Insurance Ch. 8 (Retention & Ch. Exam Questions) with complete solutions

A person applying for a resident producer license must be at least how old? a. 18 b. 19 c. 20 d. 21 - ANSWER-A. A person applying for a resident producer license must be at least 18 years of age. A producer must be ____________ by an insurer in order to sell or negotiate insurance on the insurer's behalf, take an insurance application, advertise that they will receive or convey applications or policies, receive or deliver a policy, accept a premium, or transact insurance contracts, other than as an insured. a. Licensed b. Certified c. Appointed d. Licensed and appointed - ANSWER-D. A producer must be licensed and appointed by the insurer for which the insurance transaction was performed. The Director may issue a temporary license for up to ___ days without examination under certain circumstance, if in the public interest. a. 180 b. 90 c. 60 d. 30 - ANSWER-A. The Director may issue a temporary license for up to 180 days without examination under certain circumstance, if in the public interest.