SCRIPT 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◍ The commissioner must examine an insurer at least once every __ year(s).
Answer: 5 years
◍ The Insurance Commissioner must examine an insurer at least once every?.
Answer: 5 years
◍ How many days in advance must a notice of a hearing on unfair trade
practices be sent?.
Answer: 15 days
◍ The fine PER violation for UNKNOWINGLY committing an unfair or
deceptive act in the business of insurance is:.
Answer: $1,000
◍ The fine PER violation for KNOWINGLY committing an unfair or
deceptive act in the business of insurance is:.
Answer: $5,000
◍ The MAX fine for UNKNOWINGLY committing an unfair or deceptive act
in the business of insurance is:.
Answer: $10,000
◍ Advance notice of a hearing must be at least __ days.
Answer: 15 days
◍ Per violation fine for unknowingly committing an unfair act.
Answer: $1,000
◍ Maximum fine for unknowingly committing unfair act.
Answer: $10,000
,◍ The MAX fine for KNOWNINGLY committing an unfair or deceptive act
in the business of insurance is:.
Answer: $50,000
◍ Per violation fine for knowingly committing an unfair act.
Answer: $5,000
◍ What is the max fine when violating a cease and desist order?.
Answer: $10,000
◍ The MIN fine per violation of the Insurance Code is:.
Answer: $100
◍ Maximum fine for knowingly committing unfair act.
Answer: $50,000
◍ The MAX fine per violation of the Insurance Code is:.
Answer: $10,000
◍ How much of a penalty must an insurance producer pay to reinstate an
expired license?.
Answer: Double the renewal fee
◍ Maximum fine for violating a cease and desist order (each violation).
Answer: $10,000
◍ Minimum fine per violation for insurance code violation penalty.
Answer: $100
◍ Maximum fine per violation for insurance code violation penalty.
Answer: $10,000
◍ Imprisonment for up to __ years for insurance code violation.
Answer: 1 year
◍ Temp producer licenses may be issued, without examination, for up to how
many days?.
Answer: 180 days
, ◍ Within how many days does a producer have to report any criminal
prosecutions, or civil or administrative, actions taken against them?.
Answer: 30 days
◍ Violators must pay fines within __ days for insurance code violation.
Answer: 10 days
◍ Applicants must be at least __ years old.
Answer: 18 years
◍ The total Continuing Education hours required for each two-year licensing
period is?.
Answer: 24 hours
◍ How many hours in ethics and insurance laws and regulations are required
in Continuing Education?.
Answer: 3 hours
◍ Name or address change must be reported to the Commissioner within __
days.
Answer: 30 days
◍ Producers must maintain transaction records for __ years.
Answer: 5 years
◍ Violation of Insurance Code is punishable by up to how long in prison?.
Answer: 1 year
◍ Producer's license may be reinstated within __ months from due date with
payment of a penalty of double the unpaid license fee.
Answer: 12 months
◍ Temporary producer license may be issued (without examination) for up to
__ days.
Answer: 180 days
◍ How many days do violators of Insurance Code have to pay any fines
received?.
Answer: 10 days