Which of the following is an example of misrepresentation?

Showing dividends for a nonparticipating company

All of the following are requirements for maintaining a producer license EXCEPT

Retake the state licensing examination

Which of these would NOT be grounds for nonrenewal or revocation of an agent’s license?

Failing to sell enough policies

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Ch. 7 - Regulations (LA)

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Questions 12

Answers

1
A false statement intended to injure a person engaged in the insurance business is
False advertising
Discrimination
Misrepresentation
Defamation
2
Insurance that covers the producer or the producer’s immediate family or employer is called
Controlled business
Insurance fraud
Coercion
False financial statement
3
A person is required to be licensed to do which of the following?
Perform executive duties for the insurer
Do all of the above
Create insurance advertisements
Receive commissions
4
How often must insurers consult the National Do Not Call Registry?
Once every 6 months
Every 31 days
Every time they are placing a telemarketing call
Once a year
5
How many hours of continuing education must a producer in LA complete every 2 years?
40
16
10
24
6
Agents who give special favors or advantages not specified in the policy are guilty of
Misrepresentation
Defamation
Rebating
Twisting
7
What type of license should an out-of-state producer get to do business in this state?
Temporary
Surplus lines
Limited
Nonresident
8
Which of the following is an example of misrepresentation?
Explaining the terms of the policy
Showing projections of cash value
Showing an accurate reflection of policy comparisons
Showing dividends for a nonparticipating company
9
Who must file a notice of agent appointment with the Department?
The insurer
The Governor
The agent
The Commissioner
10
All of the following are requirements for maintaining a producer license EXCEPT
Keep name and address current with the Commissioner
Complete the continuing education requirement
Retake the state licensing examination
Pay the renewal fees
11
All of the following are requirements for an individual to be licensed EXCEPT
Provide a financial statement
Pay the licensing fees
Have no convictions subject to license denial
Reside in this state
12
Which of these would NOT be grounds for nonrenewal or revocation of an agent’s license?
Failing to sell enough policies
Misrepresenting policy terms to policyowners
Failing to complete a continuing education requirement
Felony convictions

Ch. 7 - Regulations (LA) Flashcards | StudBud

Ch. 7 - Regulations (LA)

12 termsStudBud Administration1,908 plays

PFSU

Flashcards12 cardsFPractice quizPHost liveL

Questions 12

Answers

1
A false statement intended to injure a person engaged in the insurance business is
False advertising
Discrimination
Misrepresentation
Defamation
2
Insurance that covers the producer or the producer’s immediate family or employer is called
Controlled business
Insurance fraud
Coercion
False financial statement
3
A person is required to be licensed to do which of the following?
Perform executive duties for the insurer
Do all of the above
Create insurance advertisements
Receive commissions
4
How often must insurers consult the National Do Not Call Registry?
Once every 6 months
Every 31 days
Every time they are placing a telemarketing call
Once a year
5
How many hours of continuing education must a producer in LA complete every 2 years?
40
16
10
24
6
Agents who give special favors or advantages not specified in the policy are guilty of
Misrepresentation
Defamation
Rebating
Twisting
7
What type of license should an out-of-state producer get to do business in this state?
Temporary
Surplus lines
Limited
Nonresident
8
Which of the following is an example of misrepresentation?
Explaining the terms of the policy
Showing projections of cash value
Showing an accurate reflection of policy comparisons
Showing dividends for a nonparticipating company
9
Who must file a notice of agent appointment with the Department?
The insurer
The Governor
The agent
The Commissioner
10
All of the following are requirements for maintaining a producer license EXCEPT
Keep name and address current with the Commissioner
Complete the continuing education requirement
Retake the state licensing examination
Pay the renewal fees
11
All of the following are requirements for an individual to be licensed EXCEPT
Provide a financial statement
Pay the licensing fees
Have no convictions subject to license denial
Reside in this state
12
Which of these would NOT be grounds for nonrenewal or revocation of an agent’s license?
Failing to sell enough policies
Misrepresenting policy terms to policyowners
Failing to complete a continuing education requirement
Felony convictions