Use LEFT and RIGHT arrow keys to navigate between flashcards;
Use UP and DOWN arrow keys to flip the card;
H to show hint;
A reads text to speech;
8 Cards in this Set
- Front
- Back
|
All Ohio insurance agents and business entities have to renew their license when? |
Every two years |
|
|
How many hours of coursework, either self study or classroom, must be completed to maintain an agent's license? |
24 hours |
|
|
Reason to have your license revoked or be suspended |
-Obtain license by making unture statements on the application for license -Violating any insurance laws -Being convicted of a felony -having license suspended or revoked in another state, not notifying superintendent of insurance in 30 days -forging another name on documents |
|
|
How long does a revocation of your license last? |
Its permanent |
|
|
How much is a civil penalty against a agent can be assess to by the superintendent? |
$25000 |
|
|
What is the McMarran Ferguson Act? |
States that insurance regulation is the state's responsibility, unless congress passes laws specifically mentioning insurance. |
|
|
Section 1033 of the McCarran Ferguson Act amended the Act to? |
Identify the crimes that prohibit a person from interstate commerce insurance business. |
|
|
What are the Do Not Call List Hours |
8 am to 9 pm |
