Property and Casualty Illinois practice exam
Questions and Answers| UPDATED
The head of the Illinois Department of Insurance is the
Insurance Director
An Insurance Producer who violates a cease and desist order issued by the head
of the insurance department may have his license suspended or revoked and be
fined a maximum penalty of
$5,000
Which of the following is NOT included in the general powers of the insurance
director?
Developing and writing insurance education courses
What is the daily fine that may be assessed against a person who disobeys a
cease and desist order of the insurance director
$100
The director will conduct examinations of companies not less frequently than
every
5 years
, a licensed insurance producer, limited lines producer, or temporary insurance
producer who is convicted of a felony must report the conviction to the
insurance director within how many days of the judgments entry date
30
What is the minimum number of prelicensing study hours required for a
producer's license in casualty insurance
20 hours
An insurance producer must complete how many hours of continuing education
in each compliance period?
24 hours
The fine for engaging in unfair trade practice after being issued a cease and
desist order is
$1,000 per violation
The Illinois producer exam consists of two parts, which must be passed within
how many days of each other
90 days
A business entity acting as an insurance producer must obtain what kind of
license?
Insurance producer license
Questions and Answers| UPDATED
The head of the Illinois Department of Insurance is the
Insurance Director
An Insurance Producer who violates a cease and desist order issued by the head
of the insurance department may have his license suspended or revoked and be
fined a maximum penalty of
$5,000
Which of the following is NOT included in the general powers of the insurance
director?
Developing and writing insurance education courses
What is the daily fine that may be assessed against a person who disobeys a
cease and desist order of the insurance director
$100
The director will conduct examinations of companies not less frequently than
every
5 years
, a licensed insurance producer, limited lines producer, or temporary insurance
producer who is convicted of a felony must report the conviction to the
insurance director within how many days of the judgments entry date
30
What is the minimum number of prelicensing study hours required for a
producer's license in casualty insurance
20 hours
An insurance producer must complete how many hours of continuing education
in each compliance period?
24 hours
The fine for engaging in unfair trade practice after being issued a cease and
desist order is
$1,000 per violation
The Illinois producer exam consists of two parts, which must be passed within
how many days of each other
90 days
A business entity acting as an insurance producer must obtain what kind of
license?
Insurance producer license
