After reviewing an application and the inspection report, the facility concludes that a building can be written now at a surcharged rate, and at an unsurcharged rate once certain repairs are made. Under Missouri's FAIR Plan statute, how does the facility record that conclusion?

In an action report finding the risk acceptable at a surcharged rate and naming the repairs needed to remove the surcharge

Several insurers in a Missouri market agree with one another to stop accepting business from an independent agency, intending to force it out, and the arrangement tends to unreasonably restrain competition in the business of insurance. Under Mo. Rev. Stat. Sec. 375.936, which defined unfair practice does this conduct fit?

Boycott, coercion or intimidation

After the Missouri director determines whether there has been a violation of sections 375.031 to 375.037, what does the statute direct the director to do next?

Notify all parties concerned by certified mail and prescribe a method of cancellation

For the complaint record required by Mo. Rev. Stat. Sec. 375.936(3), which of the following received by an insurer counts as a complaint?

A letter from a policyholder whose main purpose is to protest how a claim was handled

A licensed Missouri producer is convicted of a felony that had nothing to do with insurance and did not involve moral turpitude. Which statement is correct?

The director may suspend or revoke the license, or refuse to renew it, on that basis

At a county fair, a Missouri producer hands out pens and calendars printed with the agency's name and logo to anyone who passes the booth, whether or not they hold a policy. Under Mo. Rev. Stat. Sec. 379.402, how is this practice treated?

Permitted, because advertising merchandise may go to the public as well

A Missouri home is damaged when the ground beneath it suddenly collapses. For the damage to fit the FAIR Plan statute's definition of a sinkhole loss, the collapse must result directly from what?

Underground voids formed by water acting on limestone or similar rock

By what short title does Chapter 303 of the Revised Statutes of Missouri say it may be cited?

The Motor Vehicle Financial Responsibility Law

Under Missouri law, the written examination a resident individual must pass to obtain a producer license tests the applicant's knowledge of all of the following EXCEPT

The insurance laws of each other state the applicant works in

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Real questions with the answer, the reasoning and the source.

1.On a Missouri insurance identification card, the vehicle description may show the word Fleet when the policy covers at least how many motor vehicles?
Answer: C. Five
Sec. 303.024(2)(5) requires the card to describe the insured vehicle by year and make or by at least five digits of the vehicle identification number, but it permits the word Fleet instead when the policy covers five or more motor vehicles. Two, three and ten are not the threshold the subdivision sets.
Source
Mo. Rev. Stat. Sec. 303.024(2)(5) (eff. January 1, 2017)
Choose an answer to see the explanation.
2.After reviewing an application and the inspection report, the facility concludes that a building can be written now at a surcharged rate, and at an unsurcharged rate once certain repairs are made. Under Missouri's FAIR Plan statute, how does the facility record that conclusion?
Answer: B. In an action report finding the risk acceptable at a surcharged rate and naming the repairs needed to remove the surcharge
Mo. Rev. Stat. Sec. 379.830(1) requires the facility, within five business days after it receives the inspection report and application, to complete an action report. The report gives one of four outcomes: the risk is acceptable; acceptable at a surcharged rate, with the improvements needed before coverage is offered at an unsurcharged rate; acceptable if noted improvements are made and confirmed by reinspection; or not acceptable for the stated reasons. The facility's conclusion matches the second of those outcomes as written in the statute, so the facility records it in its own action report rather than declining the risk, handing the decision to the director, or writing at the standard rate with a later surcharge.
Source
Mo. Rev. Stat. Sec. 379.830(1) (effective August 28, 1986)
Choose an answer to see the explanation.
3.Several insurers in a Missouri market agree with one another to stop accepting business from an independent agency, intending to force it out, and the arrangement tends to unreasonably restrain competition in the business of insurance. Under Mo. Rev. Stat. Sec. 375.936, which defined unfair practice does this conduct fit?
Answer: C. Boycott, coercion or intimidation
Mo. Rev. Stat. Sec. 375.936(1) defines boycott, coercion or intimidation as entering into an agreement, or acting in concert, to commit such an act where the act unreasonably restrains, or tends to unreasonably restrain or monopolize, the business of insurance. A joint refusal to deal aimed at driving out an agency fits that definition. Defamation under subdivision (2) concerns false or maliciously critical statements about an insurer's financial condition, and no statement is involved here. Unfair discrimination under subdivision (11) concerns unequal treatment of individuals or risks of the same class, not concerted action against an agency. Rebating under subdivision (9) concerns inducements to buy insurance that are not specified in the contract.
Source
Mo. Rev. Stat. Sec. 375.936(1) (effective August 28, 1991)
Choose an answer to see the explanation.
4.After the Missouri director determines whether there has been a violation of sections 375.031 to 375.037, what does the statute direct the director to do next?
Answer: C. Notify all parties concerned by certified mail and prescribe a method of cancellation
Under Mo. Rev. Stat. Sec. 375.037(1), once the director has made the determination, the director notifies all parties concerned by certified mail and prescribes the method of cancellation the parties are to follow. A party aggrieved by the decision is entitled to judicial review. Notice goes to every concerned party, not only a complainant, and it is the director, not the insurer or the attorney general, who prescribes the method of cancellation.
Source
Mo. Rev. Stat. Sec. 375.037(1) (effective January 1, 2003)
Choose an answer to see the explanation.
5.For the complaint record required by Mo. Rev. Stat. Sec. 375.936(3), which of the following received by an insurer counts as a complaint?
Answer: D. A letter from a policyholder whose main purpose is to protest how a claim was handled
For this record, Mo. Rev. Stat. Sec. 375.936(3) defines a complaint as any written communication primarily expressing a grievance. A letter whose main purpose is to protest claim handling meets both parts: it is written, and it primarily expresses a grievance. A phone call and a remark made in person are not written, so they fall outside the definition. A written change-of-address request is in writing but does not primarily express a grievance. The record itself must show the total number of complaints, their classification by line, their nature, their disposition and the time taken to process each one.
Source
Mo. Rev. Stat. Sec. 375.936(3) (effective August 28, 1991)
Choose an answer to see the explanation.
6.A licensed Missouri producer is convicted of a felony that had nothing to do with insurance and did not involve moral turpitude. Which statement is correct?
Answer: A. The director may suspend or revoke the license, or refuse to renew it, on that basis
Mo. Rev. Stat. Sec. 375.141(1)(6) lists having been convicted of a felony or crime involving moral turpitude among the causes for which the director may suspend, revoke, refuse to issue or refuse to renew a producer license. The word "or" means a felony conviction is a ground by itself, so the offense need not also involve moral turpitude. The subdivision does not require that the felony relate to insurance, and it is satisfied by a single conviction.
Source
Mo. Rev. Stat. Sec. 375.141(1)(6) (effective January 1, 2003)
Choose an answer to see the explanation.
7.At a county fair, a Missouri producer hands out pens and calendars printed with the agency's name and logo to anyone who passes the booth, whether or not they hold a policy. Under Mo. Rev. Stat. Sec. 379.402, how is this practice treated?
Answer: D. Permitted, because advertising merchandise may go to the public as well
Mo. Rev. Stat. Sec. 379.402(2) allows a producer or insurer to give gifts, goods or merchandise carrying its advertising or promotion to policyholders, prospective policyholders or members of the public. Pens and calendars bearing the agency's name and logo are promotional merchandise of that kind, and the fair crowd is the public. The subsection does not confine such items to existing policyholders and contains no reporting step. Because its permission expressly extends to the public, the claim that these gifts are forbidden rebates fails.
Source
Mo. Rev. Stat. Sec. 379.402(2) (effective August 28, 2020)
Choose an answer to see the explanation.
8.A Missouri home is damaged when the ground beneath it suddenly collapses. For the damage to fit the FAIR Plan statute's definition of a sinkhole loss, the collapse must result directly from what?
Answer: D. Underground voids formed by water acting on limestone or similar rock
Mo. Rev. Stat. Sec. 379.827(1) defines sinkhole loss as actual physical damage to a building or property from sudden settlement or collapse of the earth supporting it, but only when that collapse results directly from subterranean voids created by water acting on limestone or similar rock. The section also requires the loss to be evidenced by the signs it lists, including an abrupt collapse of the ground cover and a depression visible to the naked eye. Voids left by mining, drought shrinkage of soil and earthquake shaking are different causes from water acting on limestone, so none of them fits the definition.
Source
Mo. Rev. Stat. Sec. 379.827(1) (effective August 28, 2014)
Choose an answer to see the explanation.
9.By what short title does Chapter 303 of the Revised Statutes of Missouri say it may be cited?
Answer: B. The Motor Vehicle Financial Responsibility Law
Sec. 303.010 states that Chapter 303 may be cited as "The Motor Vehicle Financial Responsibility Law." The other titles offered are not the title that section gives the chapter.
Source
Mo. Rev. Stat. Sec. 303.010 (eff. August 28, 1986)
Choose an answer to see the explanation.
10.Under Missouri law, the written examination a resident individual must pass to obtain a producer license tests the applicant's knowledge of all of the following EXCEPT
Answer: D. The insurance laws of each other state the applicant works in
A resident individual applying for a producer license must pass a written examination unless an exemption applies. The statute says the examination tests knowledge of the lines of authority applied for, the duties and responsibilities of an insurance producer, and Missouri's own insurance laws and regulations. The laws of other states are not on that list, so they are the exception.
Source
Mo. Rev. Stat. Sec. 375.016(1) (effective January 1, 2003)
Choose an answer to see the explanation.

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1.On a Missouri insurance identification card, the vehicle description may show the word Fleet when the policy covers at least how many motor vehicles?

2.After reviewing an application and the inspection report, the facility concludes that a building can be written now at a surcharged rate, and at an unsurcharged rate once certain repairs are made. Under Missouri's FAIR Plan statute, how does the facility record that conclusion?

4.After the Missouri director determines whether there has been a violation of sections 375.031 to 375.037, what does the statute direct the director to do next?

5.For the complaint record required by Mo. Rev. Stat. Sec. 375.936(3), which of the following received by an insurer counts as a complaint?

6.A licensed Missouri producer is convicted of a felony that had nothing to do with insurance and did not involve moral turpitude. Which statement is correct?

7.At a county fair, a Missouri producer hands out pens and calendars printed with the agency's name and logo to anyone who passes the booth, whether or not they hold a policy. Under Mo. Rev. Stat. Sec. 379.402, how is this practice treated?

8.A Missouri home is damaged when the ground beneath it suddenly collapses. For the damage to fit the FAIR Plan statute's definition of a sinkhole loss, the collapse must result directly from what?

9.By what short title does Chapter 303 of the Revised Statutes of Missouri say it may be cited?

10.Under Missouri law, the written examination a resident individual must pass to obtain a producer license tests the applicant's knowledge of all of the following EXCEPT

The other 349 questions are $29.