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Ch. 15 - State Laws, NC Life & Health State Laws pt. 21-39

Terms in this set (103)

Providing materially incorrect, misleading, incomplete, or false information on a licensing application; Violating any state's insurance law or order of the Commissioner; Obtaining or attempting to obtain a license through misrepresentation or fraud; Improperly withholding, misappropriating, or converting monies received while transacting insurance business; Intentionally misrepresenting the terms of an insurance policy or application; Being convicted of a felony or a misdemeanor involving dishonesty, breach of trust, or moral turpitude, or committing any insurance unfair trade practice; Using dishonest or fraudulent practices or demonstrating incompetence, untrustworthiness, or financial irresponsibility in the conduct of business; Having an insurance producer license denied, suspended, or revoked in another state; Forging another's name on an insurance application or document related to an insurance transaction; Willfully failing to notify the Commissioner of insolvency, bankruptcy, or receivership proceedings being taken against a licensee within 3 business days after the proceedings begin; Knowingly accepting insurance business from an individual not licensed to broker that kind of business; Soliciting, negotiating, or selling insurance for an unauthorized insurer, even if the licensee did not know the insurer was not authorized; Failing to comply with a court order to pay child support; Failing to pay state income tax; Cheating on a prelicensing or continuing education exam; Willfully overinsuring property