Question

Which of the following is NOT required of a business entity applying for its required insurance producer license?

1) Submitting a uniform application to the Commissioner
2) Paying state licensing fees
3) Ensuring that all employees of the business have passed an insurance licensing exam
4) Designating a licensed producer responsible for compliance with insurance laws

Answer 1

Ensuring that all employees of the business have passed an insurance licensing exam is NOT required for a business applying for an insurance producer license.

Step-by-step explanation:

Out of the given options, ensuring that all employees of the business have passed an insurance licensing exam is NOT required of a business entity applying for its required insurance producer license. The other options, such as submitting a uniform application to the Commissioner, paying state licensing fees, and designating a licensed producer responsible for compliance with insurance laws, are all required when applying for the insurance producer license.