Insurance Exam: Life (Iowa Laws, Rules, and Regulations Commonly To ALL Lines) Rated A+

Insurance Exam: Life (Iowa Laws, Rules, and Regulations Commonly To ALL Lines) Rated A+ which individual would be required to be licensed as an insurance producer? A) a salaried full time employee who counsels the employer on the employers insurance interests B) a person employed by the insurer to inspect and rate risks C) a salaried employee who advertises and solicits insurance D) an assistant who secures and furnishes information for group insurance a salaried employee who advertises and solicits insurance a temporary producers license may be used for which of the following? A) completing the affairs of an insurance producer B) continuing a producers business C) transacting new business D) all of the above completing the affairs of an insurance producer an insurance company has published a brochure that inaccurately portrays the advantages of a particular insurance policy. what is this an example of? A) twisting B) defamation C) false advertising D) unfair claims false advertising a banker is ready to close on a customer's loan. the bank is prepared to offer the loan but only if the customer purchases a life insurance policy from the bank in the amount of the loan. this is an example of A) defamation B) twisting C) coercion D) loading coercion it is suspected that a producer is consistently violating insurance laws. which of the following entities is responsible for making sure that the producer stops committing these violations? A) the state insurance board B) commissioner C) NAIC D) federal insurance regulation bureau commissioner what is the maximum aggregate civil penalty that may be imposed by the commissioner for violations of laws of fair trade practices? A) $2,000 B) $5,000 C) $10,000 D) $12,000 $10,000 When doing business in this state, an insurance company that is formed under the laws of another state is known as which type of insurer? A) alien B) nonadmitted C) foreign D) domestic foreign the commissioner is appointed by which of the following authorities? A) federal association of insurers B) iowa guaranty association C) governor D) state insurance board governor the commissioner regulates insurance rates through detailed rate reviews. the commissioner will prohibit insurance rates that are A) excessive B) inadequate C) unfairly discriminatory D) any of the above any of the above