What type of license is issued to a producer who resides in a particular state or has a principal place of business in that state?

Regulación de Seguros

Quiz
•
Business
•
Professional Development
•
Hard
Sherriffa Mohamed
Used 1+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Resident producer license
Non-resident producer license
Insurance broker license
Insurance agent license
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long does the non-resident producer license last?
180 days
90 days
2 years
1 year
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What requirements must a non-resident applicant meet to obtain approval as a surplus lines broker?
Complete a pre-licensing education program
Pay a standard fee
Have at least two years of professional experience working on behalf of a property and casualty insurer
Take a written exam
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How long does an insurance producer's license last?
4 years
3 years
1 year
2 years
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should applicants indicate in the application for an insurance producer license if they have a license in another state?
That they are applying for a license for the first time
That they have a license in another state
Nothing
That they do not have a license in another state
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What should applicants do if their insurance producer license is suspended, revoked, or denied renewal?
Appeal the decision
Notify in writing
Do nothing
Pay a fine
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How many hours does the approved course that applicants must complete to obtain the insurance producer license last?
16 hours
24 hours
32 hours
40 hours
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