Property and Casualty Insurance Nevada State Law Supplement Exam Questions & Answers A certificate of authority gives a(n) - ANSWER-Company authority to transact insurance in Nevada A characteristic unique to surplus lines insurance is that it - ANSWER-May be written with unauthorized insurers provided there are no authorized insurers selling that type of policy in Nevada The commissioner must examine authorized insurers at least one every - ANSWER-5 years Which of these insurance professionals investigates or settles claims for a fee or commission - ANSWER-Adjuster A producer offers a prospective buyer a trip to Jamaica in order the persuade him to buy a policy. If the prospect purchases the policy and takes the trip, the producer will have committed which violation? - ANSWER-Rebating An applicant for a producer license must - ANSWER-Pass an examination unless exempt Would a person who works in an agent's office and advises the public about the benefits and terms of insurance policies be required to take and examination for a producers license? - ANSWER-Yes Within how many days after receiving notice of a claim must insurers begin investigating the claim? - ANSWER-20 days A commissioner has the duties of - ANSWER-A. Examining domestic insurers
- Enforcing insurance laws
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