Regulación de Seguros

What type of license is issued to a producer who resides in a particular state or has a principal place of business in that state?

• Resident producer license

• Non-resident producer license

• Insurance broker license

• Insurance agent license

How long does the non-resident producer license last?

• 180 days

• 90 days

• 2 years

• 1 year

What requirements must a non-resident applicant meet to obtain approval as a surplus lines broker?

• Complete a pre-licensing education program

• Pay a standard fee

• Have at least two years of professional experience working on behalf of a property and casualty insurer

• Take a written exam

How long does an insurance producer's license last?

• 4 years

• 3 years

• 1 year

• 2 years

What should applicants indicate in the application for an insurance producer license if they have a license in another state?

• That they are applying for a license for the first time

• That they have a license in another state

• Nothing

• That they do not have a license in another state

What should applicants do if their insurance producer license is suspended, revoked, or denied renewal?

• Appeal the decision

• Notify in writing

• Do nothing

• Pay a fine

How many hours does the approved course that applicants must complete to obtain the insurance producer license last?

• 16 hours

• 24 hours

• 32 hours

• 40 hours

Who can be exempted from some requirements related to obtaining and maintaining an insurance producer license?

• People over 65 years old

• People with sales experience

• University students

• People with disabilities or veterans

What is the standard fee for the approval of non-resident surplus lines broker?

• $25

• $50

• $75

• $100

What should applicants indicate in the application for an insurance producer license if they owe money to a general producer or insurer?

• They owe money

• They do not owe money

• They are applying for a license for the first time

• Nothing