A Missouri private passenger auto policy, in force for two years, names a husband and wife as named insureds. During the current policy period the wife's driver's license is suspended, while the husband's license remains valid. Under Missouri law, what may the insurer do?

Exclude the wife by name while she drives the insured car during her suspension

A Missouri-licensed business entity producer terminates one of the individual producers it listed on its license application. Under the statute governing business entity applications, within what period must the entity itself notify the director?

Within twenty working days after the termination

Each policy below insures private passenger automobiles, was written by a Missouri-authorized insurer, and has been in force for more than sixty days. None is a garage, excess or assigned risk policy. Which one falls outside the definition of policy used in Missouri's automobile cancellation and nonrenewal sections?

A policy on five cars owned by an individual, with automobile liability coverage

An agent delivers to each client who buys a policy an advisory board contract promising the client a share of future profits. Under Missouri law, which statement about this practice is accurate?

It is an unfair practice, because it promises returns and profits to induce insurance

A Missouri county issues occupational licenses to contractors in the construction industry. Under state workers' compensation law, what must the county require from a contractor applying for one of these licenses?

A certificate of workers' compensation insurance, or a signed affidavit attesting the contractor is exempt

Assume each employer below otherwise meets the chapter's employee-count threshold. Under the Missouri provision exempting farm labor and household employment from the workers' compensation chapter, which worker is exempt?

A chauffeur hired by a private family to drive its members around town

Missouri's Insurance Producers Act defines sell, solicit and negotiate as separate terms. Which description matches the Act's definition of negotiate?

Directly advising a prospective buyer on a particular policy's benefits and terms, by one who sells insurance

A member insurer became insolvent and was liquidated in 2018. A jury had awarded a claimant damages against one of its policyholders, including amounts for medical expenses, lost wages, vehicle repairs and punitive damages. Under Missouri's guaranty association law, which part of that award is excluded from the definition of a covered claim?

The portion awarded as punitive damages against the policyholder

A Missouri property and casualty producer is engaged only in selling policies and has passed a professional course of study that carries a designation. Under the unfair financial planning practices provision, what may the producer do with that designation?

Display the designation's symbol on business cards or on stationery

The board of the Missouri Property and Casualty Insurance Guaranty Association obtains information suggesting that a member insurer may be in a financial condition hazardous to its policyholders. What does Missouri law require of the board?

The board, acting on a majority vote, must notify the director of the information

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1.A Missouri private passenger auto policy, in force for two years, names a husband and wife as named insureds. During the current policy period the wife's driver's license is suspended, while the husband's license remains valid. Under Missouri law, what may the insurer do?
Answer: C. Exclude the wife by name while she drives the insured car during her suspension
Missouri lets an insurer cancel an auto policy when the named insured's license was suspended or revoked during the policy period, but it makes an exception when more than one person is a named insured and only one of them has a suspended or revoked license. In that case the policy may not be canceled. Instead the insurer may issue an exclusion that names the suspended driver and removes coverage while that person operates the insured vehicle during the suspension or revocation. Canceling the whole policy is barred, the statute provides no partial cancellation with a premium refund, and the exclusion reaches only the person whose license is suspended, not the other named insured.
Source
Mo. Rev. Stat. Sec. 379.114(1)(2) (effective August 28, 1974)
Choose an answer to see the explanation.
2.A Missouri-licensed business entity producer terminates one of the individual producers it listed on its license application. Under the statute governing business entity applications, within what period must the entity itself notify the director?
Answer: B. Within twenty working days after the termination
The business entity application statute requires a licensed business entity to notify the director within twenty working days after any change in the information on its application or after it terminates an insurance producer. Ten working days, thirty calendar days and ninety calendar days are not the period this provision sets for the entity's notice.
Source
Mo. Rev. Stat. Sec. 375.015(5) (effective January 1, 2003)
Choose an answer to see the explanation.
3.Each policy below insures private passenger automobiles, was written by a Missouri-authorized insurer, and has been in force for more than sixty days. None is a garage, excess or assigned risk policy. Which one falls outside the definition of policy used in Missouri's automobile cancellation and nonrenewal sections?
Answer: D. A policy on five cars owned by an individual, with automobile liability coverage
For Missouri's auto cancellation and nonrenewal sections, a policy means one providing liability, uninsured motorists, medical payments or physical damage coverage on a private passenger automobile owned by an individual or a partnership, in effect more than sixty days or renewed. The definition then carves out any policy insuring more than four motor vehicles, so the five-car policy falls outside it. The four-car partnership policy is inside, because four does not exceed four and partnership ownership is expressly included. The single-car physical damage policy and the two-car liability and uninsured motorists policy each provide a listed coverage on an individually owned car.
Source
Mo. Rev. Stat. Sec. 379.110(3)(b) (effective August 28, 2018)
Choose an answer to see the explanation.
4.An agent delivers to each client who buys a policy an advisory board contract promising the client a share of future profits. Under Missouri law, which statement about this practice is accurate?
Answer: C. It is an unfair practice, because it promises returns and profits to induce insurance
Missouri defines stock operations and advisory board contracts as issuing or delivering stock, benefit certificates, securities, or special or advisory board contracts that promise returns and profits as an inducement to insurance, or allowing agents, officers or employees to do so. The agent's delivery of these contracts is that practice. The provision contains no written-disclosure exception, does not depend on how the insurer is organized, and nothing in it treats such a contract as a policy dividend.
Source
Mo. Rev. Stat. Sec. 375.936(10) (Unfair practices defined, Stock operations and advisory board contracts; effective August 28, 1991)
Choose an answer to see the explanation.
5.A Missouri county issues occupational licenses to contractors in the construction industry. Under state workers' compensation law, what must the county require from a contractor applying for one of these licenses?
Answer: B. A certificate of workers' compensation insurance, or a signed affidavit attesting the contractor is exempt
Missouri requires any city or county that licenses construction contractors to demand one of two documents: a certificate of insurance showing workers' compensation coverage, or an affidavit, on a form the division develops, in which the applicant attests that the contractor is exempt. The statute expressly relieves the city or county of any duty to investigate the certificate or affidavit, so a requirement to confirm coverage with the insurer before issuing goes beyond the law. A general liability policy and a surety bond are not among the documents the statute names.
Source
Mo. Rev. Stat. Sec. 287.061(1) (effective August 28, 1998)
Choose an answer to see the explanation.
6.Assume each employer below otherwise meets the chapter's employee-count threshold. Under the Missouri provision exempting farm labor and household employment from the workers' compensation chapter, which worker is exempt?
Answer: A. A chauffeur hired by a private family to drive its members around town
Missouri's workers' compensation chapter does not apply to farm labor, to domestic servants in a private home (the statute expressly includes family chauffeurs), or to occasional labor done for a private household. A chauffeur driving for a private family fits that exemption. A hotel housekeeper works for a business, not in a private home. Driving a school bus for a district is neither household work nor farm labor. Working the parts counter at an equipment dealership is retail work, not farm labor, even though the products are sold to farmers.
Source
Mo. Rev. Stat. Sec. 287.090(1)(1) (effective August 28, 2016)
Choose an answer to see the explanation.
7.Missouri's Insurance Producers Act defines sell, solicit and negotiate as separate terms. Which description matches the Act's definition of negotiate?
Answer: C. Directly advising a prospective buyer on a particular policy's benefits and terms, by one who sells insurance
The Act defines negotiating as conferring directly with, or advising directly, a purchaser or prospective purchaser about the substantive benefits, terms or conditions of a particular contract, where the person sells insurance or obtains it from insurers for purchasers. Directly advising a prospective buyer on a particular policy's benefits and terms, by someone who sells insurance, fits that definition. Trading a policy for money or its equivalent on behalf of an insurer is the Act's definition of selling, and encouraging a person to apply for a specific kind of coverage from a specific company is its definition of soliciting. A general newspaper advertisement involves no direct conferring with a purchaser about a particular contract.
Source
Mo. Rev. Stat. Sec. 375.012(2)(12) (effective August 28, 2007)
Choose an answer to see the explanation.
8.A member insurer became insolvent and was liquidated in 2018. A jury had awarded a claimant damages against one of its policyholders, including amounts for medical expenses, lost wages, vehicle repairs and punitive damages. Under Missouri's guaranty association law, which part of that award is excluded from the definition of a covered claim?
Answer: D. The portion awarded as punitive damages against the policyholder
The definition of a covered claim carves out any amount awarded as punitive or exemplary damages, and any amount that is a fine or penalty. Medical expenses, lost wages and vehicle repair costs are compensatory amounts that the exclusion list does not name, so they can be part of a covered claim if the claim otherwise qualifies, subject to the association's payment limits.
Source
Mo. Rev. Stat. Sec. 375.772(2)(7)(c)a (effective August 28, 2013)
Choose an answer to see the explanation.
9.A Missouri property and casualty producer is engaged only in selling policies and has passed a professional course of study that carries a designation. Under the unfair financial planning practices provision, what may the producer do with that designation?
Answer: A. Display the designation's symbol on business cards or on stationery
Sec. 375.936(12)(a) makes it an unfair financial planning practice for a producer, agent, broker or consultant to hold himself out to the public as a financial planner, investment adviser, financial consultant or similar specialist when the person is in fact engaged only in selling policies. The same paragraph allows one who has passed a professional course of study to use the symbol of the professional designation on a business card or stationery. Passing the course does not permit a financial planner or investment adviser title for someone who only sells policies, and the paragraph ties the symbol's use to passing the course, not to any approval from the director.
Source
Mo. Rev. Stat. Sec. 375.936(12)(a) (Unfair practices defined; effective August 28, 1991)
Choose an answer to see the explanation.
10.The board of the Missouri Property and Casualty Insurance Guaranty Association obtains information suggesting that a member insurer may be in a financial condition hazardous to its policyholders. What does Missouri law require of the board?
Answer: A. The board, acting on a majority vote, must notify the director of the information
To help detect and prevent insurer insolvencies, Missouri law makes it a duty of the board, on a majority vote, to tell the director about information suggesting that a member insurer may be insolvent or financially hazardous to policyholders or the public. The duty runs to the director. The provision does not direct the board to mail notice to policyholders or to publish the information in a newspaper, and it does not wait for a liquidation order: it is triggered by the information itself.
Source
Mo. Rev. Stat. Sec. 375.776(5)(1) (board duty to notify the director of possible insolvency; eff. August 28, 2013)
Choose an answer to see the explanation.

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1.A Missouri private passenger auto policy, in force for two years, names a husband and wife as named insureds. During the current policy period the wife's driver's license is suspended, while the husband's license remains valid. Under Missouri law, what may the insurer do?

2.A Missouri-licensed business entity producer terminates one of the individual producers it listed on its license application. Under the statute governing business entity applications, within what period must the entity itself notify the director?

4.An agent delivers to each client who buys a policy an advisory board contract promising the client a share of future profits. Under Missouri law, which statement about this practice is accurate?

5.A Missouri county issues occupational licenses to contractors in the construction industry. Under state workers' compensation law, what must the county require from a contractor applying for one of these licenses?

6.Assume each employer below otherwise meets the chapter's employee-count threshold. Under the Missouri provision exempting farm labor and household employment from the workers' compensation chapter, which worker is exempt?

7.Missouri's Insurance Producers Act defines sell, solicit and negotiate as separate terms. Which description matches the Act's definition of negotiate?

9.A Missouri property and casualty producer is engaged only in selling policies and has passed a professional course of study that carries a designation. Under the unfair financial planning practices provision, what may the producer do with that designation?

10.The board of the Missouri Property and Casualty Insurance Guaranty Association obtains information suggesting that a member insurer may be in a financial condition hazardous to its policyholders. What does Missouri law require of the board?

The other 268 questions are $29.