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10 Cards in this Set
- Front
- Back
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A temporary license is normally valid for
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A. 1 year
B. 6 months C. 90 days D. 30 days |
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A life agent's license must be renewed
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A. Every year on January 1
B. Every year on the anniversary date of issuance C. Every 2 years on the anniversary date of issuance D. Only when the agent has not been active |
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In an insurance transaction, which of the following does a licensed agent represent?
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A. Insurer
B. Insured C. Insurance Department D. Commissioner |
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An agent who offers a cash reward to a prospect for buying a policy is guilty of
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A. Misrepresentation
B. Twisting C. Rebating D. Coercion and intimidation |
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An agent who deliberately makes a malicious statement about another insurance company is guilty of an illegal trade practice called
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A. Discrimination
B. Defamation C. Misrepresentation D. False advertising |
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Who is considered a nonresident agent?
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A. An agent who is not a U.S. citizen
B. An agent whose license has been revoked C. An agent who does not earn commission in Texas D. An agent who resides in another state, but is licensed to write insurance in Texas |
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The Commissioner of Insurance issues a Cease and Desist Order and immediately receives a request for the charges to be reviewed in a hearing. Within what number of days must the hearing be held?
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A. 3 days
B. 10 days C. 14 days D. 30 days |
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All of the following would be considered an insurance transaction EXCEPT
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A. Soliciting a policy
B. Advising a policyowner regarding a claim C. Negotiating coverage D. Obtaining an insurance license |
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An insurance company that is formed under the laws of another state is known as which type of insurer?
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A. Foreign
B. Domestic C. Alien D. Nonadmitted |
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Which of the following persosn is required to hold a producer license?
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A. A person who creates insurance advertisements
B. A person who administers employee benefits C. A person who negotiates insurance contracts D. A person who takes messages related to claims |
