Delaware Personal Lines Insurance License Exam — All Questions

Which agency issues resident personal lines insurance producer licenses in Delaware?

• a.The Delaware Department of Insurance✓
• b.The Delaware Division of Financial Regulation
• c.The Delaware Board of Insurance Producers
• d.The federal Department of Insurance

Insurance in Delaware is regulated by the Delaware Department of Insurance, led by an elected Insurance Commissioner. It licenses and renews producers, reviews rates and forms, and enforces the state insurance code. There is no federal insurance department. Source: Delaware Department of Insurance (https://insurance.delaware.gov/).

After a producer is licensed in Delaware, what generally must occur before he or she can transact business for a specific insurer?

• a.Nothing further — the license alone authorizes sales for any insurer
• b.The insurer must appoint the producer, and that appointment is on file with the Delaware Department of Insurance✓
• c.The producer must post a personal surety bond with the state treasurer
• d.The producer must first sell to at least five clients on a temporary permit

A license lets a person act as a producer, but to represent a particular company that insurer must appoint the producer, with the appointment filed with the Delaware Department of Insurance. A producer may hold appointments from several insurers at once. This mirrors the NAIC producer-licensing model Delaware follows.

Which statement about continuing education (CE) for resident personal lines producers in Delaware is correct?

• a.Resident producers must complete state-approved CE each renewal cycle to keep the license active; confirm the exact hours and ethics requirement with the Delaware Department of Insurance✓
• b.CE is optional and only recommended for new producers
• c.CE is required once, in the first year, and never again
• d.Passing the licensing exam permanently exempts a producer from all CE

Like other states, Delaware requires resident producers to complete approved continuing education each renewal cycle, typically including an ethics component, before renewing. Because specific hour totals change, verify the current CE requirement directly with the Delaware Department of Insurance (https://insurance.delaware.gov/).