Texas Exam Property And Casualty Part 1 (Insurance Regulation)

A compliance period consists of how many months? {Ans: 24- You have 24 months to complete the 24 hours of required CE courses.}When an insurer renews a commercial property policy with a substantial renewal premium, the {Ans: insured may request that the policy be renewed at the expiring premium for at least 30 days from the mailing date of the notice.}An insurance application must be signed by {Ans: both the insured and the agent.}The Superintendent of insurance will conduct a hearing within ___days regarding the acquisition or merger of any domestic carrier. {Ans: The Superintendent will conduct a hearing within 7 calendar days on any merger/acquisition of a domestic insurer.}How many hours of CE credit can be carried over to the next qualifying period? {Ans: 12 hours}If aware of a violation of insurance law, the Superintendent may {Ans: require the suspected violators to submit statements in writing under oath.}An insurer can refuse to provide mine subsidence coverage on a structure if {Ans: previous mine subsidence damage has not been repaired.}How many days' written notice must be given for cancellation due to non-payment of premiums? {Ans: Non-payment of premium on any policy requires