Examen de Licencia de Productor de Seguros page 16

How many hours of continuing education courses must individuals with a property and casualty producer license take in a two-year period?

• 24 hours

• 20 hours

• 10 hours

• 16 hours

What should insurance producers do when leaving a state in relation to their license?

• Request a 30-day extension

• Submit it within 30 days

• Renew it in the new state

• Keep it unchanged

What disciplinary action can the licensing authority take if an insurance producer behaves unethically?

• All of the above

• Deny license renewal

• Suspend the license

• Revoke the license

What should an insurance producer do if conducting business under an unapproved name?

• Notify the licensing authority before using that name

• Not necessary to notify the authority

• Use the name without notifying the authority

• Change the name without notifying the authority

How many years must an insurance producer wait to reapply for a license after it has been revoked, suspended, or denied renewal?

• 2 years after the first offense, 10 years after subsequent offenses

• 1 year after the first offense, 5 years after subsequent offenses

• 3 years after the first offense, 7 years after subsequent offenses

• Cannot reapply for a license

What should an insurance producer do if convicted of a felony?

• Notify the licensing authority within 30 days

• Conceal the conviction from the licensing authority

• Resign the license immediately

• No need to notify the licensing authority

How many hours of continuing education must licensed life and health insurance producers complete?

• 24 hours

• 20 hours

• 16 hours

• 10 hours

What can result in a fine of up to $250 for an insurance producer?

• Not notifying the licensing authority about relevant changes

• Not completing the hours of continuing education

• Doing business under an unapproved name

• Hiring a convicted criminal without approval

What should an insurance producer do if they are subject to disciplinary action in another jurisdiction?

• Hide the disciplinary action

• Immediately resign the license

• Ignore the disciplinary action

• Notify the licensing authority within 30 days

What should an insurance producer do if they obtain their license through fraud or misrepresentation?

• No need to do anything

• May lose that license

• Can maintain the license unchanged

• Can apply for a new license immediately