Under standard state insurance regulations, in which of the following situations may a temporary insurance producer license be issued without requiring the applicant to pass a written examination? (Select all that apply)
- To the surviving spouse of a deceased licensed producer to allow time for the sale of the insurance business.Answer
- BTo a newly hired agency employee who wants to solicit new business while preparing for the state licensing exam.
- To the designee of a licensed producer who is called to active military duty.Answer
- DTo a non-resident producer who recently relocated to the state and needs immediate resident authority before filing an application.
Answer
The correct situations are issuing a temporary license to the surviving spouse of a deceased producer and to the designee of a producer called to active military duty.
Under standard regulations, the Commissioner or Director of Insurance may issue a temporary producer license for up to 180 days without an examination in specific emergency situations. These legally recognized situations include the death or disability of a licensed producer (issued to a surviving spouse or court-appointed representative) and the producer being called to active military service. The core intent of this provision is to service existing business and clients, not to solicit or sell new business.
Step-by-Step Solution
Key Concept
Temporary License Qualifications