Multiple Choice
Identify the
choice that best completes the statement or answers the question.
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1.
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If the department finds grounds for suspension,
revocation or refusal to renew any license, it may place the offender on probation for a period not
to exceed:
a. | 90 days | b. | 1 year | c. | 2
years | d. | 4 years |
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2.
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The term “risk-bearing entity is
NOT:
a. | a group self-insured fund | b. | a self-insured public utility | c. | an authorized insurer | d. | a commercial
self-insured fund |
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3.
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A Life Agent may pay or share commission with which
of the following:
a. | a referral from an approved
association | b. | an agent holding a
valid license and appointment | c. | a full time,
salaried employee | d. | anyone employed at
the same office or branch |
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4.
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Agents must make
available, records of information, collected from senior consumers, in determining
suitability:
a. | for 2 years | b. | for 5 years | c. | throughout the life of the policy | d. | It is not the agents’
responsibility |
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5.
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Free insurance is prohibited in which of the
following:
a. | Blanket disability insurance | b. | Credit life insurance | c. | Lost Bagage
Insurance when part of a travel package | d. | when in connection
with offering for sale, any goods, merchandise or services |
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6.
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A licensee who has
been licensed for six or more years must complete a minimum of:
a. | 16 hrs of elective, 4 hrs of Law & Ethics Update
every 2 yrs. | b. | 16 hrs of elective
and 5 hrs of Law & Ethics Update every year4 | c. | 20 hrs of elective and 4 hrs of Law & Ethics Update every 2
yrs. | d. | 17 hours of elective and 3 hours of Law & Ethics
Update every 2 yrs. |
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