Tennessee Laws and Department Rules Common to All Lines

How many credit hours is required for producers for continuing education requirements? And how often are they completed?

• 20 hours and completed every 2 years

• 8 hours and completed every year

• 24 hours and completed every 2 years

• 10 hours and completed every 2 years

How many days does the insurer have to acknowledge the notice of claim?

• 10 days

• 15 days

• 20 days

• 30 days

What is defined as any inducement offered to the insured in the sale of insurance products that is not specified in the policy?

• Boycotting

• Defamation

• Rebating

• False Advertising

Attempting to settle a claim for less than the amount to which a reasonable person would have believed they were entitled, is what?

• Unfair Replacement Transaction Practices

• Defamation

• Coercion

• Unfair Claims Settlement

A ____ insurer is an insurance company that is incorporated in this state. (Home state)

• Domestic

• Foreign

• Fiduciary

• Domicile

A producer/agent is in a position of trust because they handle the funds of the insured. They have what responsibility?

• Certificate of Authority

• Business Entity

• Limited Lines Producer

• Fiduciary Responsibility

In an investigation, which violation can have up to $1,000 for each violation, not to exceed a total of $100,000?

• Unintentional

• Unauthorized Insurer

• Intentional

• False Advertising

The ___ acts as the head of the state Department of Insurance and enforces insurance laws?

• Insurance Producer

• Commissioner

• Limited Lines Producer

• Fiduciary

How many days do you have to report a change of address or legal name?

• 15 Days

• 180 Days

• 30 Days

• 90 Days

How long does a new resident who is licensed in a previous state, have to apply for a resident license?

• 60 Days

• 180 Days

• 30 Days

• 90 Days