Agent producer - Study guides, Class notes & Summaries

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? - Direct response When a producer is soliciting a client to effect a contract of insurance, the producer is engaged in - transacting insurance Courses are approvedfor continu...

*A situation that arises during the sale of insurance coverage to a customer in which the producer's self interest interferes with their obligation to act in the best interests of the customer is called:* A. conflict of interest B. dispute resolution C. teachable moment D. NONE of the ABOVE - Answer-*A. conflict of interest* *Which of the following reasons is NOT a valid reason for replacing a customer's insurance coverage?* A. rate increase B. declining health status C. need for incr...

Arizona Life and Health Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: Which statement concerning the Entire Contact provision in an individual accident and health insurance policy is TRUE? Answer: The agent doesn't have the authority to change the policy or waive its provisions Q: Under the Fair Credit Reporting Act, which statement is true? Answer: The consumer who was investigated must be advised that credit, insurance...

Producer ️ licensed person who has the authority to sell, solicit, or negotiate insurance contracts Who has permission to cancel the license? ️ the commissioner Agent ️ person or corporation authorized to solicit insurance, collect premiums & transact insurance business on behalf of an insurance company Producer is appointed by who ️ appointed by the agent to represent the insurer & an insurer can cancel the appointment of agent DIFS ️ Dept of Insurance and Financial Services, ...

NJ Life Producer Exam Questions and Answers Graded A+ Under a Traditional IRA, interest earned is taxed upon distribution Which of these statements regarding the annuitants is CORRECT? The annuitant's life expectancy determines the annuity payment What will the beneficiary receive is annuitant dies during the accumulation period? The greater the accumulated cash value or the total premium paid Which of the following actions is REQUIRED by an agent who is replacing an existing l...

MD Accident, Health & Life Producer Questions and Answers 100% Solved An Alien Insurance company soliciting insurance in this state would accurately be described by which of the following? A. It must possess a Certificate of Authority from the NAIC, and it is organized under the laws of another country B. It must possess a Certificate of Authority from this state, and it is organized under the laws of another country C. It is organized under the laws of this state, and holds a Certificate of...

UNITED HEALTHCARE (UHC) – ETHICS AND COMPLIANCE LATEST 2023-2024 EXAM| ACTUAL QUESTIONS AND VERIFIED ANSWERS |A+ GRADE Q: Agent Jacob learns that Emily, the consumer with whom he is meeting, is the authorized legal representative for her father. What must Jacob explain to Emily when completing an Enrollment Application for her father? Answer: Jacob must explain that Emily will sign the Enrollment Application and must be able to provide documentation upon request by the Plan that indic...

MS Property & Casualty Questions and Answers Already Passed To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 24 hrs & 3 of those hours ethics To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 12 hrs A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the s...