Kentucky Property and Casualty
State Laws Exam Questions with
Answers
A licensed agent must report any disciplinary action by the insurance action
by the insurance regulatory agency of any other state or territory of the
United States to the Commissioner within ______ days. - -30
- The Commissioner _________ and __________ the duties imposed by the
Insurance Code. - -Enforces and Executes
- An insurance producer may not act as an agent of an insurer unless the
producer become an appointed agent of the insurer.
True or False - -True
- A licensee must submit proof of compliance with the continuing education
requirements to the Commissioner with _____ days after the continuing
education biennial compliance date. - -60
- A temporary license can be issued to the ______-______ __________
___________ of the estate of a deceased agent to provide services to existing
policy holders. - -Court-Appointed Personal Representative
- A nonresident license may be issued to an individual who is licensed as an
agent in the agent's _______ of domicile. - -State
- Failing to affirm or deny coverage on a claim within a reasonable time after
receiving a proof of loss is not an unfair claims settlement practice.
True or False - -False
- An applicant for a resident producer license who was previously licensed in
another state of insurance an applies within 60 days from the date of
termination of the previous license is exempt from the licensing examination.
True or False - -False
- To qualify for renewal of a resident license, each licensee must complete a
minimum of ____ credit hours of continuing education biennially. - -24
- When an agent returns a portion of his/her commission to an insured, it is
an example of ___________. - -Rebating
State Laws Exam Questions with
Answers
A licensed agent must report any disciplinary action by the insurance action
by the insurance regulatory agency of any other state or territory of the
United States to the Commissioner within ______ days. - -30
- The Commissioner _________ and __________ the duties imposed by the
Insurance Code. - -Enforces and Executes
- An insurance producer may not act as an agent of an insurer unless the
producer become an appointed agent of the insurer.
True or False - -True
- A licensee must submit proof of compliance with the continuing education
requirements to the Commissioner with _____ days after the continuing
education biennial compliance date. - -60
- A temporary license can be issued to the ______-______ __________
___________ of the estate of a deceased agent to provide services to existing
policy holders. - -Court-Appointed Personal Representative
- A nonresident license may be issued to an individual who is licensed as an
agent in the agent's _______ of domicile. - -State
- Failing to affirm or deny coverage on a claim within a reasonable time after
receiving a proof of loss is not an unfair claims settlement practice.
True or False - -False
- An applicant for a resident producer license who was previously licensed in
another state of insurance an applies within 60 days from the date of
termination of the previous license is exempt from the licensing examination.
True or False - -False
- To qualify for renewal of a resident license, each licensee must complete a
minimum of ____ credit hours of continuing education biennially. - -24
- When an agent returns a portion of his/her commission to an insured, it is
an example of ___________. - -Rebating
