethics.
What is misrepresentation? (Unfair Trade Practices Act) ✔Correct Answer-When a producer
knowingly gives false information or untrue comparisons of any policy benefits/advantages
, How is False Advertisement prevented by the Unfair Trade Practices Act? ✔Correct Answer-1.
A producer's full name and phone number must be included on advertisement
2. The insurance company must submit a letter of compliance to the Kansas Insurance
Department, stating that they agree to comply with Kansas laws.
3. Advertisements must be approved by company before use
What is Rebating/Inducement? ✔Correct Answer-Giving anything of value to customer to get
them to buy something from you (ex: giving $5 to sign up for life insurance)
What is defamation?(Unfair Trade Practices Act) ✔Correct Answer-Making slanderous,
derogatory, or maliciously critical statements to injure a person or company's reputation
What is Coercion or Intimidation? (Unfair Trade Practices Act) ✔Correct Answer-Forcibly
pressuring a customer to buy a product
(EX: a bank forcing a customer to buy insurance from them to qualify as a loan)
What is the Fair Credit Reporting Act? ✔Correct Answer-Designed to protect the consumer's
privacy and to guarantee that incorrect credit information is not being used in underwriting
What is insurance consulting? ✔Correct Answer-When acting as a consultant, producer must
have an agreement with client disclosing all fees
When can producers split commission? ✔Correct Answer-When both are licensed in the same
class of insurance
What must a company do with complaints? ✔Correct Answer-Keep a record of written
complaints by category on a calendar year basis
What does the Kansas Property & Casualty Guaranty Associate Act do? ✔Correct Answer-
Provides payment for covered claims under certain insurance policies in the event of insolvency
bankruptcy of an insurer. It is ILLEGAL for any producer to use the association in a sales
presentation and is a required membership
What are the limits of the Guaranty Association? ✔Correct Answer-$100 minimum claim
$100,000 maximum claim
Unlimited for Worker's Compensation claims only
What must the INSURED do in the claims process? ✔Correct Answer-Must give notice to the
INSURER as soon as possible. Has 60 days to complete the proof of loss after form is given by
INSURER
& 100% Verified Answers |Actual Complete Update |
Already Graded A+
What is a producer? ✔Correct Answer-An individual and/or entity authorized in writing
contracts of insurance
A person who resides in a particular state and transacts business in one state for a particular
company ✔Correct Answer-Resident Producer
What are the state Commissioner's responsibilities? ✔Correct Answer-To enforce insurance
code and administers/regulates existing laws that have already been passed by Kansas
Legislature
How often does the Commissioner do audits? ✔Correct Answer-At least once every 5 years;
can request anytime to determine solvency and their ability to pay claims
When will the producer be liable for charges/fees of a hearing? ✔Correct Answer-Only when
the producer is found guilty
Where can a producer appeal a commissioner's decision? ✔Correct Answer-In any court in
their county within 60 days
What is the Hearing Process? ✔Correct Answer-1. Notice of Hearing (15 days or within
reasonable time)
2. Hearing
3. Commissioner's decision
4. Penalties
What is a cease and desist order? ✔Correct Answer-orders a party to stop a certain practice
How often must you complete CE (continuing education)? ✔Correct Answer-Every 2 years
(biennium) before your birthday (based on your birth year).
EX: birthday is 1998, licensed in 2018, CE is due 2020, 2022, 2024, etc.
How many hours are required for CE? ✔Correct Answer-12 hours per license attained; at least
1 hour of ethics per 12 hours.
EX: Life & Health and Property & Casualty = 24 hours of CE, including 2 hours of ethics.
What is misrepresentation? (Unfair Trade Practices Act) ✔Correct Answer-When a producer
knowingly gives false information or untrue comparisons of any policy benefits/advantages
, How is False Advertisement prevented by the Unfair Trade Practices Act? ✔Correct Answer-1.
A producer's full name and phone number must be included on advertisement
2. The insurance company must submit a letter of compliance to the Kansas Insurance
Department, stating that they agree to comply with Kansas laws.
3. Advertisements must be approved by company before use
What is Rebating/Inducement? ✔Correct Answer-Giving anything of value to customer to get
them to buy something from you (ex: giving $5 to sign up for life insurance)
What is defamation?(Unfair Trade Practices Act) ✔Correct Answer-Making slanderous,
derogatory, or maliciously critical statements to injure a person or company's reputation
What is Coercion or Intimidation? (Unfair Trade Practices Act) ✔Correct Answer-Forcibly
pressuring a customer to buy a product
(EX: a bank forcing a customer to buy insurance from them to qualify as a loan)
What is the Fair Credit Reporting Act? ✔Correct Answer-Designed to protect the consumer's
privacy and to guarantee that incorrect credit information is not being used in underwriting
What is insurance consulting? ✔Correct Answer-When acting as a consultant, producer must
have an agreement with client disclosing all fees
When can producers split commission? ✔Correct Answer-When both are licensed in the same
class of insurance
What must a company do with complaints? ✔Correct Answer-Keep a record of written
complaints by category on a calendar year basis
What does the Kansas Property & Casualty Guaranty Associate Act do? ✔Correct Answer-
Provides payment for covered claims under certain insurance policies in the event of insolvency
bankruptcy of an insurer. It is ILLEGAL for any producer to use the association in a sales
presentation and is a required membership
What are the limits of the Guaranty Association? ✔Correct Answer-$100 minimum claim
$100,000 maximum claim
Unlimited for Worker's Compensation claims only
What must the INSURED do in the claims process? ✔Correct Answer-Must give notice to the
INSURER as soon as possible. Has 60 days to complete the proof of loss after form is given by
INSURER
