Term
| put the commissioner into office |
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Definition
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Term
| commissioner's term of office |
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Definition
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Term
| examination of insurance companies |
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Definition
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Term
| time for a producer to request a hearing or make an appeal |
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Definition
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Term
| time for the commissioner to hold a hearing after request by a producer |
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Term
| bond required of the Commissioner before taking office |
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Term
| time to pass the pre licensing exam after education certification is issued |
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Definition
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Term
| time to secure a producers license after passing the pre licensing exam |
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Definition
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Term
| maximum duration of temporary license |
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Term
| producer who represents the consumer/insured |
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Definition
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Term
| Producerwhorepresents the insurance company they sell insurance for |
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Definition
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Term
| producer always serves whose best interest? |
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Definition
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Term
| term of a producers appointment and license |
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Definition
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Term
| when a producers license expires |
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Definition
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Term
| Continuing Education hours needed to renew a producers license |
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Definition
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Term
| Continuning Education hours needed in ethics to renew a producer's license |
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Definition
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Term
| Time for a licensee to keep certificate of completions |
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Definition
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Term
| Minimum bond needed for a producer to act as a broker |
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Definition
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Term
| When a Certificate of Authority renews for insurance companies |
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Definition
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Term
| Youngest age allowed to be licensed as a producer |
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Definition
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Term
| After ___ from the expiration date of a producers license, all associated appointments and affiliations are terminated |
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Definition
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Term
| After ___ from the expiration date of a producers license the producer will have to begin the entire licensing process again |
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Definition
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Term
| commissioners maximum fine per violation of the insurance code |
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Definition
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Term
| civil penalty for transacting insurance without an insurance license |
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Definition
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Term
| maximum duration of license suspension or revocation |
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Definition
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Term
| days for a producer to pay a fine |
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Definition
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Term
| the time for notifying a producer to suspend, revoke or refuse to renew his or her license |
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Definition
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Term
| the time for notifying a producer to suspend a license under an emergency action |
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Definition
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Term
| a producers change of any address must be reported iwthin ___ days to the commissioner |
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Definition
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Term
| time for an insurer to acknowledge notice of claim to the claimant |
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Definition
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Term
| time after insurer receives a claim to complete a claim investigation |
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Definition
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Term
| time the commissioners office can audit or review a producers and companys records |
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Definition
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Term
| maximum value of gift or service allowed to be given to an insured or prospective insured |
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Definition
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Term
| time for the a producer to keep insurance transaction records |
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Definition
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Term
| time for a producer to respond to the Commissioner when an inquiry is made |
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Definition
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Term
| Coverage limit per policy for Life & Disability under the Guaranty Association |
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Definition
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Term
| Coverage limit for Property & Casualty per claim under the Guaranty Association |
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Definition
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Term
| Free Look time for examining a newly issued policy |
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Definition
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Term
| Free Look time for examination of a replacement policy |
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Definition
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Term
| Time to refund premium to the applicant under the Free Look Provision |
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Definition
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Term
| Time to notify an insured for an interest rate change under a policy loan |
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Definition
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Term
| Maximum interest rate that an insurer can charge for a policy loan |
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Definition
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Term
| Time an insurer may delay the distribution of cash from a policy (known as the Delay Clause) |
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Definition
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Term
| Minimum interest rate an insurance company must pay under the Life Settlement law |
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Definition
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Term
| Percentage of an employee's group life coverage which may be extended to an employee's spouse |
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Definition
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Term
| Minimum number of employees needed for employee group coverage |
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Definition
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Term
| Minimum number of enrollees for agent credit union or labor union group coverage |
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Definition
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Term
| Days to CONVERT group coverage to individual coverage after leaving employement |
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Definition
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Term
| Participation requirement on employee contributory groups |
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Definition
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Term
| Participation requirement on employee non-contributory groups |
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Definition
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