Mo State Property And Casualty Laws Exam Study Guide

If a person does not testify or otherwise comply with the Director's subpoena, the Director may {Ans: suspend or revoke the producer's license or company's certificate of authority. Apply to the *County Circuit Court* to enforce compliance with the subpoena.}The two Missouri Guaranty Associations protect Insureds if an insurance company becomes insolvent {Ans: Life Health Guaranty Association and Property Casualty Guaranty Association.}Every Insurer must complete an investigation of a claim within ______days after notification of the claim {Ans: 30 days}If we make a false statement or false entry in the books then: {Ans: is a level four violation which allows the Director to impose a civil order to pay $10,000 per violation, up to an aggregate civil penalty of $250,000 per annum (year) for multiple violations. is a class D felony for which the court must order the Department to revoke the offender's license or company's certificate of authority}Every Producer must complete Continuing Education courses every {Ans: 2 years}If a member insurer is broke, the Guaranty Association may The Guaranty Association will not pay claims for {Ans: guarantee the impaired insurer's debts, loan money to the impaired insurer, provide the money to pay the