Term
| appoints;2 year;feb 1;odd numbered |
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Definition
| The Governor ______________ the Commissioner for a _______________ term ending on _________ of each ____________ year. |
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Term
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Definition
| The Commissioner must have at least ____________ experience with at least ____________________ of the experience in the field of insurance or insurance regulation. |
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Term
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Definition
| The Commissioner must be a ________________of Texas. |
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Term
| once per year;3 years;3 years |
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Definition
| The Commissioner will examine newly formed insurance companies _____________ during their first ____________ of operation and then at least once every ____________ thereafter. |
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Term
| cease and desist;unlicensed |
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Definition
| A ________ may be issued if the Commissioner believes an _______________ person is engaging in the sale of insurance. |
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Term
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Definition
| A person charged may request a hearing to __________ or ___________ the charges within ____________ of the order. |
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Term
| 25,000;complete restitution |
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Definition
| Any one violating a cease and desist order may be fined up to ___________and/or directed to make _________________________ to the injured parties. |
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Term
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Definition
| A __________________________ is required to transact insurance business in Texas. |
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Term
| denied;revoked;10 to 20 days |
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Definition
| If a certificate of authority is ________________or _____________, the company is granted a hearing within ______________ after the Commissioners decision. |
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Term
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Definition
| Any person transacting insurance is considered an ___________________. |
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Term
| licensed;appointed;authorized |
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Definition
| An agent must be _____________ and _____________________ by at least one insurance company _______________ to transact insurance in Texas. |
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Term
| individuals;partnerships;corporations;banks and non resident agents |
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Definition
| Agents' licenses may be issued to _______________, ____________, and _____________. |
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Term
| $25,000;error;omissions;negligent act |
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Definition
| Banks and corporations can pay up to _______________ because of an ____________, _______________, ______________. |
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Term
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Definition
| A ____________________ is domiciled in a state other than Texas. |
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Term
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Definition
| The Commissioner may enter into a _______________________ agreement with officials of other states to _________________ the written exam if. |
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Term
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Definition
| ___________________ licenses can be issued for an effective period of _________________ without requiring a written exam. |
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Term
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Definition
| A ________________________ must have been licensed for more than ___________________ as an insurance agent. |
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Term
| renewing;temporary license;CLU;ticket selling agent;credit life/health |
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Definition
| Agents are exempt from taking the written exam if they are ______________ their license, have a ___________________________, hold a _________________________ designation, are ______________________ of a public carrier, or sell only ______________ in conjunction with loan transactions. |
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Term
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Definition
| Agents may _________________ more than one insurance company at time. |
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Term
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Definition
| Agents must complete _______________ of continuing education within each reporting period, unless exempt. |
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Term
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Definition
| The Commissioner may _____________ an application or __________________ a license holder. |
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Term
| denied;refused;revoked;one year |
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Definition
| No applicant or licensee whose license has been |
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Term
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Definition
| An agent's license will be suspended if they do not have an outstanding appointment with an _________________ insurance company. |
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Term
| embezzles;converts premiums;fraud |
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Definition
| If an agent _______________________ or fraudulently _________________________ to their own use they have committed ______________. |
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Term
| unfair and deceptive claim settlement practices |
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Definition
| An insurance company knowingly and intentionally not paying for losses incurred by the insured has committed _______________________________________________. |
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Term
| untrue;deceptive;misleading |
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Definition
| It is illegal to advertise or circulate any materials that are _______________, _____________________________, or ________________. |
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Term
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Definition
| Company _______________ is illegal. |
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Term
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Definition
| Defamation is ______________________ information. |
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Term
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Definition
| The _____________and/or ____________________ of rebates is illegal. |
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Term
| boycott;coercion;intimidation |
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Definition
| The intent to restrict free trade or create a monopoly by ___________, ____________ or _________________ is illegal. |
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Term
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Definition
| ________________________ is writing business on one's own life, immediate family, relatives, business associates. |
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Term
| current;active licenses;authorization |
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Definition
| Agents may share commissions as long as both hold ______________________________________, _______________________________ and have proper _________________ for the lines of business. |
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Term
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Definition
| The Texas Life, Accident, Health, and Hospital Services Guaranty Association may ________ be used to advertise insurance products. |
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