Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
Who appoints the Insurance Commissioner - correct answer ✅the Govenor
Insurance Commissioner Duties / Powers - correct answer ✅-Runs the
department
-Investigates people/companies regarding the Al. Insurance laws
-Investigates violations of insurance laws
-Enforce insurance laws with appropriate actions
-Set new rules and regulations
-Examines documents of Producers and Insurance companies
-Within 30 days, hold hearings for any aggrieved party who requests them
following an action by the commissioner
To obtain an Alabama Producer's license you must be at least - correct answer
✅18 years old
The concept of due process involves which of the following elements? - correct
answer ✅Notice and Hearing
If the Alabama Department of Insurance believes you are in violation of the
insurance statutes and you file a written demand for a hearing, how soon does the
Commissioner have to hold the hearing? - correct answer ✅10 days
The prelicensing education requirement for Life AND Health license is what? -
correct answer ✅40 hours
A change in your legal address requires that you notify the Commisioner within
how many days? - correct answer ✅30
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
,Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
How many hours of insurance continuing education must you complete every
license period? - correct answer ✅24
How many hours of continuing education can you carry over from one 2-year
compliance period to the next? - correct answer ✅None / 0
As a licensed Producer, you must keep records of all insurance transactions for at
least how many years? - correct answer ✅3
A temporary Producer license may be issued for up to how many months? -
correct answer ✅6 months
Unless revoked, your Producer's license will remain in effect for how long? -
correct answer ✅As long as you meet the con-ed requirements and pay the fees
Lying to replace is considered to be what? - correct answer ✅Twisting
Offering to give your client half of your commission in order to motivate him to
buy from you is considered to be what? - correct answer ✅Rebatin
For just cause, the Commissioner can extend the time you have to complete your
continuing education requirements by how many days? - correct answer ✅90
days
An Adjuster must be at least how old to obtain a license? - correct answer ✅19
years old
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
,Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
Unless suspended or revoked, an Adjuster's License remains in effect for how
long? - correct answer ✅Two years
A Surplus Line Producer places coverage with an unauthorized insurer. The
Producer must file an affidavit with the state within how many days? - correct
answer ✅30 days of the effective date of coverage
A Surplus Line Producer must post a bond in the amount of... - correct answer
✅$50,000
The purpose of the Insurance Guaranty Association is to... - correct answer
✅protect policyowners if an insurance company becomes insolvent.
The maximum liability of the Insurance Guaranty Association on any one claim is...
- correct answer ✅$150,000
Death benefits could be paid under Workers Compensation for a maximum of how
many weeks? - correct answer ✅500 Weeks
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
, Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
Under Workers Compensation an injured employee who loses sight in both eyes
would most likely be classified as... - correct answer ✅Permanently totally
disabled
An injured employee who is considered Temporarily Partially Disabled could
receive some income for how many weeks? - correct answer ✅300 Weeks
What qualifies for Fortified designation? - correct answer ✅Must be single
family
Detached structure
Built on a permanent foundation
*townhomes, duplexes, and other multiunit buildings will not qualify.
Discounts allowed for Fortified Home certifications last for how many years -
correct answer ✅5 years
Silver and Gold Fortified Home certifications are designed to address what? -
correct answer ✅Hurricane and high wind standards
A vehicle owner could prove legally acceptable financial responsibility by
purchasing auto Liability insurance the amount of: - correct answer
✅$75,000/occurrence
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
Latest 2023 (131 pages) Q & As
Who appoints the Insurance Commissioner - correct answer ✅the Govenor
Insurance Commissioner Duties / Powers - correct answer ✅-Runs the
department
-Investigates people/companies regarding the Al. Insurance laws
-Investigates violations of insurance laws
-Enforce insurance laws with appropriate actions
-Set new rules and regulations
-Examines documents of Producers and Insurance companies
-Within 30 days, hold hearings for any aggrieved party who requests them
following an action by the commissioner
To obtain an Alabama Producer's license you must be at least - correct answer
✅18 years old
The concept of due process involves which of the following elements? - correct
answer ✅Notice and Hearing
If the Alabama Department of Insurance believes you are in violation of the
insurance statutes and you file a written demand for a hearing, how soon does the
Commissioner have to hold the hearing? - correct answer ✅10 days
The prelicensing education requirement for Life AND Health license is what? -
correct answer ✅40 hours
A change in your legal address requires that you notify the Commisioner within
how many days? - correct answer ✅30
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
,Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
How many hours of insurance continuing education must you complete every
license period? - correct answer ✅24
How many hours of continuing education can you carry over from one 2-year
compliance period to the next? - correct answer ✅None / 0
As a licensed Producer, you must keep records of all insurance transactions for at
least how many years? - correct answer ✅3
A temporary Producer license may be issued for up to how many months? -
correct answer ✅6 months
Unless revoked, your Producer's license will remain in effect for how long? -
correct answer ✅As long as you meet the con-ed requirements and pay the fees
Lying to replace is considered to be what? - correct answer ✅Twisting
Offering to give your client half of your commission in order to motivate him to
buy from you is considered to be what? - correct answer ✅Rebatin
For just cause, the Commissioner can extend the time you have to complete your
continuing education requirements by how many days? - correct answer ✅90
days
An Adjuster must be at least how old to obtain a license? - correct answer ✅19
years old
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
,Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
Unless suspended or revoked, an Adjuster's License remains in effect for how
long? - correct answer ✅Two years
A Surplus Line Producer places coverage with an unauthorized insurer. The
Producer must file an affidavit with the state within how many days? - correct
answer ✅30 days of the effective date of coverage
A Surplus Line Producer must post a bond in the amount of... - correct answer
✅$50,000
The purpose of the Insurance Guaranty Association is to... - correct answer
✅protect policyowners if an insurance company becomes insolvent.
The maximum liability of the Insurance Guaranty Association on any one claim is...
- correct answer ✅$150,000
Death benefits could be paid under Workers Compensation for a maximum of how
many weeks? - correct answer ✅500 Weeks
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
, Alabama Insurance: P & C Study Guide
Latest 2023 (131 pages) Q & As
Under Workers Compensation an injured employee who loses sight in both eyes
would most likely be classified as... - correct answer ✅Permanently totally
disabled
An injured employee who is considered Temporarily Partially Disabled could
receive some income for how many weeks? - correct answer ✅300 Weeks
What qualifies for Fortified designation? - correct answer ✅Must be single
family
Detached structure
Built on a permanent foundation
*townhomes, duplexes, and other multiunit buildings will not qualify.
Discounts allowed for Fortified Home certifications last for how many years -
correct answer ✅5 years
Silver and Gold Fortified Home certifications are designed to address what? -
correct answer ✅Hurricane and high wind standards
A vehicle owner could prove legally acceptable financial responsibility by
purchasing auto Liability insurance the amount of: - correct answer
✅$75,000/occurrence
Alabama Insurance: P & C Study Guide Latest 2023 (131
pages) Q & As
