Licensed v Unlicensed

Question 1

Kathryn collects insurance premiums from policyholders when they come due in the insurance office

Answer 1

Does not need to be licensed

Question 2

Gretta (an accountant) gives incidental advice to Jason about insurance as a means of paying estate taxes and does not recieve an insurance commission

Answer 2

Does not need to be licensed

Question 3

Mavis (an office secretary) handles the walk-in customers by filling out auto applications and collecting the first premium

Answer 3

Needs to be licensed

Question 4

Jason goes door-to-door in the rural area soliciting accident policies

Answer 4

Needs to be licensed

Question 5

Madeline works in a bank as a customer service representative. Periodically a customer will purchase and IRA from her. Her manager signs the application at the end of the day.

Answer 5

Needs to be licensed

Question 6

Bud advises other people about insurance needs and coverages and is directly compensated by an insurance company

Answer 6

Needs to be licensed

Question 7

Junie is a customer service representative. If the agent is not in the office, and a person calls for auto insurance, she gives oral binder over the phone covering the auto

Answer 7

Needs to be licensed

Question 8

Flossy is a CSR. A person calls and requests information on how much a health insurance policy will cost for her family. Flossy gives them the information

Answer 8

Needs to be licensed

Question 9

True or False:
An agent who needs to place insurance through an authorized insurer does so through a non resident agent

Answer 9

False; surplus lines would make this true

Question 10

True or False:
An intermediary who will sell Blue Cross or Blue Shield or, a non-profit organization will need to have their intermediary license

Answer 10

True

Question 11

An employee or a collection agency that collects insurance premiums from delinquent policyholders

Answer 11

Does not need to be licensed

Question 12

Ralph is a high school teacher. Ralph teaches a two week section of insurance

Answer 12

Does not need to be licensed

Question 13

Kathryn works for Wizzer Manufacturing. She plans their safety program, makes sure that the company is meeting OSHA requirements & plans for the insurance needs of the company

Answer 13

Does not need to be licensed

Question 14

Madeline, who is a Human Resource Director, gives health insurance forms to new employees for the employee to become eligable for health insurance through the company’s group health insurance plan

Answer 14

Does not need to be licensed

Question 15

Zephyr recommends to Zachary that he go to Adam for an auto quote. Zachary goes to Adam and buys insurance from him. Zephyr does not receive any referral fee from Adam

Answer 15

Does not need to be licensed