State Law Practice Questions Graded A+

State Law Practice Questions Graded A+ Which type of insurer is incorporated or organized under the laws of a country other than the United States? A. foreign B. domestic C. alien D. international - ANSC. alien Whom does an insurance producer represent when negotiating an insurance contract? A. policyholder B. insurer C. State of Oklahoma D. Broker - ANSB. insurer Which of the following is NOT a duty of the Insurance Commissioner? A. maintaining records B. issuing certificates of authority to transact insurance business in Oklahoma C. writing Oklahoma insurance laws D. conducting hearings - ANSC. writing Oklahoma insurance laws An insurer must appoint a producer withing how many days after accepting business from that producer? A. 5 B. 7 C. 15 D. 30 - ANSC. 15 The Commissioner must examine the affairs of all domestic insurance companies every A. year B. 3 years C. 5 years D. time there is a question regarding a company's financial condition - ANSB. 3 years An insurance company's license to do business in Oklahoma is called A. notice of risk assignment B. certificate of authority C. mutual benefit card D. license to solicit registration - ANSB. certificate of authority To be licensed, a producer must meet which of the following qualifications? A. 21 years old B. have been an Oklahoma resident for 1 year C. pass an examination D. have financial college degree - ANSC. pass an examination Which of the following jobs does NOT require a certificate of authority or li