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Insurance Regulation

Key Concepts:

Terms in this set (52)

-Providing incorrect, misleading, incomplete, or materially untrue information in the license application;
-Violating any insurance laws or violating any regulation, subpoena, or order of the Commissioner or of another state's insurance Commissioner;
-Obtaining or attempting to obtain a license through misrepresentation or fraud;
-Improperly withholding, misappropriating, or converting any money or property received in the course of doing insurance business;
-Intentionally misrepresenting the terms of an actual or proposed insurance contract or application for insurance;
-Having been convicted of a felony;
-Having admitted or been found to have committed any insurance unfair trade practice or fraud;
-Using fraudulent, coercive, or dishonest practices or demonstrating incompetence, untrustworthiness, or financial irresponsibility in the conduct of business in this state or elsewhere;
-Having an insurance producer license or its equivalent denied, suspended, or revoked in any other state, province, district, or territory;
-Forging another's name to an application for insurance or to any document related to an insurance transaction;
-Improperly using notes or any other reference material to complete an examination for an insurance license;
-Knowingly accepting insurance business from an individual who is not licensed;
-Failing to comply with an administrative or court order imposing a child support obligation;
-Failing to pay single business tax or comply with any administrative or court order directing payment of single business tax.