MO Review

Question 1

If a Producer fails to comply with a subpoena issued by the Director, the Director may revoke or suspend the license and take further legal action in the office of the:

Select one:

a.
Attorney General

b.
Missouri Supreme Court

c.
Governor

d.
County Circuit Court

Answer 1

County circuit court

Question 2

Making false statements about the financial condition of an insurer is called:

Select one:

a.
boycotting.

b.
defamation.

Answer 2

Defamation

Question 3

The Director may issue temporary licenses for:

Select one:

a.
30 days.

b.
60 days.

c.
90 days.

d.
120 days.

Answer 3

90 days

Question 4

A Producer may legally obtain a loan from a client if:

Select one:

a.
the client is in the business of providing loans.

b.
the Producer has written consent from the Director to allow the loan.

Answer 4

The client is in the business of providing loans

Question 5

FAIR Plan coverage is provided on the basis of:

Select one:

a.
Special form.

b.
Broad form.

c.
Replacement Cost.

d.
Basic form.

Answer 5

Basic form

Question 6

If a business entity terminates a Producer, the Director of Insurance must be notified within:

Select one:

a.
10 days

b.
20 days

c.
30 days

d.
60 days

Answer 6

20 days

Question 7

Property covered under the FAIR Plan is insured on what basis?

Select one:

a.
Replacement Cost

b.
Actual Cash Value (ACV)

Answer 7

Actual Cash Value (ACV)

Question 8

Every auto liability policy in Missouri is required to include:

Select one:

a.
Both Liability and Underinsured Motorist

b.
Both Liability and Uninsured Motorist

c.
Liability only

d.
Liability, Uninsured Motorist, and Underinsured Motorist

Answer 8

Both liability and uninsured motorist

Question 9

Inland Marine Insurance may cover each of the following EXCEPT:

Select one:

a.
aircraft.

b.
wharves.

c.
piers.

d.
warehouses.

Answer 9

Warehouses

Question 10

A producer may receive a commission from:

Select one:

a.
an unlicensed person.

b.
another licensed producer having the same type of license.

Answer 10

Another licensed producer, having the same type of license

Question 11

An insurance producer’s license is required for each of the following EXCEPT:

Select one:

a.
receive and record information from a policyholder to give to a Producer for review.

b.
sign an application or an order for insurance on behalf of an applicant.

c.
disseminate information regarding insurance rates.

d.
advise a prospective purchaser on the terms of existing coverage.

Answer 11

Receive and record information from a policyholder to give to a producer for review

Question 12

If a business is formed as a limited liability partnership, which of the following may request an exclusion from work comp coverage?

Select one:

a.
employees only

b.
members only

c.
neither employees nor members

d.
employees and members

Answer 12

Members only

Question 13

The Director may suspend or revoke a Producer license for each of the following EXCEPT:

Select one:

a.
contributing money to a political organization

b.
having been convicted of a felony

c.
using fraudulent information while conducting insurance business

d.
failing to comply with an administrative court order

Answer 13

Contributing money to a political organization

Question 14

Under the Missouri Automobile Insurance Plan (MAIP), the actual insurance policy is issued by:

Select one:

a.
private insurance companies.

b.
the Department of Motor Vehicles.

c.
the Department of Insurance.

d.
the federal government.

Answer 14

Private insurance companies

Question 15

Under Missouri law, a new or replacement vehicle is automatically covered for a “grace period” of:

Select one:

a.
only 14 days

b.
only 21 days

c.
only 30 days

d.
only 60 days

Answer 15

Only 30 days

Question 16

A worker is disabled and misses 5 days of work. The worker is entitled to disability compensation:

Select one:

a.
from the time of the injury

b.
after the first day

c.
after the 3rd day

d.
after the 4th day

Answer 16

After the 3rd day

Question 17

A person is entitled to a public hearing before the Director on an issue involving a cease and desist order if a request in writing is made within:

Select one:

a.
10 days.

b.
15 days.

c.
30 days.

d.
45 days.

Answer 17

15 days

Question 18

Each of the following business entities may obtain a Producer’s license EXCEPT:

Select one:

a.
limited liability partnership.

b.
partnership.

c.
sole proprietorship.

d.
corporation.

Answer 18

Sole proprietorship

Question 19

All premiums received by a Producer must be kept in:

Select one:

a.
the office checking account.

b.
a premium trust account.

Answer 19

A premium trust account

Question 20

The Director may grant a waiver from the Continuing Education requirement for the following EXCEPT:

Select one:

a.
serious physical injury.

b.
the producer met more than the mandatory hours in the prior two year period.

c.
licensee is at least 70 years old.

d.
active duty in the armed services.

Answer 20

The producer met more than the mandatory hours in the prior two year period

Question 21

The purpose of the joint underwriting association is to provide medical malpractice insurance for:

Select one:

a.
all medical professional in Missouri

b.
medical professionals who have been unable to obtain insurance in the voluntary market

c.
nurses but physicians

d.
physicians but not nurses

Answer 21

Medical professionals, who have been unable to obtain insurance in the voluntary market

Question 22

If an Insured inquires about submitting claim, the Insurer must do each of the following within 10 days EXCEPT:

Select one:

a.
provide assistance and claims forms

b.
respond to all communications

c.
acknowledge receipt of a claim filed

d.
pay the claim

Answer 22

Pay the claim

Question 23

The purpose of the Missouri FAIR Plan is to:

Select one:

a.
provide property insurance to persons unable to obtain insurance.

b.
prevent insurance rate discrimination based on race or color.

c.
guarantee that insurance advertising fairly represents the actual policies to be sold.

d.
provide a source of liability insurance for all applicants.

Answer 23

Provide property insurance to persons unable to obtain insurance

Question 24

Which of the following correctly states the amount of required auto property damage liability coverage under Missouri’s Financial Responsibility Requirements?

Select one:

a.
$10,000

b.
$20,000

c.
$25,000

d.
$50,000

Answer 24

$25,000

Question 25

If a worker dies due to a work-related injury, survivor benefits must be paid to a surviving spouse for:

Select one:

a.
1 year

b.
2 years

c.
3 years

d.
5 years

Answer 25

2 years

Question 26

FAIR Plan coverage for theft is:

Select one:

a.
provided only as an optional coverage.

b.
provided only with residential properties but not with commercial.

Answer 26

Provided only as an optional coverage

Question 27

When cancelling a “certified” policy covered by a SR-22 filing, the Insurer must notify the Director of Revenue with advance notice of a SR-26 filing within:

Select one:

a.
7 days

b.
10 days

c.
20 days

d.
30 days

Answer 27

10 days

Question 28

A single limit policy must provide at least how much auto liability coverage?

Select one:

a.
$50,000

b.
$60,000

c.
$75,000

d.
$100,000

Answer 28

$75,000

Question 29

Which of the following cannot be a reason for denying coverage?

Select one:

a.
The applicant has been denied coverage by another insurer.

b.
The applicant is financially unable to pay premiums.

c.
The applicant has lied on the application form.

d.
The applicant has had an unusually large number of claims filed.

Answer 29

The applicant has been denied coverage by another insurer

Question 30

After a policy has been terminated, the Producer or Insurer must keep the policy records for:

Select one:

a.
1 year.

b.
3 years.

c.
4 years.

d.
6 years.

Answer 30

3 years

Question 31

If the Director revokes a producer’s license, the producer may appeal the decision within:

Select one:

a.
15 days.

b.
30 days.

c.
45 days.

d.
60 days.

Answer 31

30 days

Question 32

Every producer must complete Continuing Education Courses every:

Select one:

a.
2 years.

b.
3 years.

c.
4 years.

d.
5 years.

Answer 32

2 years

Question 33

A producer may split commissions with:

Select one:

a.
any producer licensed with the same line of insurance.

b.
any Insurance Producer in Missouri.

Answer 33

Any producer licensed with the same line of insurance

Question 34

In the area of auto insurance, the residual market is intended to provide insurance for the:

Select one:

a.
worst drivers

b.
best drivers

Answer 34

Worst drivers

Question 35

The children of a deceased worker apply for work comp survivor benefits. It the worker was killed due to a work related injury, work comp will pay the children:

Select one:

a.
until they reach age 15

b.
nothing

c.
until they graduate from college

d.
until they reach adulthood

Answer 35

Until they reach adulthood

Question 36

If a cash premium is paid to the Producer, the Producer must:

Select one:

a.
give a written receipt signed by the producer and give the receipt to the client.

b.
get written approval from the Insurer before depositing cash.

Answer 36

Give a written receipt, signed by the producer and give the receipt to the client

Question 37

Workers’ Compensation coverage for limited liability companies:

Select one:

a.
must cover both employees and members

b.
must cover members unless the members individually reject the coverage in writing

c.
must cover employees unless the employees individually reject the coverage in writing

d.
none of the above

Answer 37

Must cover members unless the members individually reject the coverage in writing

Question 38

To be exempted from the licensing examination, a producer in another state moving to Missouri must make application with the Commission within:

Select one:

a.
45 days.

b.
60 days.

c.
90 days.

d.
120 days.

Answer 38

90 days

Question 39

A producer must notify the Director of any felony prosecution within:

Select one:

a.
15 days.

b.
30 days.

c.
60 days.

d.
100 days.

Answer 39

30 days

Question 40

Auto policies issued in Missouri (except those issued under the MAIP program) must have a minimal duration of:

Select one:

a.
1 month

b.
3 months

c.
6 months

d.
12 months

Answer 40

3 months

Question 41

The Director has the authority to do the following EXCEPT:

Select one:

a.
subpoena documents in any investigation related to the insurance industry.

b.
interpret insurance laws.

c.
examine insurers to determine solvency.

d.
regulate insurance profits.

Answer 41

Regulate insurance profits

Question 42

The Director must approve or reject an Insurer’s form or rate filing within:

Select one:

a.
20 days.

b.
21 days.

c.
30 days.

d.
60 days.

Answer 42

60 days

Question 43

The Guaranty Fund provides coverage for unpaid health insurance claims up to:

Select one:

a.
$45,000

b.
$100,000

c.
$200,000

d.
$300,000

Answer 43

$100,000

Question 44

If an insurer denies coverage, it must notify the prospective insured within:

Select one:

a.
20 days.

b.
30 days.

c.
31 days.

d.
45 days.

Answer 44

30 days

Question 45

The Director may grant an extension of time to complete all Continuing Education courses, this time can not exceed:

Select one:

a.
6 months.

b.
12 months.

c.
16 months.

d.
24 months.

Answer 45

12 months

Question 46

A property or casualty policy claim is covered under Missouri’s Property and Casualty Guaranty Fund up to how much?

Select one:

a.
$100,000

b.
$200,000

c.
$300,000

d.
$500,000

Answer 46

$300,000

Question 47

All Continuing Education courses must cover:

Select one:

a.
1 hour of Missouri law.

b.
2 hours of Missouri law.

c.
3 hours of Missouri law.

d.
4 hours of Missouri law.

Answer 47

3 hours of Missouri law

Question 48

A retail store must have work comp if it has a minimum of how many workers?

Select one:

a.
1

b.
3

c.
5

d.
7

Answer 48

5

Question 49

Which of the following can never be an underwriting factor in Missouri?

Select one:

a.
race

b.
age of the applicant

c.
applicant’s gender

d.
geographical location of the risk

Answer 49

Race

Question 50

Insurers must keep records of all policies for:

Select one:

a.
2 years.

b.
3 years.

c.
4 years.

d.
5 years.

Answer 50

2 years

Question 51

The Director may issue a fine for each unintentional violation up to:

Select one:

a.
$500.

b.
$750.

c.
$1,000.

d.
$1,500.

Answer 51

$1,000

Question 52

A Producer with a Property and Casualty license must complete:

Select one:

a.
10 hours of Continuing Education every two years.

b.
24 hours of Continuing Education every two years.

c.
16 hours of Continuing Education every two years.

d.
21 hours of Continuing Education every two years.

Answer 52

16 hours of continuing education, every two years

Question 53

Any company or individual being examined must provide any records requested by an examiner within:

Select one:

a.
5 days.

b.
10 days.

c.
15 days.

d.
25 days.

Answer 53

10 days

Question 54

If licensee is both a Producer and financial planner the licensee must disclose:

Select one:

a.
that he or she is also an insurance salesperson.

b.
prior financial related job experience.

Answer 54

That he or she is also an insurance sales person

Question 55

The requirement for obtaining a Missouri Producer license is:

Select one:

a.
age 18 plus two years of insurance related college training

b.
age 18 plus at least 6 months experience in an insurance related position

c.
age 18 plus a high school degree

d.
age 18

Answer 55

Age 18

Question 56

The minimum age of maturity under the Defensive Driver Law is:

Select one:

a.
50

b.
55

c.
60

d.
65

Answer 56

55

Question 57

If the Director fails to act on an application within 25 days, the application:

Select one:

a.
will be voided

b.
will be deemed approved unless the applicant has indicated a felony conviction or crime involving moral turpitude

c.
will be deemed approved

d.
will be deemed invalid

Answer 57

Will be deemed approved, unless the applicant has indicated a felony conviction or crime involving moral turpitude

Question 58

FAIR Plan policies:

Select one:

a.
are issued on a Replacement Cost basis.

b.
cover both residential property and residential liability issues.

c.
cover residential property only.

d.
are issued by the Plan rather than by private insurers.

Answer 58

Are issued by the plan rather than by private insurers

Question 59

A producer’s appointment letter may be revoked by the:

Select one:

a.
Director of Insurance.

b.
Insurer.

Answer 59

Insurer

Question 60

Paying a person an inducement to purchase insurance is called:

Select one:

a.
coercion.

b.
rebating.

Answer 60

Rebating

Question 61

The Director of Insurance is:

Select one:

a.
appointed by the Governor.

b.
elected.

Answer 61

Appointed by the governor

Question 62

The purpose of a SR-26 filing is to:

Select one:

a.
Notify the lender when a homeowner policy has been cancelled.

b.
Notify the Department of Revenue that a driver’s license has been cancelled.

c.
Notify the Department of Revenue that an auto policy has been issued.

d.
Notify the Department of Revenue that an auto policy has been cancelled.

Answer 62

Notify the department of revenue that an auto policy has been cancelled

Question 63

Making a false statement under oath in any Insurance Director investigation:

Select one:

a.
is not a violation

b.
is a level 3 violation which allows the Director to impose a civil order to pay $10,000 per violation

c.
is a class E felony for which the offender’s license or certificate of authority will be revoked

d.
is a misdemeanor

Answer 63

Is a class E felony for which the offenders license or certificate of authority will be revoked

Question 64

A producer’s license may be revoked by the:

Select one:

a.
Director of Insurance.

b.
Insurer.

Answer 64

Director of insurance

Question 65

A producer must pay a renewal fee every:

Select one:

a.
2 years.

b.
3 years.

c.
4 years.

d.
5 years.

Answer 65

2 years

Question 66

It is legal for a Producer to charge a fee to a client only if:

Select one:

a.
the Producer has the charge approved by the Insurer.

b.
the Producer and client have a written agreement specifying the details of the extra charge.

Answer 66

The producer and client have a written agreement, specifying the details of the extra charge

Question 67

A temporary license can be issued to the following:

Select one:

a.
a member or employee of a business entity licensed as an insurance producer.

b.
anyone in the state of Missouri.

Answer 67

A member or employee of a business entity licensed as an insurance producer

Question 68

FAIR Plan policies are always issued for a duration of:

Select one:

a.
1 year.

b.
2 years.

c.
3 years.

d.
5 years.

Answer 68

1 year

Question 69

A producer must inform the Director of a change of address within:

Select one:

a.
30 days.

b.
60 days.

c.
90 days.

d.
120 days.

Answer 69

30 days

Question 70

The Director’s records of disciplinary action against a Producer must be expunged after_____ years if the action resulted in a penalty of $200 or less and placed no other legal duty upon the Producer.

Select one:

a.
3

b.
4

c.
5

d.
6

Answer 70

5

Question 71

Offering stock as an incentive to purchase insurance is an illegal marketing practice known as:

Select one:

a.
defamation.

b.
rebating.

Answer 71

Rebating

Question 72

A nonresident producer may receive a nonresident producer license without taking the an exam if:

Select one:

a.
the persons home state will reciprocate by giving nonresident producer licenses to Missouri Producers.

b.
the nonresident has been employed in Missouri for at least 6 months.

Answer 72

The person’s home state will reciprocate by giving nonresident producer licenses to Missouri producers

Question 73

A binder has terminated because the applicant has chosen another Insurer. The Producer must charge a binder premium if the pro rata amount of the premium exceeds:

Select one:

a.
$5

b.
$10

c.
$15

d.
$20

Answer 73

$20

Question 74

The Director of Insurance may:

Select one:

a.
be a policyholder.

b.
regulate insurance company profits.

c.
start an insurance company.

d.
seize trust account funds.

Answer 74

Be a policyholder

Question 75

After appointing a Producer, the appointment must be registered in the Insurer’s register of appointed Producer’s within:

Select one:

a.
30 days.

b.
60 days.

c.
90 days.

d.
120 days.

Answer 75

30 days

Question 76

A Missouri Producer cannot use a binder to provide:

Select one:

a.
a rate advantage over competitors.

b.
temporary coverage.

Answer 76

A rate advantage over competitors

Question 77

After an auto policy has been in effect for 60 days, it may be cancelled for which of the following reasons?

Select one:

a.
5 or more at fault accidents

b.
suspension of the insured’s driver’s license

c.
misrepresentation on the application

d.
claims filed

Answer 77

Suspension of the insurance drivers license

Question 78

The Guaranty Fund provides coverage for the death benefit under a life insurance policy up to:

Select one:

a.
$100,000

b.
$200,000

c.
$250,000

d.
$300,000

Answer 78

$300,000

Question 79

A temporary license can be issued to the following:

Select one:

a.
Anyone in the state of Missouri.

b.
Surviving spouse.

Answer 79

Surviving spouse

Question 80

Under Missouri law, the amount of the work comp burial benefit is:

Select one:

a.
$5,000

b.
$6,000

c.
$7,000

d.
$10,000

Answer 80

$5,000

Question 81

Which of the following are required to be covered by work comp?

Select one:

a.
domestic servants

b.
restaurants

c.
real estate agents

d.
farm workers

Answer 81

Restaurants

Question 82

Which of the following properties is eligible for coverage under the Missouri FAIR Plan?

Select one:

a.
a 4-family apartment building.

b.
a vacant duplex apartment building.

c.
farm crops and livestock.

d.
manufacturing buildings if less than 50 persons are employed on-site.

Answer 82

A 4-family apartment building

Question 83

The purpose of a “SR-22 filing” is to:

Select one:

a.
Notify the Department of Revenue that an auto policy has been cancelled.

b.
Notify the lender when a homeowner policy has been cancelled.

c.
Notify the Department of Revenue that a driver’s license has been cancelled.

d.
Notify the Department of Revenue that an auto policy has been issued.

Answer 83

Notify the department of revenue that an auto policy has been issued

Question 84

Insurers must keep all claims records for:

Select one:

a.
1 years.

b.
2 years.

c.
3 years.

d.
4 years.

Answer 84

3 years

Question 85

Workers Compensation will cover which of the following?

Select one:

a.
an auto accident while driving to work in a worker-owned vehicle

b.
an accidental injury that occurs at work

c.
an auto accident while driving to work in a company-owned vehicle

d.
a worker who dies of a heart attack while on the job

Answer 85

An accidental injury that occurs at work

Question 86

A homeowner cancellation notice must state each of the following EXCEPT:

Select one:

a.
the Insured may be eligible for coverage under the Missouri FAIR Plan.

b.
the Insurer is required to recommend at least 2 other insurers willing to provide the coverage.

c.
the actual reasons for the cancellation.

Answer 86

The insurer is required to recommend at least two other insurers, willing to provide the coverage

Question 87

A producer with who is licensed to sell life, health, accident, property and casualty must complete:

Select one:

a.
10 hours of Continuing Education every two years.

b.
16 hours of Continuing Education every two years.

c.
21 hours of Continuing Education every two years.

d.
24 hours of Continuing Education every two years.

Answer 87

16 hours of continuing education every two years

Question 88

Surplus lines brokers:

Select one:

a.
represent the insurer.

b.
don’t represent any particular insurance company.

Answer 88

Don’t represent any particular insurance company

Question 89

The Director may issue a fine for each intentional violation up to:

Select one:

a.
$25,000.

b.
$30,000.

c.
$45,000.

d.
$50,000.

Answer 89

$25,000

Question 90

An insurance company’s web site must contain each of the following EXCEPT:

Select one:

a.
a list of all licensed producers

b.
telephone number

c.
a list of all states where the company is authorized

d.
address

Answer 90

A list of all licensed producers

Question 91

Q ordered a new car with an option but factory installed computerized video and audio system. The system was damaged in a vehicular accident. The Insurer:

Select one:

a.
may exclude the system if it isn’t standard equipment in most vehicles.

b.
must cover the system under the policy’s physical damage coverage.

Answer 91

Must cover the system under the policies physical damage coverage

Question 92

Properties insured under the Missouri FAIR Plan must be reinspected every:

Select one:

a.
2 years

b.
3 years

c.
4 years

d.
5 years

Answer 92

5 years

Question 93

A surplus lines broker may split a commission with any:

Select one:

a.
life and health producer.

b.
property and casualty producer.

Answer 93

Property and casualty producer

Question 94

Terry is an insurance producer. She has received an application for coverage on a single-family home. Her client has submitted an application with a premium. Which of the following is correct?

Select one:

a.
The property is automatically covered while the application is being processed.

b.
Terry has authority to issue a binder to provide temporary coverage.

Answer 94

Terry has authority to issue a binder to provide temporary coverage

Question 95

The Director may issue cease and desist orders:

Select one:

a.
only given approval by judicial order.

b.
when any insurance company or producer violates insurance laws.

Answer 95

When any insurance company or producer violates insurance laws

Question 96

A construction industry employer must have work comp if it has a minimum of how many workers?

Select one:

a.
1

b.
3

c.
5

d.
7

Answer 96

1

Question 97

The Guaranty Association:

Select one:

a.
protects Producers if an Insured is unable to pay premiums.

b.
protects Insureds if an insurance company is insolvent.

Answer 97

Protects insurance, if an insurance company is insolvent

Question 98

All premiums received by a Producer must be kept in:

Select one:

a.
a trust account.

b.
the producer’s personal checking account.

Answer 98

A trust account

Question 99

A Producer’s license lasts:

Select one:

a.
1 year.

b.
2 years.

c.
5 years.

d.
10 years.

Answer 99

2 years

Question 100

It is considered discriminatory to charge different rates based on:

Select one:

a.
chance of loss.

b.
marital status.

Answer 100

Marital status

Question 101

A car dealer may self-insure for its auto liability if it has more than how many vehicles?

Select one:

a.
5

b.
10

c.
15

d.
25

Answer 101

25

Question 102

Missouri requires each of the following to be provided with an auto insurance policy EXCEPT:

Select one:

a.
Bodily Injury liability of $50,000 per occurrence

b.
Bodily Injury liability of $25,000 per person

c.
Property Damage liability of $25,000 per occurrence

d.
Medical Expense of $2,000 per person

Answer 102

Medical expense of $2000 per person

Question 103

A Missouri property insurance company is considering membership in the FAIR Plan’s Joint Reinsurance Association. Which is true?

Select one:

a.
Membership is optional.

b.
Membership is required.

Answer 103

Membership is required

Question 104

Every auto liability policy in Missouri must also provide how much Uninsured Motorist Coverage?

Select one:

a.
None

b.
$25,000/$50,000/$20,000

c.
$75,000

d.
$25,000/$50,000

Answer 104

$25,000/$50,000

Question 105

The maximum length of time a binder will be effective under Missouri law is:

Select one:

a.
negotiable.

b.
30 days.

c.
60 days.

d.
90 days.

Answer 105

Negotiable

Question 106

A Missouri driver may comply with the financial responsibility laws by providing an auto liability surety bond in the amount of:

Select one:

a.
$60,000

b.
$70,000

c.
$75,000

d.
$85,000

Answer 106

$75,000

Question 107

If an Insurer terminates a Producer’s appointment, the Insurer must notify the Director and explain the termination within:

Select one:

a.
30 days.

b.
31 days.

c.
45 days.

d.
60 days.

Answer 107

30 days

Question 108

Which is true regarding the 1943 New York Standard Fire Policy?

Select one:

a.
if it is used in Missouri, it cannot be modified from its original policy form.

b.
it sets the minimum standard for Missouri fire policies.

c.
it is only permissible to use if the Insurer is a resident of New York.

d.
it is no longer permitted in Missouri.

Answer 108

It says the minimum standard for Missouri fire policies

Question 109

An Insurer must obtain the following from the Director before transacting insurance business:

Select one:

a.
Certificate of Authority.

b.
Producer license.

Answer 109

Certificate of authority

Question 110

An application for FAIR Plan coverage:

Select one:

a.
may be made either by the property owner or any licensed producer.

b.
may only be made by the owner.

Answer 110

May be made either by the property owner or any licensed producer

Question 111

Which of the following is most likely to be allowed as an underwriting factor if the actuaries can show that it is justified?

Select one:

a.
Color

b.
Race

c.
National origin

d.
Sex

Answer 111

Sex

Question 112

A Producer’s license must contain the following except:

Select one:

a.
Producer’s name, address, and identification number.

b.
past insurance experience.

c.
date of issuance.

d.
lines of authority.

Answer 112

Past insurance experience

Question 113

An pre-paid application has been submitted to the FAIR Plan but no response has been received within 20 days. The property will automatically be insured under which provision?

Select one:

a.
Automatic

b.
Deemer

Answer 113

Deemer

Question 114

A home covered under the FAIR Plan is insured for which of the following perils?

Select one:

a.
volcanic eruption

b.
weight of snow and ice

c.
liability

d.
broken water pipes

Answer 114

Volcanic eruption

Question 115

To show continued eligibility under the Mature Defensive Driver Law, one must repeat the approved highway traffic safety course every:

Select one:

a.
12 months

b.
18 months

c.
24 months

d.
36 months

Answer 115

24 months

Question 116

The Missouri FAIR Plan has authority to:

Select one:

a.
issue assessments against property insurance companies.

b.
suspend a producer’s license.

Answer 116

Issue assessments against property, insurance companies

Question 117

A Missouri certificate of auto self-insurance may be obtained from the:

Select one:

a.
Commissioner of Insurance

b.
Governor

c.
Director of Revenue

d.
Secretary of State

Answer 117

Director of revenue

Question 118

Although most auto policies have a minimal duration of 3 months, auto policies issued under Missouri’s MAIP program must have a minimal duration of:

Select one:

a.
1 month

b.
4 months

c.
6 months

d.
12 months

Answer 118

12 months

Question 119

Transaction records maintained by either the Producer or Insurer must include the following EXCEPT:

Select one:

a.
the address of the Insurer’s office.

b.
any premium receipts.

c.
written correspondence concerning the policy.

d.
any policy claim documents.

Answer 119

The address of the insurer’s office

Question 120

The Director must give how many days notice of hearings regarding rule changes:

Select one:

a.
5 days.

b.
15 days.

c.
45 days.

d.
60 days.

Answer 120

15 days