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Property and Casualty Illinois practice exam Question & Answers 2025, Exams of Nursing

Sheffield Hallam University (SHU)Nursing

Property and Casualty Illinois practice exam Question & Answers 2025

Typology: Exams

2024/2025

Available from 07/12/2025

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Property and Casualty Illinois practice
exam Question & Answers 2025
The head of the Illinois Department of Insurance is the - CORRECT
ANSWERS ✔✔Insurance Director
An Insurance Producer who violates a cease and desist order issued by
the head of the insurance department may have his license suspended
or revoked and be fined a maximum penalty of - CORRECT ANSWERS
✔✔$5,000
Which of the following is NOT included in the general powers of the
insurance director? - CORRECT ANSWERS ✔✔Developing and writing
insurance education courses
What is the daily fine that may be assessed against a person who
disobeys a cease and desist order of the insurance director - CORRECT
ANSWERS ✔✔$100
The director will conduct examinations of companies not less frequently
than every - CORRECT ANSWERS ✔✔5 years
a licensed insurance producer, limited lines producer, or temporary
insurance producer who is convicted of a felony must report the
conviction to the insurance director within how many days of the
judgments entry date - CORRECT ANSWERS ✔✔30
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exam Question & Answers 2025

The head of the Illinois Department of Insurance is the - CORRECT ANSWERS ✔✔Insurance Director An Insurance Producer who violates a cease and desist order issued by the head of the insurance department may have his license suspended or revoked and be fined a maximum penalty of - CORRECT ANSWERS ✔✔$5, Which of the following is NOT included in the general powers of the insurance director? - CORRECT ANSWERS ✔✔Developing and writing insurance education courses What is the daily fine that may be assessed against a person who disobeys a cease and desist order of the insurance director - CORRECT ANSWERS ✔✔$ The director will conduct examinations of companies not less frequently than every - CORRECT ANSWERS ✔✔5 years a licensed insurance producer, limited lines producer, or temporary insurance producer who is convicted of a felony must report the conviction to the insurance director within how many days of the judgments entry date - CORRECT ANSWERS ✔✔ 30

exam Question & Answers 2025

What is the minimum number of prelicensing study hours required for a producer's license in casualty insurance - CORRECT ANSWERS ✔✔ 20 hours An insurance producer must complete how many hours of continuing education in each compliance period? - CORRECT ANSWERS ✔✔ 24 hours The fine for engaging in unfair trade practice after being issued a cease and desist order is - CORRECT ANSWERS ✔✔$1,000 per violation The Illinois producer exam consists of two parts, which must be passed within how many days of each other - CORRECT ANSWERS ✔✔90 days A business entity acting as an insurance producer must obtain what kind of license? - CORRECT ANSWERS ✔✔Insurance producer license An applicant for an insurance producer's license may be granted a temporary insurance producer's license that normally expires after how many days? - CORRECT ANSWERS ✔✔90 days

exam Question & Answers 2025

Which of the following statements regarding the payments of commissions is not correct? - CORRECT ANSWERS ✔✔A producer may not share commissions with a licensed non-resident producer Premium funds being held by insurance producer or registered firms must be deposited in - CORRECT ANSWERS ✔✔Premium fund trust accounts All of the following acts are illegal under the insurance laws of illinois except - CORRECT ANSWERS ✔✔replacing a life insurance policy with another a misrepresentation or false warranty by an insured will not void an insurance policy unless - CORRECT ANSWERS ✔✔There was intent to deceive or it materially affects acceptance of the risk by the company an agent whose license is revoked or whose application for a license is denied will be ineligible to reapply for any license for how many years? - CORRECT ANSWERS ✔✔3 years

exam Question & Answers 2025

Controlled business is insurance sold to cover the lives, businesses, properties or risks of all the following except - CORRECT ANSWERS ✔✔a friend of the insurance producer applicants for insurance producer licenses must meet all of the following requirements except - CORRECT ANSWERS ✔✔be at least 21 years old Which of the following statements about continuing education requirements in illinois is not correct - CORRECT ANSWERS ✔✔only continuing education courses offered in a classroom setting are approved for credit all of the following statements about rebating are correct except - CORRECT ANSWERS ✔✔while it is unlawful for an agent to give a rebate, it is not illegal for an insured or insurance applicant to accept a rebate which of the following persons need to be licensed in order to transact insurance business - CORRECT ANSWERS ✔✔a resident individual who sells homeowners insurance to the public

exam Question & Answers 2025

The Illinois Fair plan provides coverage in urban areas as defined by an of the following except - CORRECT ANSWERS ✔✔The illinois fair plan association a commercial property policy may be canceled within 10 days of a written notice if, after a fire loss, insured buildings have not been repaired within - CORRECT ANSWERS ✔✔60 days Once a personal auto policy has been in effect for 60 days or more, the insurer may cancel for all of the following reasons except - CORRECT ANSWERS ✔✔license renewal When a fire and extended coverage policy is canceled or not renewed, an insurer is required to give notice of eligibility for a fair plan f - CORRECT ANSWERS ✔✔The property location is in an urban area Which of the following would be considered unfair discrimination in property and casualty rate setting? - CORRECT ANSWERS ✔✔Discrimination on the basis of sex regarding fire and EC insurance Which of the following statements concerning the Illinois automobile insurance plan is correct? - CORRECT ANSWERS ✔✔Uninsured motorist coverage is available

exam Question & Answers 2025

The equipment exclusion in illinois refers to - CORRECT ANSWERS ✔✔auto insurance All of the following statements about the defensive driving discount are correct except - CORRECT ANSWERS ✔✔a defensive driving course of 10 hours or more must be completed Which of the following statements regarding the workers compensation assigned risk plan in illinois is not correct? - CORRECT ANSWERS ✔✔to apply for the plan, an employer must have been rejected by at least one insurer within 60 days Within how many days after receiving written request from a claimant or his attornye must an insurer disclose the insured's auto liability coverage amount - CORRECT ANSWERS ✔✔30 days the illinois automobile insurance plan offers all of the following coverages except - CORRECT ANSWERS ✔✔underinsured motorist the mandatory liability coverage limits for automobiles in illinois is - CORRECT ANSWERS ✔✔25/50/