Federal Legislation that requires companies to give consumers privacy notices that explain the institutions' information-sharing practices and policies is known as:
Gramm-Leach-Bliley Act
What law requires producers to get permission before accessing consumers' credit reports?
Fair Credit Reporting Act
Under Federal Law, a person in the insurance business who intentionally makes a FALSE material statement or claim that places the insurers safety and soundness in jeopardy may be imprisoned up to ____ years.
15
The Insurance Commissioner's term of office is:
4 years
If the Insurance Commissioner becomes incapacitated, the commissioner's powers will be exercised by the:
Chief Deputy Commissioner
Before a Domestic insurance company can transact insurance in Louisiana, it MUST apply for a _______ which the commissioner will issue if the insurer is qualified.
Certificate of Authority
In addition to the MINIMUM examination requirements, the commissioner may examine insurers as often as:
Deemed necessary
Every authorized insurer MUST be examined by the commissioner at least once every:
Five years
The Louisiana Insurance Code is called:
Title 22
Ron is a licensed real estate agent. He receives a portion of the commission of every client he brings to Judy, a licensed insurance producer:
This is illegal and Judy could spend time in prison.