This quiz assesses knowledge on state-specific insurance regulations, focusing on life and A&H insurance. It covers topics like legal penalties, unfair trade practices, and the role of health organizations, enhancing understanding of regulatory compliance and legal standards in Maryland.
The Insurer
The Department of insurance
The national Association of Insurance Commissioner
The consuming public
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A new Commissioner is put into office
A producer’s license expires and is not renewed
A termination is issued by the appointing insurer
A producer’s license is suspended or revoked by the Department of Insurance
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The Lt. Governor
The Government
The commissioner
The Deputy Commissioner
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Criminal and administrative penalties
Criminal sanctions
Administrative penalties
A felony
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Defamation
Twisting
Coercion
D. Misrepresentation
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Requiring a 23 year old male to pay more for being a substandard risk
Requiring certain persons in the same classification to pay more for coverage
Requiring a higher Life Insurance premium for a person involved in a hazardous occupation
Permitting a 50 year old male to pay a lower premium for Health Insurance than a 50 year old female
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The Commissioner is elected by the majority of the Senate
The Commissioner should advise the Governor on all matter regarding insurance
The Commissioner shall serve a term of 6 years
The Commissioner is entitled to a payment from the State Insurance Fund
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$1,000
$2,000
$5,000
$10,000
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3 years
5 years
2 years
1 years
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An acceptable business practice
An Unfair claims Settlement practice
An Unfair Trade practice
An unfair Discrimination
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The SEC
The Federal Trade Commission
The State
The NASD
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Maryland insurance Administration and the Department of Health and Mental Hygiene
Department of Health and Mental Hygiene
Department Office of Aging
Maryland Insurance Administration
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Within 15 days
Promptly
Within 90 days
Within 30 days
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Quiz Review Timeline (Updated): Mar 21, 2023 +
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