EVALUATION 2026 COMPLETE QUESTIONS
AND CORRECT ANSWERS
◉A licensee whose name or address changes must notify the
Commissioner within
10 days
15 days
30 days
45 days. Answer: 30 Days
◉The producer originating an insurance application
Usually has underwriting authority
May alter the application
Usually is the major personal contact with the insured
Can alter the terms of the agreement through verbal statements to
the applicant. Answer: Usually is the major personal contact with
the insured
◉To receive an insurance license an applicant must
Apply for the license after passing the appropriate examination
Provide three character references
, Execute an affidavit as to the applicant's integrity
Post a $25,000 bond to guarantee faithful performance. Answer:
Apply for the license after passing the appropriate examination
◉A cease and desist order issued against a producer
Suspends the producer's certificate or broker's license
Prevents the producer from receiving commissions
Prohibits a specific practice listed in the order
Terminates the producer's appointment with the insurer. Answer:
Prohibits a specific practice listed in the order
◉A producer's license in Pennsylvania must be renewed every:
Year
Two years
Three years
Four years. Answer: Two years.
◉No existing producer's license will be revoked until
The producer has been afforded a right to a hearing on the charges
At least three violations have been incurred
A cease and desist order has been issued