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The Insurance Commissioner is - CORRECT ANSWERS appointed by the Governor .
Any willful violation of insurance law that does not carry a specific penalty is considered a
misdemeanor , punishable by possible jail time and a fine of up to - CORRECT ANSWERS
$ 1,000 .
Your unlicensed brother - in - law Jeremy used some of your sales materials to sell a Life policy to a
friend of his . Now he wants the $ 400 commission you would have been paid for the sale . If you
pay the commission , how much could you be fined for paying a commission to a non licensed
person ? - CORRECT ANSWERS $ 1,200
To be able to transact business in Alabama , an insurance company must - CORRECT ANSWERS
hold an Alabama Certificate of Authority .
The minimum age for obtaining a resident insurance Producer license is - CORRECT ANSWERS
18 .
Before taking the written exam for a Producer license , an applicant for a Life and Health license
must complete prelicensing course hours from an approved provider . - CORRECT ANSWERS
40
Shauna was a licensed Producer in Texas when she moved to Alabama . Which of the following
steps is NOT required for her to obtain an Alabama resident license ? - CORRECT ANSWERS
Pass the Alabama written examination .
James Gilmore is a licensed Producer . When he becomes temporarily disabled due to an accident ,
his wife is granted a temporary license to continue to provide services to clients . The temporary
license is valid for and can be renewed once . - CORRECT ANSWERS 6 months
If you cheat on the state exam , your license may be refused , suspended , or revoked and you may
be fined up to - CORRECT ANSWERS $ 10,000
A Producer who sells Mr. Karnes a policy in March , 2015 must keep all records of the tran action
until - CORRECT ANSWERS March , 2018 .
In order to get your Producer license reinstated if it has been lapsed for more than 12 months , you
must - CORRECT ANSWERS start over with another prelicensing class , written exam ,
and application plus fees .
After changing your legal name or address , you must inform the Commissioner within or pay a $
50 penalty . - CORRECT ANSWERS 30 days