The expense of examination of an insurer, or of any person engaged in the business of insurance must be borne by the person examined.

Insurance

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The expense of examination of an insurer, or of any person engaged in the business of insurance must be borne by the person examined.

An insurer must appoint a producer as its agent in certain situations. In order for the insurer to properly appoint a producer as an agent of the insurer, which of the following is true regarding the notice of appointment?

a. It must be filed with the Commissioner within 10 days after the contract is executed or the first application for insurance is submitted to the insurer

b.It must be filed with the Commissioner within 20 days after the contract is executed or the first application for insurance is submitted to the insurer

c. It must be filed with the Commissioner within 15 days after the contract is executed or the first application for insurance is submitted to the insurer

d. It must be filed with the Commissioner within 30 days after the contract is executed or the first application for insurance is submitted

Answer: c. It must be filed with the Commissioner within 15 days after the contract is executed or the first application for insurance is submitted to the insurer

The above question The expense of examination of an insurer, or of any person engaged in the business of insurance must be borne by the person examined., Was part of Insurance MCQs & Answers. I hope you got the correct answer to your question. Have a great time ahead.