XCEL Chapter 11-chapter exam questions with correct answers

Maria the insurance producer completes a sale by collecting the required signatures on the application and obtaining the initial premium. Afterwards, she deposited the check into a personal checking account. Maria committed what crime? CORRECT ANS Fraud Making a statement that is false and maliciously critical of the financial condition of the insurer is known as CORRECT ANS Defamation Which of the following statements is true about an insurer's right to screen applicants for HIV? CORRECT ANS An insurer can require a blood test for HIV What information is found in a life insurance buyers guide CORRECT ANS How to compare life insurance policy rates, how to compare life insurance policy requirements, how to determine how much life insurance to purchase. The commissioner MUST give a MINIMUM of how many days' notice of a disciplinary hearing? CORRECT ANS 10 days An insurer may pay a commission in which of the following scenarios? CORRECT ANS To a licensed producer who is appointed with the insurer Which of the following is permitted in an advertisement for an insurance policy? CORRECT ANS The insurer's name A foreign insurance company is defined as one that is? CORRECT ANS Formed under the laws of a state other than Arkansas An example of replacement is CORRECT ANS Canceli