Utah Personal Lines Insurance License Exam — All Questions
3 questions
Which agency issues resident personal lines insurance producer licenses in Utah?
- a.The federal Department of Insurance
- b.The Utah Bureau of Insurance Agents
- c.Utah Insurance Department✓
- d.The National Association of Insurance Commissioners
Insurance in Utah is regulated at the state level by the Utah Insurance Department, headed by the Commissioner. It licenses and renews producers, reviews rates and forms, and enforces the Utah Insurance Code (Title 31A). The NAIC is a standards body, not a licensing agency, and there is no federal insurance department. Source: Utah Insurance Department (https://insurance.utah.gov).
After a producer is licensed in Utah, what generally must occur before he or she can transact business for a specific insurer?
- a.The producer must be elected by policyholders
- b.Nothing further - a license alone lets the producer bind any insurer
- c.The insurer must appoint the producer and file the appointment with the Utah Insurance Department✓
- d.The producer must register with the NAIC
A license lets a person act as a producer, but to represent a specific insurer that company must appoint the producer, and the appointment is filed with the Utah Insurance Department. A producer may hold appointments from many insurers at once. Source: Utah Insurance Department.
Which statement about continuing education (CE) for resident personal lines producers in Utah is correct?
- a.Only life producers have any CE duty
- b.CE is never required once the license is issued
- c.CE is set and enforced by the federal government
- d.Producers must complete state-approved CE, typically including an ethics component, each renewal cycle✓
To renew, resident Utah producers must complete state-approved continuing education each cycle, typically including an ethics component. Exact hour totals and the renewal period are set by the Utah Insurance Department and can change, so verify current requirements at https://insurance.utah.gov rather than memorizing a number.