Tennessee Laws and Rules Chapter Exam with Complete Solutions

Tennessee Laws and Rules Chapter Exam with Complete Solutions In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency 3 Days Which of the following is an example of defamation? Circulating brochures that falsely denounce the finically condition of an insurer J applies for an insurance policy. What BEST describes the particular terms of this policy? Policy Summary B is an insurance producer who occasionally engages in financial planning. If B sells an insurance policy during the course of a financial planning seminar, B must disclose to the client That a commission will be earned in addition to any fee charged for financial planning Which of these is NOT a legitimate insurance marketing practice for obtaining business from a competitor? Reducing commissions in order to make a sale An agent needs to complete_________ of continuing education every ________ years. 24;2 Which of the following is NOT a requirement to sell, solicit, or negotiate Long-term Care insurance? Complete a one-time 4 hour course on estate planning XYZ Corp was issued a group Accident and Health policy for its employees. Under this plan a Policy must be issued to XYZ, and a certificate must be issued to each employee If a producer commits an act of coercion or intimidation, how would the producer's insurance company be held responsible for this act? If the insurer approves of the act A producer MUST leave a buyer's guide with an applicant for which type of policy? Universal Life insurance All of these are considered a producer's breach of fiduciary duty EXCEPT Allowing premiums to be submitted electronically Who determines the education credits needed for a producer's continuing education? Commissioner of Commerce and Insurance A producer may apply for one or more of the following licenses: all of the above Insurance contracts may be sold, solicited, or negotiated by an insurace producer ONLY upon Becoming an appointed producer of an insurer The Tennessee Insurance Guaranty Association Protects Tennessee insurance policyowners in the event an insurance company becomes insolvent Which of these is a valid Tennessee regulation for referral fees? The Commisioner may establish by rule of maximum amount for each referral The Commissioner would like to hold a hearing against a producer. Before the hearing is held, a notice Must be sent by registered or certified