Ask Question
BusinessBusiness
9 July, 08:55

An insurance producer wishing to do business under any name other than their legal name must notify the Commissioner:

+1
Answers (1)
  1. 9 July, 10:42
    0
    prior to using the Assumed names

    Explanation:

    An insurance producer must get himself or his organization registered before doing any business of insurance.

    For this there are certain rules as related to the names of such business.

    There is the requirement to follow the rules and regulations.

    If some person does this business not in his name, and uses some other assumed name, that is any kind of "insurance" word is used for example, "Life Insurance Co." then the person is required to take a prior permission from the commissioner.

    This is to ensure that the name shall not be registered with some other organization.

    Thus, no assumed names to be used, before prior permission is received from the commissioner.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “An insurance producer wishing to do business under any name other than their legal name must notify the Commissioner: ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
The business risk of a firm: A. depends on the level of unsystematic risk associated with the assets of the firm. B. is inversely related to the required return on the firm's assets. C.
Answers (1)
Viserion, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 24 years to maturity that is quoted at 92 percent of face value. The issue makes semiannual payments and has an embedded cost of 4 percent annually.
Answers (1)
A bond that pays interest semiannually has a price of $1,043.47 and a semiannual coupon payment of $27.00. If the par value is $1,000, what is the current yield
Answers (1)
Which of the following statements is true? a. The higher the discount rate, the higher the present value. b. The process of accumulating interest on interest is referred to as discounting. c.
Answers (1)
In a company's bank reconciliation, an outstanding check is a check that: Multiple Choice has been written for an amount that is greater than the balance in the account holder's bank account. is guaranteed for payment by the bank.
Answers (1)
New Questions in Business
The legal document stating the intent to buy a commodity at a set price is called a A. Purchase order B. Invoice C. Financial report D. Balance sheet
Answers (1)
The costs in time and other resources that parties incur in the process of facilitating an exchange of goods and services are called a. enforcement costs. b. implicit costs. c. transactions costs. d. explicit costs.
Answers (1)
3. John Fillmore's lifelong dream is to own his own fishing boat to use in his retirement. John has recently come into an inheritance of $400,000. He estimates that the boat he wants will cost $300,000 when he retires in 5 years.
Answers (1)
What would happen if the unemployment rate was 0%? What would happen if the inflation rate was 0%? Describe which rates would be more beneficial for the economy and why.
Answers (1)
Matured Water Services had net income for the month of October of $ 50 comma 880. Assets as of the beginning and end of the month totaled $ 362 comma 000â, and $ 486 comma 000â, respectively.
Answers (1)
Home » Business » An insurance producer wishing to do business under any name other than their legal name must notify the Commissioner:
Sign Up Forgot Password?