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Producer offering applicant
1 McCarran-Ferguson Act (PL 15) 2 something of value that is not
specified in the contract
3 Producer app denied 4 Branch/opening closing
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, Terms in this set (98)
McCarran-Ferguson Act (PL 15) Fed. government has the right to regulate
insurance if the state doesn't
Paul vs. VA insurance is NOT interstate, contract of
indemnity
US vs. SEUA insurance IS interstate commerce
Governing body policyholders Mutual
Branch/opening closing MAX 30 days
Representing the ins. company Insurance Agent
Collecting compensation Premiums
Represents insured Broker
Obtain NJ Nonresident License fill out app form, pay fees, # of current ins
license, NJ is the agent
Temp work authority 60 days
Business names Legal name + agency or brokerage
Insurance + agency or brokerage
NO similar name
Spouse for dying 180 days (can't exceed 6 MONTHS)