A nonresident licensee Study guides, Class notes & Summaries

What is the consequence for an intermediary's failure to pay his/her biennial license fee? Intermediary is incarcerated by the Insurance Commissioner. Intermediary's license is suspended for 180 days. Intermediary's license is revoked. Intermediary's commission rate is reduced. - ANSWER-Intermediary's license is revoked. Which of these situations would NOT potentially involve a prison sentence under Federal law? Selling insurance with a nonresident license. Misappropriating ins...

In Illinois, the real estate license law is administered by the...? - IDFPR (Bureau of Real Estate Professions) How are the nine members of the Real Estate Administration and Disciplinary Board Selected? - By the governor What is the name given to the Illinois license laws under which brokers and salespeople practice? - Real Estate License Act of 2000 After May 1, 2011, the new license categories are: - Managing Broker and Broker After April 30, 2012, as an alternative to passing the...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this s...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| ANSWERS GRADED A Process 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this s...

Indiana State Life and Health Insurance Exam Guaranteed Success How many days is a temporary producers license valid? 30 60 90 180 ️180 In Indiana, the maximum fine the the commissioner can impose on a producer or company who violates a cease and desist order is___per violation? $10,000 $15,000 $20,000 $25,000 ️$25,000 Which of these is an example of twisting? A producer maliciously aligns another insurance company's financial status A producer misrepresents a po...

CT Specific Property & Casualty Questions and Answers Part one 100% pass | graded A+ Types of Licenses - Resident Producer, Certified Insurance Consultants, Nonresident Producer Reciprocity - Commissioner shall waive any prelicensing requirements for a nonresident is: 1.) The individual already has a valid producer's license from that person's home state, 2.) Their home state awards nonresident licenses to CT residents under the same basis and requirements of this state. Temporary Produ...

A real estate principal broker must maintain a copy of closing statements: - b. for three years following the year in which closing occurred An earnest money deposit received by a sales agent should be turned over to the: - c. the sales agent's principle broker Which of the following would be required to have a real estate principal broker present? - a. An auctioneer auctioning real estate A real estate principal broker is prohibited from purchasing real estate on his own behalf by - a. ...

CT Life & Health Insurance Exam 2024 (XCEL SOLUTIONS & PROMETRIC) Questions and Answers (100%Correct). Laura added a children's rider to her life insurance policy. What type of coverage was added? - ANSWER Level term With life insurance, the needs approach is used primarily in determining - ANSWER How much life insurance a client should apply for A(n) __________ is a licensee who charges a fee for contracted insurance advisory services. - ANSWER Consultant Jonas is covered with disabilit...

Tennessee Real Estate License Law Questions and Answers Graded A+ Never When is it legal for the commission to set real estate commisions? An unlicensed person who receives payment for performing an activity requiring licensure is liable for Up to three times the amount of the payment received. How is the Real Estate Recovery Fund funded? By fees paid by applicants for license and license renewal. What is the dollar limit of the additional license renewal fee that goes toward the ...

A salesperson must ahve how many years' experience to become a broker? - Correct Answer ️️ -c. 3 years A real estate salesperson must be affiliated with - Correct Answer ️️ -c. a broker-in- charge Real estate license terms are - Correct Answer ️️ -b. 2 years which of the following is NOT a license status? - Correct Answer ️️ -a. conditional which of the following parties is exempt from obtaining a real estate license? - Correct Answer ️️ -b. an attorney representing a...