Ucan Pass Incorrect Questions
Which of the following is NOT an allowable reason for policy cancellation prior to its
expiration date? - answerany misrepresentation by the insured
What is effect of negotiations for a contract? - answerthe time when a statement made
by an insured can affect the insurer's obligations
Which of the following is consideration on the part of an insurer? - answerpaying a claim
which type pf authority is found in the agent's contract? - answerexpress
if the commissioner disapproves a form used by an insured, the use of the form must be
discontinued within the maximum of how many days? - answer90 days
all of the following are true regarding a producer's fiduciary responsibilities except -
answerproducers may commingle personal funds with company funds
an insurer has received some information regarding a newly issued policy that provides
sufficient grounds for policy rescission. What should the insurer do? - answernotify the
insured within 60 days of acquiring that information
insurers cannot transact insurance in this state without a - answercertificate of authority
Which of the following would be considered an example of incorporation by reference in
insurance contracts? - answera rate amendment is later made part of the original policy
how often is the commissioner required to examine domestic insurers - answerevery 5
years
the commissioner revokes an intermediary's license because the agent ignored an order
of restraint. How much time must pass before the intermediary can reapply for a license
- answer5 years
a producer born in 1973 received a license in 2014. When will the producer's license
need to be renewed? - answer2016
an insurer must notify the consumer in writing that an investigative consumer report has
been requested, within how many days of the initial request? - answer3 days
an agent who knowingly misrepresents material information for the purpose of inducing
an insured to lapse, forfeit, change, or surrender a life insurance policy or annuity has
committed an illegal practice known as - answertwisting
Which of the following is NOT an allowable reason for policy cancellation prior to its
expiration date? - answerany misrepresentation by the insured
What is effect of negotiations for a contract? - answerthe time when a statement made
by an insured can affect the insurer's obligations
Which of the following is consideration on the part of an insurer? - answerpaying a claim
which type pf authority is found in the agent's contract? - answerexpress
if the commissioner disapproves a form used by an insured, the use of the form must be
discontinued within the maximum of how many days? - answer90 days
all of the following are true regarding a producer's fiduciary responsibilities except -
answerproducers may commingle personal funds with company funds
an insurer has received some information regarding a newly issued policy that provides
sufficient grounds for policy rescission. What should the insurer do? - answernotify the
insured within 60 days of acquiring that information
insurers cannot transact insurance in this state without a - answercertificate of authority
Which of the following would be considered an example of incorporation by reference in
insurance contracts? - answera rate amendment is later made part of the original policy
how often is the commissioner required to examine domestic insurers - answerevery 5
years
the commissioner revokes an intermediary's license because the agent ignored an order
of restraint. How much time must pass before the intermediary can reapply for a license
- answer5 years
a producer born in 1973 received a license in 2014. When will the producer's license
need to be renewed? - answer2016
an insurer must notify the consumer in writing that an investigative consumer report has
been requested, within how many days of the initial request? - answer3 days
an agent who knowingly misrepresents material information for the purpose of inducing
an insured to lapse, forfeit, change, or surrender a life insurance policy or annuity has
committed an illegal practice known as - answertwisting
