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19 Cards in this Set
- Front
- Back
Insurance is regulated by |
State Government |
|
The purpose of the commissioner doing examinations |
Protect the public |
|
Who pays for examination done by the commissioner |
Insurer |
|
Insurers submit financial statements |
Annually |
|
When can a commissioner take away your license |
Only after a hearing |
|
Agents who sell variable contracts must be registered with |
FINRA Financial industry regulatory authority |
|
an agent represents |
The insurer |
|
A person who lives in one state but sells in another is |
Nonresident |
|
What does CE stand for |
Continued education |
|
You cannot act as an agent for a company until you have ______ with them |
Appointment |
|
Who pays an agents appointment fees |
Insurer |
|
When can you share a commission |
When you're both duly licensed |
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Your job handling premiums and submitting them to the insurer must be treated in a |
Fiduciary capacity |
|
What is cease and desist mean |
Stop doing what you're doing |
|
If you commit an Unfair Trade Practice you are guilty of a |
Misdemeanor |
|
Offering cash to get a client by a policy |
Rebating |
|
Selling more to family than to the public |
Controlled buisness |
|
Talking badly about the financial condition of another company |
Defamation |
|
charging people in the same class different premiums |
Unfair discrimination |