TPCI - Tennessee Property and Casualty Insurance Exam

Question 1: Tennessee does not maintain a stand-alone insurance department. Instead, insurance oversight is housed inside a combined state agency whose Commissioner enforces the insurance laws and whose Insurance Division licenses producers and business entities. Which of the following is that regulating agency in Tennessee?

Tennessee Department of Insurance

Tennessee Insurance Regulatory Board

Tennessee Department of Commerce and Insurance

Tennessee Division of Financial Institutions

Question 2: Tennessee law provides that only a licensed individual producer or limited lines producer may perform a specific regulated activity involving contracts of insurance in the state. This three-part activity defines who must hold a producer license. Which activity does Tennessee reserve to licensed producers?

Selling, soliciting, or negotiating insurance

Signing completed insurance applications only

Collecting renewal premiums only

Adjusting first-party property claims

Question 3: Tennessee permits a business entity to hold an insurance producer license, but the entity must designate one person who is responsible for the entity's compliance with the state's insurance laws and rules. Which individual must the entity designate for that compliance role?

Any full-time salaried employee

The firm's outside legal counsel

A majority of its shareholders

A principal or officer, licensed as producer

Question 4: A Tennessee individual producer license runs for a two-year term tied to the licensee, but a business entity license carries a different, fixed common expiration mechanic that is the same date for every entity. On what schedule does a business entity license expire?

On the licensee's birthday each year

Every two years on March first

On the issue-date anniversary yearly

Every three years on July first

Question 5: When a Tennessee producer receives premium money in the course of soliciting, negotiating, or selling insurance, state law fixes the legal character in which the producer holds those funds, and breaching that duty is grounds for license revocation. How does the producer hold that money?

As the producer's earned property

As a general debt of the agency

In a fiduciary capacity

In trust only above a set amount

Question 6: Tennessee treats certain narrow categories as limited lines whose applicants are excepted from the written producer examination, reflecting the restricted scope of authority involved. Among the following coverages, which one does Tennessee recognize as such a limited line exempt from the written examination?

Homeowners insurance

Personal automobile insurance

Commercial general liability

Travel insurance

Question 7: A Tennessee resident applicant who passes the licensing examination through the testing vendor cannot immediately submit the electronic license application. State procedure imposes a mandatory waiting interval measured from the moment the examination is taken. How long must the applicant wait before filing electronically?

Forty-eight hours

Ten days

Twenty-four hours

Fifteen days

Question 8: An applicant who fails the Tennessee licensing examination on the first attempt is barred from retaking it immediately. Tennessee sets one waiting period before a first re-take and a longer period before each subsequent attempt. How long must the applicant wait before the first re-take?

Twenty-four hours

Thirty days

Ten days

Forty-eight hours

Question 9: Before a Tennessee resident producer applicant submits the license application, state procedure requires completion of a specific vendor-administered screening at least two business days in advance, confirming the applicant's criminal history. Which requirement must be completed before the application is filed?

A credit-history review by the Commissioner

A fingerprint-based criminal background check

A pre-licensing ethics interview

A financial-responsibility bond filing

Question 10: Tennessee issues both resident and nonresident producer licenses, and both full producers and limited lines producers, on the same renewal cycle. State law states a single renewable term applicable to every one of those individual licensees. What is that license term in Tennessee?

One year

Three years

Four years

Two years

Question 11: A licensed Tennessee producer who moves and changes a residence or business address must notify the Commissioner of the change within a period fixed by statute, using the Department's change-of-address process. Within what period must the producer report an address change?

Within thirty days

Within ten days

Within ninety days

Within five days

Question 12: A Tennessee producer against whom another state's insurance regulator takes an administrative action must report that action to the Commissioner. State law fixes both the deadline and the event that starts the clock running. When must the producer report the administrative action?

Within ten days of the ruling

Within thirty days of the arrest

Within thirty days of final disposition

Within sixty days of notice

Question 13: Separately from administrative actions, a Tennessee producer facing a criminal prosecution must notify the Commissioner. The reporting duty attaches early in the criminal process, well before any verdict, at a specific procedural event identified by statute. When does Tennessee require the producer to report the prosecution?

Within thirty days of conviction

Within thirty days of indictment

Within thirty days of sentencing

Within thirty days of initial pretrial hearing

Question 14: When a Tennessee insurer appoints a producer to represent it, the insurer pays a set fee for each appointment, now collected electronically through the national registry. The statute fixes this per-appointment charge. What appointment fee does Tennessee impose for each producer appointment?

Fifty dollars per appointment

Fifteen dollars per appointment

Thirty dollars per appointment

Sixty dollars per appointment

Question 15: Tennessee conditions each producer license renewal on completing approved continuing education during the two-year renewal cycle, and it requires a defined portion of those hours to concentrate on one particular subject area. Which statement correctly captures Tennessee's biennial continuing education mandate for its producers?

Twenty-four hours, three in ethics

Twelve hours, two in ethics

Forty hours, five in ethics

Twenty hours, four in ethics

Question 16: Tennessee exempts a narrow group of long-tenured producers from the continuing education requirement entirely. The exemption depends on unbroken licensure reaching back to a specific date, and any lapse in that licensure breaks the qualifying condition. Which producers does Tennessee exempt from continuing education?

Producers older than sixty-five

Producers licensed over ten years

Producers holding a college degree

Continuously licensed since nineteen ninety-four

Question 17: On top of the general biennial continuing education hours, Tennessee requires producers who write a particular federally influenced coverage to complete a specific one-time course, which counts toward the general hours for a single biennium. Which additional training does Tennessee impose on these producers?

A one-time eight-hour annuity course

A yearly four-hour cyber course

A one-time three-hour flood course

An annual ten-hour ethics course

Question 18: A Tennessee producer collects premiums from clients but diverts the money to personal use instead of remitting it to the insurer. The Commissioner reviews the conduct against the enumerated grounds for license action. Which ground most directly describes this producer's misconduct?

Misappropriating premium funds

Filing a late address change

Missing continuing education hours

Failing to display the license

Question 19: For violations occurring on or after the current penalty statute's effective date, the Tennessee Commissioner may impose a monetary penalty on a licensee for each ordinary violation, subject to an overall ceiling. Which figures state the per-violation maximum and the aggregate cap for ordinary violations?

Five hundred dollars, fifty thousand aggregate

Twenty-five thousand dollars, two hundred fifty thousand

Ten thousand dollars, one hundred thousand aggregate

One thousand dollars, one hundred thousand aggregate

Question 20: Tennessee raises the penalty ceilings when a licensee does not merely violate a rule but does so knowingly. In that situation the per-violation maximum and the aggregate cap both increase substantially above the ordinary limits. Which figures apply to a knowing violation in Tennessee?

One thousand and one hundred thousand

Twenty-five thousand and two hundred fifty thousand

Ten thousand and one hundred thousand

Fifty thousand and five hundred thousand

TPCI Tennessee Property and Casualty Insurance Exam - Set 1 - Part 1