Primerica: Insurance Regulation
An agent offers a client free tickets to a sporting event in trade for the purchase of an coverage
coverage. What is the agent guilty of? - ANS-Rebating
For what cause can a brief license be issued? - ANS-For continuation of business in case the
certified producer dies or becomes disabled
If a producer makes maliciously critical statements approximately any other insurer, what's this
unlawful practice referred to as? - ANS-Defamation
If an insurer holds a Certificate of Authority, it's far called what form of insurer? -
ANS-Authorized or admitted
If an insurer meets the kingdom's monetary requirements and is permitted to transact enterprise
in the state, it is considered what type of insurer? - ANS-Authorized or admitted
If the Commissioner/Superintendent unearths a licensee accomplishing an unfair technique of
opposition or an unfair practice, what order could be issued? - ANS-Cease and desist order
In trendy, who may be excluded from manufacturer licensing and exam necessities? -
ANS-Insurance agency officers, directors, or any other personnel who do not transact coverage
and who do no longer get hold of commissions for his or her offerings (commonly, their
obligations include administrative, government or clerical).
On its advertisement, a enterprise claims that it has finances in its ownership which are, in
reality, no longer available for the price of losses or claims. What is the company responsible of?
- ANS-Misrepresentation
To whom may additionally a certificates of authority be issued? - ANS-To an insurer legal to
transact commercial enterprise in this kingdom
Two people who are within the identical hazard and age class are charged different quotes for
his or her coverage guidelines because of a trifling factor. What is that this referred to as? -
ANS-Discrimination
What are manufacturers required to do if you want to renew their license? - ANS-Complete
persevering with education hours and pay a renewal rate
What are the most common penalties for violations of coverage statutes? - ANS-A give up and
desist order, a high-quality, and license suspension or revocation
An agent offers a client free tickets to a sporting event in trade for the purchase of an coverage
coverage. What is the agent guilty of? - ANS-Rebating
For what cause can a brief license be issued? - ANS-For continuation of business in case the
certified producer dies or becomes disabled
If a producer makes maliciously critical statements approximately any other insurer, what's this
unlawful practice referred to as? - ANS-Defamation
If an insurer holds a Certificate of Authority, it's far called what form of insurer? -
ANS-Authorized or admitted
If an insurer meets the kingdom's monetary requirements and is permitted to transact enterprise
in the state, it is considered what type of insurer? - ANS-Authorized or admitted
If the Commissioner/Superintendent unearths a licensee accomplishing an unfair technique of
opposition or an unfair practice, what order could be issued? - ANS-Cease and desist order
In trendy, who may be excluded from manufacturer licensing and exam necessities? -
ANS-Insurance agency officers, directors, or any other personnel who do not transact coverage
and who do no longer get hold of commissions for his or her offerings (commonly, their
obligations include administrative, government or clerical).
On its advertisement, a enterprise claims that it has finances in its ownership which are, in
reality, no longer available for the price of losses or claims. What is the company responsible of?
- ANS-Misrepresentation
To whom may additionally a certificates of authority be issued? - ANS-To an insurer legal to
transact commercial enterprise in this kingdom
Two people who are within the identical hazard and age class are charged different quotes for
his or her coverage guidelines because of a trifling factor. What is that this referred to as? -
ANS-Discrimination
What are manufacturers required to do if you want to renew their license? - ANS-Complete
persevering with education hours and pay a renewal rate
What are the most common penalties for violations of coverage statutes? - ANS-A give up and
desist order, a high-quality, and license suspension or revocation
