Property And Casualty Exam Prep

A detailed illustration depicting a confident insurance producer at work, surrounded by insurance policies, a laptop, and a welcoming office environment, emphasizing professionalism and knowledge in the insurance field.

Property And Casualty Exam Prep Quiz

Test your knowledge and preparation for the Property and Casualty licensing exam with our engaging quiz. Designed for aspiring insurance producers, this quiz covers essential concepts and regulations in the industry.

8 challenging questions
Multiple choice and text-based queries
Enhance your understanding of insurance laws

8 Questions2 MinutesCreated by LearningAgent252

"Insurance producer" means

A person not required to be licensed under the laws of this state to sell, solicit or negotiate insurance.

A person required to be supervised under the laws of this state to sell, solicit or negotiate insurance.

A person required to be licensed under the laws of this state to sell, solicit or negotiate insurance.

A person who produces insurance out of thin air.

When can insurance producer act as an agent for the insurer?

Whenever he/she wants to.

With the permission of the supervisor.

He/she is appointed as an agent.

After meeting producer sales goals.

To appoint a producer as its agent, the appointing insurer, or an authorized representative of the insurer, shall file, in a format approved by the Insurance Commissioner, a notice of appointment within _________days from the date the agent contract

If the insurance producer is determined to be ineligible for appointment, the Commissioner shall notify the insurer and the authorized representative of the insurer within_____days of its determination.

How many days after a licensee moves does he/she have to update their address with the commisioner?

What is the fee that a licensee has to pay when he/she needs to update their address within 30 days?

What is the maximum number of days after moving that a insurance producer has before he/she will face a penalty?

How much is the fee for failing to update your address in 30 days or less as a licensee?

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