Insurance Licensing and Regulations in DC
ACTUAL QUESTIONS AND CORRECT
ANSWERS
alien company - Correct answers✔An insurer licensed to conduct business in DC, but domiciled
in another country.
foreign company - Correct answers✔An insurance company that is domiciled in New Jersey and
licensed to conduct business in DC.
non-admitted company - Correct answers✔An insurance company that is not licensed to conduct
business in a particular state.
domestic company - Correct answers✔An insurance company that is incorporated in the state
where it is doing business.
twisting - Correct answers✔Inducing or attempting to induce any insured person through
misrepresentation to lapse, forfeit, or surrender insurance.
false advertising - Correct answers✔The act of an insurance company publishing misleading
information about its policy's provisions.
continuing education requirement - Correct answers✔The District of Columbia requires that an
insurance producer must complete 24 hours of continuing education every 24 months.
misrepresentation - Correct answers✔Making an unfair comparison of two insurance policies or
issuing false, misleading, or deceptive illustrations or sales material.
, Commissioner of Insurance - Correct answers✔The official empowered to enforce District of
Columbia laws relating to insurance.
Life and Health Insurance Guaranty Association - Correct answers✔An association created to
protect policyholders when insurers fail to perform contractual obligations due to financial
impairment.
binding receipt - Correct answers✔The signed document that starts the free-look period.
defamation - Correct answers✔Issuing a brochure that contains untrue statements regarding a
competitor's ability to pay claims.
nonresident producer license requirement - Correct answers✔The producer's state of residence
must have reciprocity with the District of Columbia.
alien company (in DC context) - Correct answers✔An insurance company incorporated under the
laws of another country.
misrepresentation example - Correct answers✔A producer tells an applicant that an insurance
policy is like a share of stock.
Misrepresentation - Correct answers✔If a producer tells an applicant that an insurance policy is
like a share of stock, the producer may be guilty of misrepresentation.
ACTUAL QUESTIONS AND CORRECT
ANSWERS
alien company - Correct answers✔An insurer licensed to conduct business in DC, but domiciled
in another country.
foreign company - Correct answers✔An insurance company that is domiciled in New Jersey and
licensed to conduct business in DC.
non-admitted company - Correct answers✔An insurance company that is not licensed to conduct
business in a particular state.
domestic company - Correct answers✔An insurance company that is incorporated in the state
where it is doing business.
twisting - Correct answers✔Inducing or attempting to induce any insured person through
misrepresentation to lapse, forfeit, or surrender insurance.
false advertising - Correct answers✔The act of an insurance company publishing misleading
information about its policy's provisions.
continuing education requirement - Correct answers✔The District of Columbia requires that an
insurance producer must complete 24 hours of continuing education every 24 months.
misrepresentation - Correct answers✔Making an unfair comparison of two insurance policies or
issuing false, misleading, or deceptive illustrations or sales material.
, Commissioner of Insurance - Correct answers✔The official empowered to enforce District of
Columbia laws relating to insurance.
Life and Health Insurance Guaranty Association - Correct answers✔An association created to
protect policyholders when insurers fail to perform contractual obligations due to financial
impairment.
binding receipt - Correct answers✔The signed document that starts the free-look period.
defamation - Correct answers✔Issuing a brochure that contains untrue statements regarding a
competitor's ability to pay claims.
nonresident producer license requirement - Correct answers✔The producer's state of residence
must have reciprocity with the District of Columbia.
alien company (in DC context) - Correct answers✔An insurance company incorporated under the
laws of another country.
misrepresentation example - Correct answers✔A producer tells an applicant that an insurance
policy is like a share of stock.
Misrepresentation - Correct answers✔If a producer tells an applicant that an insurance policy is
like a share of stock, the producer may be guilty of misrepresentation.
