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Insurance Licensing Rules & Regs: Days/Years Flashcards

Flashcard to try and memorize the sheet that Rick gave to us concerning days and years.

AB
5 daysPremium funds must be submitted to the company when check is payable to insurer; without having to open a Trust Account
5 daysAmended Rule filed with the Secretary of State prIor to becoming effective
5 daysProperty & Casualty claims must be submitted to insurer after their receipt
5 daysTitle Insurance settlement funds must be distributed
10 daysNotice of hearing for amended regulation
10 daysNotice of hearing for individual, partnership, or corporation
10 daysOnce Producer receives policy, it must delivered within ________?
15 daysProducer must respond to Departments inquiry
15 daysCompany must notify the Department of Contract of Agency being formed or terminated
15 daysCommittee to request hearing for amendment
20 daysChange of business, home address or change of Producer's name
20 daysRespond to alleged violation from Department
20 daysNotice of closing of Branch office
30 daysChange of business name
30 daysOpening of Branch office
30 daysNotifying Department of Revocation of license in any other state
30 daysAddition or deletion of Officers, Partners, Directors or Owners of 5%
30 daysDepartment must give notice of intended action to interested parties regarding amendment or repeal of Rule of Regulation
30 daysCommission must approve or disapprove policy forms within ________.
60 daysSenate or General Assembly to disapprove amendment, alteration, etc. of Rule or Regulation

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