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Showing posts from July, 2021

Tempo license can go to

Tempo license can go to Answer: Surviving spouse
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If a license of a producer of a financial planner

If a license of a producer of a financial planner Answer: He or she is also a sales person
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Purpose of sr-22 filing is to

Purpose of sr-22 filing is to Answer: Notify the department of revenue that an auto policy has been canceled
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Discriminatory to charge different rates based on

Discriminatory to charge different rates based on Answer: Marital status
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Property or casualty policy claim is covered under Missouris prop + casualty guaranty fund up to how much

Property or casualty policy claim is covered under Missouris prop + casualty guaranty fund up to how much Answer: $300,000
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Guaranty fund provides coverage death benefit

Guaranty fund provides coverage death benefit Answer: $300,000
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Business entity's may obtain producers license unless its a

Business entity's may obtain producers license unless its a Answer: Sole proprietorship
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A producers license may be revoked by the

A producers license may be revoked by the Answer: Director of insurance
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A producer may split commissions with

A producer may split commissions with Answer: Any producer w/ the same line of insurance
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Making false statements about the financial condition of an insurer is called

Making false statements about the financial condition of an insurer is called Answer: Defamation
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A construction industry must have workers comp if it has

A construction industry must have workers comp if it has Answer: One employee
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A Missouri producer cannot use a binder to provide

A Missouri producer cannot use a binder to provide Answer: A rate advantage over competitors
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When canceling a sr-22 filing the director must notify within

When canceling a sr-22 filing the director must notify within Answer: 10 days
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The purpose of the Missouri FAIR plan is to

The purpose of the Missouri FAIR plan is to Answer: Provide property insurance to persons unable to obtain insurance
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If an insurer terminates a producer, the insurer must notify the commissioner within how many days?

If an insurer terminates a producer, the insurer must notify the commissioner within how many days? Answer: 30 days
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If the director revokes a producers license, the producer may appeal to the decision within

If the director revokes a producers license, the producer may appeal to the decision within Answer: 30 days
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The director may grant a waiver from the continuing education requirement for a lot, but NOT

The director may grant a waiver from the continuing education requirement for a lot, but NOT Answer: When the producer met more than a mandatory hours in the prior 2 year period
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Making a false statement under oath in any insurance director investigation

Making a false statement under oath in any insurance director investigation Answer: Is a class D felony which would take the offenders license or certificate of authority will be revoked
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FAIR plan polices

FAIR plan polices Answer: Are issued by the plan, not the private insurers
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What is allowed as an underwriting factor if the actuaries can show it's justified

What is allowed as an underwriting factor if the actuaries can show it's justified Answer: Sex
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Insurers must keep all claim records for

Insurers must keep all claim records for Answer: 3 years
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