VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+
Terms in this set (95)
how many days prior to your at least 10
apprenticeship are you required to
register with the department of
insurance?
how long is an apprenticeship? 3 months, no less than 24 hours a week.
what can you not do in your solicitation, negotiation, quotation of fees, and executation of bonds
apprenticeship?
can a person who has been no
convicted of a felony allowed to
participate in the
apprenticeship program?
how long after the prelicensimg one year
education course do you have to
sit for your
examination?
how long is the prelicensing 8 hours
program?
commission sets the rules and regulations
how long is continuing education? 12 hours
nipr national insurance producer registry
how many days do you have to within 30 days
notify the department of insurance
of a change of address?
non resident, already actively licensed as a resident adding a
who is not required to be
fingerprinted? new type or line of authority, reinstating within 2 years of
lapse.
insurer who has received a Certificate of Authority from the
Authorized Insurer
department of insurance to transact insurance in this state
a corporation, association, partnership, limited liability
Business Entity
company, limited liability partnership, or other legal entity
commission fee paid to an insurance producer
home state the district of Columbia or any state or territory of the United States
A person required to be licensed under the laws of this state to
Insurance Producer
, sell, solicit, or negotiate insurance
Insurer every person engaged in the business of making contracts of insurance
a document issued by this states commissioner of insurance
license
authorizing a person to act as an insurance producer.
includes credit life, credit disability, credit property, credit unemployment,
involuntary unemployment, mortgage life, mortgage disability
Limited Line Credit Insurance and any other form of insurance offered in connection with an
extension of credit that is limited to partially or wholly
extinguishing that credit obligation that the commissioner of
insurance
determines
any authority granted by the commissioner of insurance which
limited lines insurance restricts the authority of the licensee to less that the total
authority prescribed in the association major lines pursuant to
RS 22:1547 (a)(1-6)
an insurance producer authorized by the commissioner of insurance to
Limited Lines Producer
sell, solicit, or negotiate limited line insurance
naic National Association of Insurance Commissioners
to confer directly with or to offer advice directly to a purchaser,
certificate holder, or enrollee, or prospective purchaser,
certificate holder, or enrollment, of a particular contract of
negotiate
insurance including certificates, riders, endorsements, or
amendments,
concerning any of the benefits, terms, or conditions of the
contract if the person engaged in that act is an insurance
producer who either sells insurance or obtains insurance from
insurers for purchasers, insurance holders, or enrollees.