Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The producer must hold a similar license in the state of residence. 2. Policies the producer writes in Illinois must be countersigned. 3.The producer must complete pre-licensing and continuing education courses in Illinois. 4.The producer must maintain a minimum surety bond of $10,000.
Which of the following statements regarding a nonresident insurance producer is CORRECT? 1.The producer must hold a similar license in the state of residence. 2. Policies the producer writes in Illinois must be countersigned. 3.The producer must complete pre-licensing and continuing education courses in Illinois. 4.The producer must maintain a minimum surety bond of $10,000.
Chapter7: The Market For Health Insurance
Section: Chapter Questions
Problem 11QAP
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- Which of the following statements regarding a nonresident insurance producer is CORRECT?
1.The producer must hold a similar license in the state of residence.
2. Policies the producer writes in Illinois must be countersigned.
3.The producer must complete pre-licensing and continuing education courses in Illinois.
4.The producer must maintain a minimum surety bond of $10,000.
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