Which of the following would NOT be considered a misrepresentation?

Showing conservative returns on policy illustrations

Which action is a NOT reason for nonrenewal or revocation of an agent’s license?

Failing to sell enough policies

Which of the following will NOT be considered unfair discrimination?

Providing different benefits based on habits or lifestyle

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Ch. 8 - Regulations (CT)

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Questions 10

Answers

1
What license is required for an out of state producer to sell insurance in Connecticut?
Surplus lines
Limited
Nonresident
Temporary
2
Which of the following would NOT be considered a misrepresentation?
Showing conservative returns on policy illustrations
Guaranteeing policy dividends
Exaggerating the benefits provided in the policy
Implying that a term policy has cash values
3
Agents making false statements related to interstate commerce may be imprisoned for
1 year
10 years
3 years
5 years
4
Insurance sold by agents to family members or business associates is considered
Limited lines
Unfair trade practice
Controlled business
Captive business
5
Which action is a NOT reason for nonrenewal or revocation of an agent’s license?
Failing to sell enough policies
Felony convictions
Failing to file continuing education report by the due date
Misrepresenting policy terms and features to policyowners
6
Which is NOT a requirement for obtaining a resident producer license?
Have no convictions subject to license denial
Submit a signed application and applicable fees
Provider proof of lawful presence
Provide a financial statement
7
The Department of Insurance is responsible for all of the following EXCEPT
Issuing Certificates of Authority
Issuing cease and desist orders
Enforcing the Insurance Code
Setting premium rates
8
A person is required to be licensed to do which of the following?
Perform executive duties for the insurer
Process insurance applications
Create insurance advertisements
Receive commissions
9
Which of the following will NOT be considered unfair discrimination?
Charging similar applicants different premium rates
Assigning risk classifications based on ethnicity
Providing different benefits based on habits or lifestyle
Cancelling individual coverage based on marital status
10
A producer in violation of the Insurance Code will most likely be issued a(n)
Cease and desist order
Arrest warrant
Fine for the violation
Written warning

Ch. 8 - Regulations (CT) Flashcards | StudBud