Qualifications, Purpose, Process

Quiz Summary

0 of 8 Questions completed

Questions:

You have already completed the quiz before. Hence you can not start it again.

Quiz is loading…

You must sign in or sign up to start the quiz.

You must first complete the following:

Results

Quiz complete. Results are being recorded.

Results

Congratulations, you passed! Sorry, you did not pass. 0 of 8 questions answered correctly . A passing score is 70% or better.

Current
Review
Answered
Correct
Incorrect

Question 1 of 8

1. Question

Which of the following is NOT a duty of the Utah Insurance Commissioner?

Run the Utah Insurance Department

Make insurance rules

Make insurance laws

Conduct examinations and investigations of insurance matters

Correct

Incorrect
Question 2 of 8

2. Question

Which of the following statements is NOT true?

A person may not perform, offer to perform, or advertise any service as a producer, without a valid license.

A valid license includes at least one license type and one line of authority pertaining to that license type.

When applying for an individual license, an individual is NOT allowed to provide his or her Social Security number.

To obtain or renew an individual license, an individual shall file an application and pay a license fee.

Correct

Incorrect
Question 3 of 8

3. Question

Which of the following is NOT required of a person to get a Utah insurance license?

Satisfy the application and character requirements; if required, submit to a criminal background check and be fingerprinted

Satisfy applicable examination requirements and pay the applicable fees

Certifies that, to the extent applicable, the applicant has the required errors and omissions coverage

Be a resident of Utah for at least 90 days

Correct

Incorrect
Question 4 of 8

4. Question

Which of the following is a requirement to obtain a Utah insurance license?

Be at least 21 years old

Be a United States citizen

Be a high school graduate and attend 20 hours of insurance classes

Be competent and trustworthy

Correct

Incorrect
Question 5 of 8

5. Question

Tommy, a licensed insurance producer, is moving from Idaho to Utah. What must Tommy do to get a Utah resident insurance license?

Be at least 21 years old and a high school graduate

Prove that he is a United States citizen

Take the Utah insurance exam within 90 days of establishing legal residence in Utah

Apply for an insurance producer license in Utah within 90 days of establishing legal residence in Utah

Correct

Incorrect
Question 6 of 8

6. Question

Which of the following is NOT a purpose of insurance licensing?

Promoting professional competence of insurance producers

Providing maximum freedom of marketing methods for insurance, consistent with the public interest

Preserving and encouraging competition at the consumer level

To make sure that insurance licensees have a certain level of education

Correct

Incorrect
Question 7 of 8

7. Question

Which of the following is NOT a purpose of insurance licensing?

Regulating insurance marketing practices in conformity with the law

Governing the qualifications and procedures for licensing of insurance producers

Promoting uniform licensing requirements between the states

To make sure that only U.S. citizens are allowed to have an insurance license

Correct

Incorrect
Question 8 of 8

8. Question

William owns an insurance agency called Billy’s Insurance Agency. Billy’s Insurance Agency must do all of the following EXCEPT what?

Report to the commissioner when a new producer has been designated to act on the agency's behalf

Report to the commissioner when a producer designation has been terminated

Report to the commissioner the cause of termination of a designation if it was due to illegal activity

Commit acts that are grounds for denial, suspension, or revocation

Correct

Incorrect

Qualifications, Purpose, Process

Quiz Summary

Information

Results

Results

Categories

1. Question

2. Question

3. Question

4. Question

5. Question

6. Question

7. Question

8. Question