©THESTAR EXAM SOLUTIONS 2024/2025
ALL RIGHTS RESERVED.
Laws, and Rules Pertinent to insurance
Exam Questions And Answers Updated
2024/2025
Office of Insurance Regulation - answer✔regulates insurers to ensure they do business viable
within a state.
Unauthorized Entities - answer✔- Those insurers who are nonadmitted, meaning they have not
been approved or authorized to sell insurance in the state.
The state's reasons for concerns:
Potential for criminal activity within the insurance business.
Adverse economic impact on authorized insurers.
Potential for unpaid claims due to dishonesty
Marketing Practices - answer✔- Agents are to supply a life insurance or health insurance buyers
guide and a policy summary upon request, or before the initial premium is accepted. They
should be familiar with all state insurance including
Notice of replacement
Free look
Buyer's Guide
1|Page
ALL RIGHTS RESERVED.
Laws, and Rules Pertinent to insurance
Exam Questions And Answers Updated
2024/2025
Office of Insurance Regulation - answer✔regulates insurers to ensure they do business viable
within a state.
Unauthorized Entities - answer✔- Those insurers who are nonadmitted, meaning they have not
been approved or authorized to sell insurance in the state.
The state's reasons for concerns:
Potential for criminal activity within the insurance business.
Adverse economic impact on authorized insurers.
Potential for unpaid claims due to dishonesty
Marketing Practices - answer✔- Agents are to supply a life insurance or health insurance buyers
guide and a policy summary upon request, or before the initial premium is accepted. They
should be familiar with all state insurance including
Notice of replacement
Free look
Buyer's Guide
1|Page
