Which DC statute requires a person to hold a producer license before selling, soliciting, or negotiating any class of insurance, including personal lines property and casualty?
A. D.C. Official Code §31-1131.03
B. D.C. Official Code §42-1703
C. D.C. Official Code §47-2853.07
D. D.C. Official Code §2-1401.01
Source: D.C. Official Code §31-1131.03
A DC resident personal lines producer's license must be renewed how often?
A. Annually
B. Every 2 years
C. Every 3 years
D. Every 5 years
Source: D.C. Official Code §31-1131.07a
DC's Unfair Insurance Trade Practices Act applies to which lines of insurance?
A. Only life insurance
B. Only health insurance
C. All lines, including property and casualty personal lines products
D. Only commercial lines, not personal lines
Source: D.C. Official Code §31-2231.01 et seq.
An insurer that routinely denies valid homeowners claims without conducting a reasonable investigation may be in violation of:
A. The DC Condominium Act
B. D.C. Code §31-2231.17, unfair claim settlement practices
C. The DC Real Estate Brokerage Act
D. The federal Fair Housing Act
Source: D.C. Official Code §31-2231.17
The maximum dollar amount an insurer will pay for a covered loss, as specified in the policy, is the:</br>
A. Deductible
B. Limit of liability
C. Premium
D. Retention
Source: PSI Personal Lines Producer Content Outline, P&C Terms & Related Concepts (Limits of Liability)
