INSURANCE REGULATION-ND

The North Dakota Insurance Commissioner's term - Answer-4 Years Conduct an examination of the insurer licensed in this state not less frequently than once every __________ - Answer-5 Years To request a hearing -Any party aggrieved by the Commissioner's order may make a written application for the hearing -State the respects in which the party is aggrieved by the order -Also anyone who has been served a cease and desist order from the commissioner has an option to file for a hearing within 30 days - Answer-30 Days Time a hearing must be held following an application for a hearing - Answer-10 Days To apply for license to become an insurance agent in North Dakota - Answer-Age 18 For insurer to file notice of appointment of an insurance producer -From either the date the agency contract is signed or the first insurance application is submitted whichever is later - Answer-30 days-Appointment For the insurer to notify the commissioner of the termination of an appointment - Answer-30 days-Termination annual appointment renewal date - Answer-May 1st Duration of a temporary license - Answer-180 days To report a change of address - Answer-30 days-Change Continuing education compliance period -Must report continuing education every 2 years -3 hours must be ethics -About 12 credits a year - Answer-2 years CE required per compliance period - Answer-24 hours Required in ethics for CE - Answer-3 hours The license renewal fee - Answer-$25.00 Maximum fine for violation of insurance code -Being issued a Cease and Desist order - Answer-$10,000