Page | 1
Click here for more: Preppass – Stuvia
Chapter 8- Alabama Insurance Law
Common to All Lines ExamFx Questions with
Detailed Verified Answers (100% Correct
Answers) /Already Graded A+
What type of license is needed to transact non-major lines of insurance like
baggage and accident only insurance?
Ans: limited
A person convicted of willfully violating an insurance law of Alabama is subject
to
Ans: A fine of up to $1,000, imprisonment, and a sentence to hard labor for a period of one
year.
What is the duration of an insurance producer or service representative’s license?
Ans: Licenses remain in effect unless revoked or suspended as long as the license renewal fee
is paid and continuing education requirements for the license are met by the due date
A producer holds both a Life and Health and a Property and Casualty licenses.
How many hours of continuing education will the producer be required to
complete every 2 years?
Ans: 24
Any licensee holding more than one license is only required to complete….
Ans: 24 hours of CE
Which type of misrepresentation persuades an insured, to his or her detriment, to
cancel, lapse, or switch policies from one to another?
Ans: twisting
