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10/2/20

[Answer] When the Commissioner suspects a producer is engaged in Unfair Methods of Competition or deceptive practices a hearing may be held after giving the person advance notice of at least how many days?10 days30 days20 days60 days

Answer: 10 daysHearings are held 10 days after a notice of hearing notification.




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When the Commissioner suspects a producer is engaged in Unfair Methods of Competition or deceptive practices a hearing may be held after giving the person advance notice of at least how many days?10 days30 days20 days60 days A producer who continues to transact insurance after the Commissioner has suspended his license may be fined a maximum of: A. $100 and jailed for up to 1 year B. $5 000 and jailed for up to 5 years C. $10 000 and jailed for up to 10 years D. $15 000 and jailed for up to 15 years CHAPTER 46 QUIZ Section _____ of the _____ Act prohibits unfair methods of competition and unfair or deceptive acts or practices in or affecting commerce. A. 5; Federal Trade Commission Your answer is correct. B. 5; Consumer Financial Protection Bureau C. 5; Clayton D. 1; Sherman E. 7; Robinson-Patman Section _____ of the _____ Act prohibits contracts combinations and conspiracies … a. may prompt a company to change its practices . b. are regulated by the Federal Trade Commission. c. can only be developed by large institutional investors. d. may be brought to a proxy vote by any stakeholder. e. are the least effective type of shareholder activism. Q2. if after a hearing the department of insurance determines that a producer or an insurer has committed an unfair trade practice the department may issue an order requiring the person to cease and desist from engaging in the method of competition act or practice and/or … 10. The Sherman Act applies to: 11...


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