Nebraska Rules & Regulations Exam | latest 2023/24

Nebraska Rules & Regulations Exam | latest 2023/24 What is considered the purpose of the Guaranty Association? “Protect insureds from insolvent insurers” An insurance company that has qualified and received a Certificate of Authority from the Department of Insurance to sell insurance in this state is called a(n): “Authorized insurer” Replacing an insurance policy from one insurer to another based on misrepresentation is called: “Twisting” An insurance company that is owned and controlled by stockholders is what kind of company? “Stock insurance company” Making an oral or written statement that is intended to injure a person engaged in the insurance business is called “Defamation” Any inducement offered to the insured in the sale of insurance products that is not specified in the policy is called: "Rebating" Before a licensed is issued, a person must be how old? "18 years old" A person who is not a legal resident of this state may be licensed to act in this state