Question

Why would the Insurance Commissioner

issue a temporary license?

a) To allow a person who failed the state exam to conduct insurance business

b) To allow a nonresident producer to conduct business in Indiana

c) Date the policy is delivered to the insured

d) To allow a producer to sell for an unauthorized
insurer

Answer 1

The Insurance Commissioner would issue a temporary license to allow a nonresident producer to conduct business in Indiana.

Step-by-step explanation:

The Insurance Commissioner would issue a temporary license for option b) To allow a nonresident producer to conduct business in Indiana. When a nonresident insurance producer wants to sell insurance in a state other than their home state, they need to obtain a temporary license from that state's Insurance Commissioner. This allows them to conduct insurance business in that specific state for a limited period of time.