Insurance Regulations & State Laws

0.0(0)
learnLearn
examPractice Test
spaced repetitionSpaced Repetition
heart puzzleMatch
flashcardsFlashcards
Card Sorting

1/8

encourage image

There's no tags or description

Looks like no tags are added yet.

Study Analytics
Name
Mastery
Learn
Test
Matching
Spaced

No study sessions yet.

9 Terms

1
New cards

Examination

makes sure they have enough money to pay their claims

2
New cards

Examination In Iowa

Every 5 years

3
New cards

Monitoring Licenses

Must be 18, Pay the fee, pass the test

4
New cards

How often are licenses valid for?

Valid for 3 years

5
New cards

How many hours of continuing education?

36 hours with 3 hours of ethics

6
New cards

what month does your license expire?

based on your birth month

7
New cards

Fair Credit Act

Protects consumers against the circulation of inaccurate or incomplete personal or financial situations

8
New cards

In the fair credit act, what information can’t they use?

They can’t use 7 years old negative information or 10 year old bankruptcy

9
New cards

What is the fine if the fair credit act is violated?

$2500