Answers with Solutions 2026 | 2027
An insurance company doing business in this state must operate
under:
A. an aavisory board
B. a resident board of directors
C. a certificate of authority
D. articles of incorporation filed with the Secretary of State -
ANSWER a certificate of authority
The Insurance Commissioner may revoke or suspend a
producer's license if the producer:
A is no longer producing a minimum amount of business
B has been indicted for a criminal offense
c. has used the license principally to solicit corporate insurance
, D. has forged another person's name on an insurance
application - ANSWER has forged another person's name on an
insurance application
All of the following elements must be included in a policy
summary given to a purchaser of life insurance EXCEPT the:
A names and addresses of each beneficiary
B full name and address of the insurance company
C generic names of the basic policy and each rider
D name and address of the insurance producer - ANSWER
names and addresses of each beneficiary
The Life Insurance and Annuity Replacement Rule is designed
for which of the following purposes?