Tennessee Laws and Rules Study guides, Class notes & Summaries

In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Correct Answer: Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency Correct Answer: 3 Days Which of the following is an example of defamation? Correct Answer: Circulating brochures that falsely denounce the finically condition of an insurer J applies for an insurance policy. What BEST d...

Tennessee Laws and Rules Questions and Answers Already Passed In Tennessee, the MAXIMUM fine that the Commissioner can impose on a procedure is ___ per violation -$500 -$1,000 -$1,500 -$2,000 -$1,000 When a life insurance application is completed, a Policy Summary must be given to the applicant. The policy summary MUST include -the insurer's AM best rating -the producer's address -cash value rate -the premium cost for basic coverage applied for -the premium cost for basic ...

Tennessee Laws and Rules Questions and Answers Rated A+ Which of the following is an example of defamation? Circulating brochures that falsely denounce the financial condition of an insurer Which of these is NOT a fair marketing practice when an existing insurance policy is being replaced? Reduce the cost by lowering the commission In Tennessee, a(n) _______ insurance company is one formed under the laws of a state outside of Tennessee. foreign If an insurance producer applican...

Tennessee Laws and Rules Common to All Lines Quiz with Complete Solutions Rebating is an unfair trade practice and is regulated by law. All of the following would be considered to be rebating EXCEPT. A. An agent offers tickets to a baseball game as an inducement to buy insurance. B. An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him. C. An agent offers the use of his lake house to person as an inducement to buy. D. An agent ...

Chapter Exam-Tennessee Laws and Rules Exam | Questions & 100% Correct Answers (Verified) | Latest Update | GradeA+ In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Correct Answer: Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency Correct Answer: 3 Days Which of the following is an example of defamation? Correct Answer: Circulatin...

Tennessee Laws and Rules Chapter Exam with Complete Solutions In Tennessee, a(n) ________insurace company is one formed under the laws of a state outside of Tennessee. Foreign The commissioner notifies the association of an insolvent insurer no later than _______after receiving notice of the insurer's insolvency 3 Days Which of the following is an example of defamation? Circulating brochures that falsely denounce the finically condition of an insurer J applies for an insurance p...

Tennessee Laws and Rules Exam Review with Complete Solutions The definition of a business entity includes an association or a limited liability company If the Commissioner wishes to conduct a hearing regarding a producer, a notice must be sent by registered or certified mail to the licensee's current address of record The Commissioner must examine each domestic insurance company AT LEAST every 3 years Which of the following statements regarding referral fees is CORRECT? The commi...