Commissioner of Insurance
What is the Commissioner's main duty with relationship to the laws of the state
Enforce the laws
What is the minimum age to be licensed in insurance in the state of Texas?
18
This form of unfair marketing practices offers different rates to people based solely on race, gender or marital status
Discrimination
How many days does a customer have to reinstate their HO policy after it was canceled due to non-payment
60 days
What is the name of an injury that arises out of the course and scope of employment which workers comp would pay for?
Compensable Injury
At what monetary value of electronic funds transfer must the Commissioner adopt rules for processing
$500,000
How many years must one be licensed in the state of Texas to not have to complete Continuing education hours
20 years
This form of unfair marketing practice involves deceptive statements made in a newspaper, magazine or other publication
False Advertising
How many other insures must turn down a customer before they qualify for the FAIR plan
2
How many days must elapse from the injury date before benefits are paid?
7 Days
How many days notice must the Commissioner give before revoking or modifying and insurer's certificate of authority.
10 days
A temporary insurance agent license is valid for how many days
90
This unfair marketing practice involves giving company stock or securities as rebates or inducements
Rebating
What is the only Insurer that is exempt from the FAIR plan
Texas Windstorm Insurance Association (TWIA)
How many consecutive weeks of pay before an injury was incurred is used to determine average weekly wage?
13 Weeks
How many years can the commissioner suspend a license for?
1 year
What type of Insurance license are we testing to get
Agent License
This unfair marketing practice company A uses another company's policy as a way to entice customers to go with company A even though the policies are not similar.
Unfair Comparisons
How many claims must be filed within 3 years for a HO policy to be non renewed
3 years
What is the maximum number of weeks without an extension that an employee is eligible for temporary income benefits?
104 weeks
how many days must does an Insurer have to respond to an inquiry from the commissioner without an extension
15 days
How many hours of ethics continuing education must an agent go through every renewal period?
2
What is required for an insurer to use gender and marital status as a rating factor?
actuarial assumptions approved by the commissioner
What are the two reasons a HO policy may be canceled by the Insurer within 60 days of the start of the policy?
A material hazard was not disclosed on the application or the hazard increases
The insurer request a inspection within 90 days prior to the start of the policy and then rejects the risk within 11 days after receiving the report.
If a employee dies in the course of employment due to a compensable injury and the burial costs are $8,000 how much will the insurance company pay out?
$6,000