Licensing

Question 1

How long can a Commissioner issue a TEMPORARY PRODUCER license to a surviving spouse, business partner or employee if any one of these persons die, become disabled or called to active military service? [ hint…how many days are in 6 months]

Answer 1

6 months (180 days)

Question 2

How many days must an insurer file a notice of a PRODUCER APPOINTMENT within the agency contract date or insurance application? [Whats half of a month?]

Answer 2

15 days

Question 3

How soon must a Commissioner be notified of TERMINATION OF PRODUCER APPOINTMENT if the reason is for the producer’s license to be taken away or suspended? [ whats another term for 1 month?]

Answer 3

30 days

Question 4

What is the minimum age to obtain a PRODUCERS LICENSE (insurance agent license)?

Answer 4

Age 18

Question 5

How many hours are required for PRODUCER CONTINUING EDUCATION (CE) once every 2 years a.k.a. (biennially)? [ How many hours in a day]

Answer 5

24 hours ( 1day)

Question 6

How many hours to study PRODUCER CONTINUING EDUCATION ETHICS? [ hint whats 180 minutes? ]

Answer 6

3 hours

Question 7

How many hours to study PRODUCER CONTINUING EDUCATION LEGISLATIVE UPDATES? [ whats 120 minutes?]

Answer 7

2 hours

Question 8

How many hours to study EARTHQUAKE CONTINUOUS EDUCATION (CE) for property license?
[ whats just 60 minutes?]

Answer 8

1 hour

Question 9

How many hours to study CUSTOMER SERVICE REP for CONTINUOUS EDUCATION (CE)once every two years ? (Biennially) [Hint..whats roughly half a day?]

Answer 9

13 hours (roughly half a day)

Question 10

How many hours to study CUSTOMER SERVICE REP ethics? [ whats another term for 180 minutes?]

Answer 10

3 hours

Question 11

How many hours to study CUSTOMER SERVICE REP LEGISLATIVE UPDATES? [ what’s another term for 120 minutes?]

Answer 11

2 hours

Question 12

How many hours to study CUSTOMER SERVICE REP EARTHQUAKE (CE) for property license? […hint…what’s another word for 60 minutes?]

Answer 12

1 hour

Question 13

How many months does a producer (insurance agent) RENEW THEIR LICENSE?

Answer 13

24 months (2 years)

Question 14

How soon should you report a CHANGE OF LEGAL NAME, ADDRESS, OR EMAIL ADDRESS?

Answer 14

30 days ( 1 month)

Question 15

What is the MINIMUM FINE for each INSURANCE VIOLATION?

Answer 15

$100

Question 16

What is the MAXIMUM FINE for each INSURANCE VIOLATION? [500+500]

Answer 16

$1,000

Question 17

How long should insurance records be kept at least ? [ whats another term for 96 months? ]

Answer 17

3 years

Question 18

How much should PRIZES or MERCHANDISE not exceed? [ hint 50+50 ]

Answer 18

$100

Question 19

What percent of the total commission of all business done may not exceed in CONTROLLED BUSINESS ,written by the applicant or licensees during the same period? [ how much is a quarter of something?]

Answer 19

25%

Question 20

What is the AGE of A MINOR that is deemed competent to take out life or disability insurance on themselves?

Answer 20

Age 15

Question 21

What is the MINIMUM civil penalty for each violation of the UNFAIR CLAIMS SETTLEMENT PRACTICES ACT?

Answer 21

$100

Question 22

What is the MAXIMUM civil penalty for each violation of the UNFAIR CLAIMS SETTLEMENT PRACTICES ACT?

Answer 22

$5,000