STUDY GUIDE 2026 FULL QUESTIONS
AND SOLUTIONS GRADED A+
◍ 15 days.
Answer: Hearing of unfair trade practices
◍ $1,000.
Answer: Unfair trade practice per violation UNKNOWINGLY committed
◍ $10,000.
Answer: Unfair trade practice MAX FINE unknowingly committed
◍ $5,000.
Answer: Unfair trade practice Per violation KNOWINGLY committed
◍ $50,000.
Answer: Unfair trade practice MAXIMUM KNOWINGLY committed
◍ $10,000.
Answer: Unfair trade practice MAX for violating a cease and desist
◍ $100.
Answer: Insurance code violation Minimum fine per violation
◍ $10,000.
Answer: Insurance code violation MAXIMUM fine per violation
◍ 1 year.
Answer: Insurance code violation imprisonment up to
◍ 10 days.
Answer: Insurance code violators must pay fines with in
◍ 18 years old.
, Answer: Applicants must be at least
◍ 30 days.
Answer: Name or address change must be reported to the Commissioner
with in
◍ 5 years.
Answer: Producers ( sales agents) must maintain transaction records for
◍ 12 months.
Answer: producers license may be reinstated with in __________ from due
date with payment of a penalty of double the unpaid licence renewal fee
◍ 180 days.
Answer: Temporary producer license may be issued without exam for up to
◍ 30 days.
Answer: Producers must report with in _____________ days any criminal
prosecution, or civil administrative actions taken against the producer in any
jurisdiction
◍ 24 hours.
Answer: Continuing Education ( CE ) Total hours for each 2 year licensing
period
◍ 3 hours.
Answer: CE requires _________ hours in ethics and insurance law and
regulation
◍ 10 hours.
Answer: CE requires _________ hours relating to life and disability
◍ 11 hours.
Answer: CE requires ________ hours for property and casualty
◍ 4 years.
Answer: Licensees must maintain records for _______ years after course
completion.