Quiz
Chapter 1 Quiz
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Fragen in diesem Quiz (40)
1In order to gain a surety producer license in South Carolina the prospective agent must?
- ABe at least 18 years of age
- BOf good moral character
- CPass the state mandated PSI examination
- DAll of the above
2All prospective limited lines surety insurance producers must take a pre-licensing class.
- ARichtig
- BFalsch
3A producer may do all of the following except:
- Asell, solicit, or negotiate insurance on behalf of an insurer
- Bprovide false information in an attempt to deceive the insured
- Creceives or delivers a policy of insurance of an insurer
- Dreceive, transmit, or collect any insurance premium
4Any person whom requests a surety insurance producer license in South Carolina, but resides in another state may be granted licensure as a _______ producer.
- ANonresident
- BResident
- CForeign
- DDomestic
5The director may issue a _________ producer license to an individual if it best serves the public interest when such instances as death or military service occur to the original producer?
- ADomestic
- BPermanent
- CTemporary
- DResident
6How long may the director issue a temporary producer license in South Carolina?
- A30 days
- B180 days
- C90 days
- D60 days
7An insurance broker must be a property casualty license holder, pass a separate examination, and be bonded in order to prevent loss by the insured due to negligent actions.
- ARichtig
- BFalsch
8In order to obtain a surety insurance producer, limited lines, license a person must be:
- AAt least 18 years old
- BResident of South Carolina
- COf good Moral Character
- DNot convicted of a crime of moral turpitude in the previous 10 years
- EAll of the above
9Types of surety insurance producer, limited lines, licenses:
- AProducer
- BNonresident Producer
- CTemporary Producer
- DBroker
- EAll of the above
10An insurance producer must renew their producer license biannually.
- ARichtig
- BFalsch
11An individual producer license holder must complete 24 hours of continuing education biannually.
- ARichtig
- BFalsch
12An individual producer license must be renewed by ___________.
- AJune 30th
- BMay 1st
- CJanuary 1st
- DLast day of the producers birth month
13An individual producer license may be renewed if the biennial license renewal fee has not been paid.
- ARichtig
- BFalsch
14Any surety insurance producer license holder in the state of South Carolina must report any administrative or criminal action taken against them to the director or his designee.
- ARichtig
- BFalsch
15All administrative actions must be reported to the director within _______ days of the cases disposition, along with a copy of the court order.
- A15
- B20
- C30
- D45
16All criminal accusations must be provided to the director within _______ days of the initial pretrial hearing
- A30
- B45
- C60
- D90
17A surety insurance producer that is licensed for limited lines insurance is exempt from continuing education.
- ARichtig
- BFalsch
18A limited lines surety insurance producer for the purpose of bail bonding must complete _____ hours of continuing education annually.
- A4
- B6
- C8
- D24
19An individual producer of property and casualty must complete ______ hours of continuing education biannually.
- A24
- B12
- C8
- D6
20All license holders must supply the department with:
- ABusiness name
- BEmail
- CMailing address
- DResidential address
- EAll of the above
21 A surety insurance producer has _______ days to notify the director of any change of address.
- A10
- B30
- C45
- D60
22If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate unwillingly.
- A$50
- B$100
- C$150
- D$200
23If a producer is served with a cease and desist order they may be fined _____ per day if they continue to operate willingly.
- A$50
- B$100
- C$150
- D$200
24The director must notify the individual producer of any disciplinary hearing either in writing or by certified mail 30 days prior to the hearing being held.
- ARichtig
- BFalsch
25Producers are not required to make and keep a full and correct record of the business done by them, showing the number, date, term, amount insured, premiums, and the person to whom issued of every policy or certificate of renewal.
- ARichtig
- BFalsch
26All records must be kept for _______ years, for the purpose of audit by the director or his designee.
- A0
- B1
- C5
- D10
27It is unlawful for a producer to act as fiduciary in which of the following cases:
- Aa. undertake or pretend to represent an insurer licensed to do business in this State, or to collect or do business for the insurer without the authority of the insurer
- Bsecure cash advances by false statements
- Cfail to turn over or satisfactorily account for all collections of the insurer when required
- DAll of the above
28No producer may sign any blank application, contract, or policy of insurance.
- ARichtig
- BFalsch
29If a producer is found to be signing blank forms they may be fined _______ per form signed.
- A$25
- B$50
- C$150
- D$200
30A producer may share commission with any person whom does not hold the necessary licensure to conduct business
- ARichtig
- BFalsch
31Any licensed producer whom conducts any business in the capacity of insurance for a company not recognized by the state of South Carolina is guilty of a misdemeanor, and will be personally responsible for any business conducted.
- ARichtig
- BFalsch
32No producer may do any of the following:
- AMisrepresentation
- BFalse advertising
- CDefamation
- DAll of the above
33No producer may give or promise to give a _______, or an offer to forgo the insureds obligation for payment of premium owed outlined in the policy.
- ATwisting
- BRebate
- CFree Insurance
- DInducement
34_________ is a false or misleading claim against another insurer in an attempt to lead the consumer to lapse, forfeit, surrender, terminate, retain, or convert an insurance policy or to take out a policy with another insurer.
- ATwisting
- BRebate
- CFree Insurance
- DInducement
35A producer shall not advertise insurance in anyway using the word "free"
- ARichtig
- BFalsch
36No producer may enter into a policy promising the insured which of the following:
- APaying, allowing, giving, or offering any paid employment or contract for services of any kind
- BGiving, selling, or purchasing or offering or agreeing to give, sell, purchase, allow, or provide for any agreement promising returns and profits, or any stock, bonds, or other securities, including trading stamps or other properties or present or contingent interest therein of any insurer or other corporation, association, partnership, or person, or any dividends or profits accrued thereon
- CGiving, allowing, arranging for, or offering any advisory board contract, or similar contract, promising returns and profits
- DAny of the above
37A producer may not make or permit any discrimination in favor of individuals between insureds of the same class and risk involving the same hazards in the amount of the payment of premium. This act would be considered?
- AMisrepresentation
- BFalse advertising
- CDefamation
- DUnfair discrimination
38The director of insurance is appointed by the:
- AGovernor
- BHouse of Representatives
- CSenate
- DNone of the above
39The director of insurance must be at minimum _________ years old at the time of appointment
- A60
- B45
- C30
- D50
40The Fair Credit Reporting act is utilized to protect the information and integrity of the __________.
- AProducer
- BInsurer
- CConsumer
- DSCDOI
Informationen
- Beschreibung
- This chapter will make up roughly 30%, 15 questions, of the required examination.
- Autor
- L S
- Sprache
- English
- Aufrufe
- 198
- Schlagwörter
- Bewertung
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