Erstellt von Det Ferraris
vor mehr als 11 Jahre
|
||
Errors & Omission (E&O) Insurance
E&O Insurance
NO FREE INSURANCE
Name Filing Requirements
Names that CANNOT be disapproved
ACCEPTABLE CHOISES for when an agent wants to attach a corporations name on stationery or advertisements
Changes of address on file including EMAIL, RESIDENCE, BUSINESS, MAILING must be reported to DOI
Upon receipt of a written demand, Original or Certified copy must be turned in to DOI within 30 days.
Records SHALL BE AVAILABLE for inspection or examination by the commissioner AT ALL TIMES.
Records of policy delivery must be kept for 5 YEARS.
Required Life & Disability Records
A Conviction following a Nolo Contendere plea is still deemed to be a conviction.
Restricted License
Permanent License
Reason to be Denied License with RIGHT TO A HEARING
Denial of License WITHOUT right to a hearing
Nolo Cotondere
Appoint
Notice of Appointment
Insurance Agents
F&C Broker-Agent can either be Broker/Agent, he is acting as an insurance agent NOT as a broker to the insurers for whom he has been appointed with.
Life Only Agent
Class of Disability
An Accident & Health Broker-Agent must be appointed prior to selling disability products on behalf of disability insurer.
Disability products can only be sold by agents.
F&C Broker-Agent cannot sell disability products as a broker.
Implied Declaration
Appointment Termination
Inactive License
Reasons for Denial of License but WITH RIGHT TO A HEARING
Convicted of a crime=Not proved Guilty but pleaded Nolo Contendere
Charged for a crime= Proved Guilty