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80 Cards in this Set
- Front
- Back
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20 to 30 days |
DOI time for hearing after cease and desist order |
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$100/day up to $5,000 |
Producer fine for cease and desist violation |
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Producer fine per violation for refusal to obey unfair trade practice cease and desist order |
$1,000 |
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Insurer pays up to for violation of unfair claims practice |
$250,0000 |
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DOI must give at least ___ days notice before a hearing |
10 days |
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Insurer lead time to request hearing regarding examination report |
10 days |
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DOI must issue a written examination report within this period |
90 days |
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Producer lead time to request hearing regarding examination report |
14 days |
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Producer fine for failure to obey a written DOI order |
$5,000 |
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Applicant must pass both parts of license exam within this period of time |
90 days |
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Producer time to notify DOI of change of address or felony conviction |
30 days |
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Producer time to notify DOI of change of license status |
30 days |
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Length of temporary producer license |
90 days |
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Length of temporary non-producer license |
180 days |
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Producer who lapses license may renew in this period |
12 months |
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Limited lines producer license renews |
Annually |
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Producer time to request hearing |
30 days |
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Producer must be at least this age |
18 years old |
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Biennial resident producers license fee |
$180 |
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Temporary insurance producer license fee |
$50 |
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Biennial business entity registration |
$150 |
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Biennial business entity registration fee |
$150 |
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Annually for a limited lines producer license fee |
$50 |
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Application fee for written license exam |
$50 |
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Annual registration for an educational provider fee |
$1,000 |
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Biennial limited lines license |
$200 |
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Biennial limited lines license fee |
$200 |
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Biennial self-storage facility limited license fee |
$50 |
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Pre-licensing requirements must be completed within |
1 year |
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Hours per line of authority |
20 hours |
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Hours for a motor vehicle insurance license |
12.5 hours |
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Bond amount is greater of $_____ or %_____ |
$2,500 or 5% |
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Producer license renews on the last day of birth month every____years |
2 years |
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Producer must take____hours continuing education to renew license_____hours must be in ethics |
24 hours, 3 hours |
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DOI time frame for a hearing if a producer requests it regarding license suspension or revocation |
20 to 30 days |
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In addition to or instead of a license denial or suspension a person may be subject a civil penalty up to _____ per cause and _____ for all causes |
$10,000 and $100,000 |
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Total premiums on controlled business ____ the total premiums on all other business |
Exceed |
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Producer must forward funds to insurer within this period |
90 days |
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Producer time to hold customer funds before must be placed in premium trust account |
15 days |
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Misappropriation fiduciary funds up to $150 or less |
Class A Misdemeanor |
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Repeated occurrences of above |
Felony |
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Misappropriation fiduciary funds up to $150 or more |
Felony |
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Selling, soliciting, or negotiating insurance with a license |
Felony |
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Period after license revocation before producer may re-apply |
3 years |
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Insurer or producer must refund prorated compensation within____days |
30 days |
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Producer must keep record of service fees charged/received |
7 years |
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Insurer working days to provide claim forms to insured |
15 days |
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Insurer time to affirm or deny liability on claims and offer payment |
30 days |
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Insurer is required to explain delay if claim unresolved beyond this period |
45 days |
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Producer pays to country treasurer _____ for unfair practice of "twisting" |
$200-$10,000 |
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Life insurance death benefits |
$300,000 |
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Life insurance cash value |
$100,000 |
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Present value of annuity benefits |
$250,000 |
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Basic medical expense coverage or major medical coverage |
$500,000 |
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Disability benefits |
$300,000 |
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Long-term care insurance |
$300,000 |
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Free look for life and health insurance |
10 days |
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Free look for life insurance replacements |
20 days |
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Free look for long-term care insurance and Medicare supplements |
30 days |
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Grace period for individual life insurance |
30 days |
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Maximum allowable charge on overdue premiums |
6% |
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Length of time that if a life insurer has not paid the death benefit |
2 months |
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Terminally ill life expectancy to to qualify for accelerated benefits |
24 months or less |
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Period of time within receiving an app that the replacing insurer must notify any other existing insurer |
3 days |
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Length of time replacing insurer must keep copies of he above replacement notice records |
At least 3 years |
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Producer annuity training course |
4 hours |
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Viatical settlements producer required initial training course |
4 hours |
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Maximum preexisting condition exclusion period |
6 months |
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Insurer or producer fine per offense of Medicare supplement laws |
$500 to $5,000 |
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Insurer or producer penalties for selling unapproved Medicare supplement |
Up to $10,000, and Class 3 felony |
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Max suspension of Medicare supplement benefits due to Medicaid eligibility |
24 months |
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Minimum benefit period for LTC policies |
12 months |
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Maximum preexisting condition exclusion period |
6 months |
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Right to convert group LTC contract to individual contract without proof of insurability |
31 days |
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Minimum inflation protection percentage that an insurer must offer |
5% |
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Producer or insurer fine for knowingly violating advertising regulations |
$200-$10,000 |
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Maximum preexisting condition exclusion before effective date for A&H policy |
24 months |
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Number of eligible full-time employees for small group health plan |
2 to 50 employees |
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Period an insurer who withdraws from group market must wait before applying to reenter |
5 years |
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Max individual HMO deductible and copays per calendar year |
$3,000 |
