PRIMERICA LICENSING QUESTIONS
WITH 100% CORRECT ANSWERS [
GRADED A+]
The commissioner is required to examine every domestic insurer and
every licensed rate service organization every _________ - ✔✔5 years
In addition to any other forfeiture imposed, any person who violates an
effective order may be required to pay ______________ - ✔✔twice the
amount of any profit gained from the violation
©morren2024/2025.Year published 2024.
,General duties and powers of the insurance commissioner: The
maximum penalty the may be assessed to a person for a willful
violation of the insurance code of this state is _________ - ✔✔10,000
Forcing a client to buy insurance from a particular lender as a condition
of granting a loan is defined as
Rebating
Misleading advertising
defamation
coercion - ✔✔Coercion
Which of the following statements is incorrect:
Misrepresenting the true nature or facts of a policy or its benefit in
order to induce a policy holder to surrender one policy and replace it
with another is illegal
©morren2024/2025.Year published 2024.
,It is illegal to be involved in any activity of boycott, coercion, or
intimidation that is intended to restrict fair trade or to create a
monopoly
discrimination in rates, premiums, policy befits, etc, for persons within
the same class or with the same life expectancy is illegal
replacing insurance policies for the purpose of making commissions is
legal - ✔✔replacing insurance policies for the purpose of making
commissions is legal
The commissioner issues an order without having conducted a hearing.
Within how many days of recieving the order can the person aggrieved
by the order request a trial?
©morren2024/2025.Year published 2024.
, 90
15
30
60 - ✔✔30
The commissioner is required to examine every domestic insurer and
every licensed rate service organization every
1 year
2 years
3 years
5 years - ✔✔5 years
©morren2024/2025.Year published 2024.
WITH 100% CORRECT ANSWERS [
GRADED A+]
The commissioner is required to examine every domestic insurer and
every licensed rate service organization every _________ - ✔✔5 years
In addition to any other forfeiture imposed, any person who violates an
effective order may be required to pay ______________ - ✔✔twice the
amount of any profit gained from the violation
©morren2024/2025.Year published 2024.
,General duties and powers of the insurance commissioner: The
maximum penalty the may be assessed to a person for a willful
violation of the insurance code of this state is _________ - ✔✔10,000
Forcing a client to buy insurance from a particular lender as a condition
of granting a loan is defined as
Rebating
Misleading advertising
defamation
coercion - ✔✔Coercion
Which of the following statements is incorrect:
Misrepresenting the true nature or facts of a policy or its benefit in
order to induce a policy holder to surrender one policy and replace it
with another is illegal
©morren2024/2025.Year published 2024.
,It is illegal to be involved in any activity of boycott, coercion, or
intimidation that is intended to restrict fair trade or to create a
monopoly
discrimination in rates, premiums, policy befits, etc, for persons within
the same class or with the same life expectancy is illegal
replacing insurance policies for the purpose of making commissions is
legal - ✔✔replacing insurance policies for the purpose of making
commissions is legal
The commissioner issues an order without having conducted a hearing.
Within how many days of recieving the order can the person aggrieved
by the order request a trial?
©morren2024/2025.Year published 2024.
, 90
15
30
60 - ✔✔30
The commissioner is required to examine every domestic insurer and
every licensed rate service organization every
1 year
2 years
3 years
5 years - ✔✔5 years
©morren2024/2025.Year published 2024.
