Card Set Information
the insurance marketplace
qualified institutional buyer is
one that owns and invests at least 100 million in securities and is allowed by the sec to trade in unregistered securities
if the insurer issues a policy, the insuruer must forward to the commissioner a notice of appointment of the agent as teh insurer's agent not more than
14 days after the agent submitted the insurance application
what type of insurance must you already have to be a surplus line broker?
fire (property) and casualty insurance
how much of a bond is required for a surplus line broker?
how many days must legible records be produced once a request is made from the department of insurance
when are insurance licenses renewed
every two years
what is the grace period for conducting business after the expiration date if the licensee completes all requirements and submits the license renewwal fee no later than the expiration date?
adverse selection is
an imbalance of risks or the selection of poor risks
how many days prior to the release to the public must the commissioner give a description of any complaint to the insurer