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31 Cards in this Set

  • Front
  • Back

EXAMINATION OF DOMESTIC INSURERS OTHER THAN PROPERTY AND CASUALTY (3 YEARS)

5 YEARS


NOTICE GIVEN FOR HEARING

10 DAYS


FOR APPLICANT OR LICENSEE TO DEMAND HEARING AFTER ACTION

10 DAYS



AGE TO APPLY FOR LICENSE

18



PRODUCER LICENSE IS VALID

2 YEARS


BEFORE LICENSE EXPIRATION, AGENT MUST FILE APPLICATION FOR RENEWAL

60 DAYS


LICENSE EXPIRES AFTER RENEWAL LICENSE IS DENIED

5 DAYS

LENGTH OF ONE TERM TEMPORARY LICENSE


90 DAYS


MAXIMUM LENGTH OF TEMPORARY LICENSE

15 MONTHS


FOR INSURER TO FILE AGENT'S APPOINTMENT WITH THE SUPERINTENDENT

15 DAYS

FOR INSURER TO NOTIFY THE SUPERINTENDENT OF TERMINATION OF PRODUCER'S APPOINTMENT

30 DAYS


SEND A NOTICE OF APPOINTMENT TERMINATION TO PRODUCER

15 DAYS


PRE LIC EDUCATION FOR LIFE ONLY OR ACCIDENT AND HEALTH ONLY AGENT OR BROKER

20 HOURS


PRE LIC EDUCATION FOR A LIFE, ACCIDENT, AND HEALTH AGET OR BROKER, PERSONAL LINES AGENT OR BROKER AND PUBLIC ADJUSTER

40 HOURS


PRE LIC EDUCATION FOR PROPERTY/CASUALTY AGENT OR BROKER

90 HOURS


CE REQUIRED EVERY 2 YEARS

15 HOURS



PROVIDE REQUESTED INFO TO THE SUPERINTENDENT

15 DAYS

TO INFORM SUPERINTENDENT ABOUT CHANGE OF ADDRESS


30 DAYS


TO NOTFY SUPERINTENDENT OF ADMIN ACTION AGAINST PRODUCER


30 DAYS


TO PAY PENALTY FOR LICENSING LAW VIOLATIONS WITHOUT FURTHER ACTION


20 DAYS


TO PAY PENALTY FOR VIOLATION PROVISIONS OF THE INSURANCE CODE


30 DAYS


TO REPORT ANY FRAUDULENT INSURANCE TRANSACTIONS TO THE SUPERINTENDENT


30 DAYS


KEEP RECORDS OF INSURANCE TRANSACTIONS


6 YEARS

MAXIMUM ALLOWED AMOUNT OF COMMISSIONS FROM CONTROLLED BUSINESS IN ONE YEAR


10%


PENALTY FOR EACH OFFENSE IN VIOLATION OF STATE INSURANCE LAWS


$500

MAXIMUM AGGREGATE PENALTY FOR ALL OFFENSE IN VIOLATION OF STATE INSURANCE LAWS


$2500

LATE FEE FOR LICENSE RENEWAL


$10

MAXIMUM VALUE OF ANY MERCHANDISE GIVEN BY AN INSURER, AGENT OR BROKER TO AVOID REBATING


$25

FINE PER DAY WITHOUT APPROPRIATE FRAUD PREVENTION PLAN


$2000

FINE FOR WILLFUL NONCOMPLIANCE WITH FAIR CREDIT REPORTING ACT


$2500

FINE FOR VIOLATION OF CEASE AND DESIST ORDER


$5000