ACCURATE 100%
How many years is the Commissioner's term of office? - ANSWER5 years
The Commissioner must examine an insurer at least once every __ years. -
ANSWER5 years
Lapsed licenses must be reinstated within _ months upon payment of fees and
completion of CE credit hours. - ANSWER24 months or 2 years.
name, address and contact change must be reported within __ days - ANSWER30
days
Time frame to report administrative actions or criminal prosecutions to the
Commissioner - ANSWER30 days
Total CE hours required every two years - ANSWER24 hours
Advance notice of a hearing must be at least ___ days. - ANSWER10 days
Maximum fine for violation of rules, regulations or orders - ANSWER$2500
Notice of unfair claims must be acknowledged within __ working days. - ANSWER10
days
Unfair claims must be paid within __ working days - ANSWER5 days
Insurer must file notice of appointment within ___ days of the agency contract date,
or first insurance application - ANSWER15 days
An insurer must notify the Commissioner within _ days of termination. - ANSWER15
days
The producer must receive the termination notice within __ days. - ANSWER15
days.
Nonresident producers must file a change of address with __ days of moving to
another state. - ANSWER30 days.
The Commissioner may issue a temporary producer license for a maximum of ___
days to a surviving spouse, business partner, or employee if a producer dies,
becomes disabled, or is called to active military service. - ANSWER180 days