California Laws and Ethic Pertinent to Insurance Bundled Exams with complete solution

What does not have to be included on life insurance policy illustration? - Statements that all values and benefits are guaranteed Life insurance surplus must be distributed to policy owners at what frequency? - Annually The free-look period for life insurance policyowners age 60 or older is - 30 ...

Why is a life insurance policy's delivery date important? - The free look begins on the policy delivery date An agent's attempt to stop the replacement of an existing life insurance policy is known as - conservation Which of the following does not have to be included on life insurance policy i...

Anyone employed in California to assist an insurance agent in transacting insurance is called an insurance - solicitor a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? - Theft According to the California Insurance Code, what is "insurance"? - A contr...

The cost of services charged by the Health Insurance Counseling Advocacy Program (HiCap) is $25 per appointment - no cost Which of the following acts is NOT a Federal offense committed by an insurance agent? - Misrepresentation on an insurance application The California Life and Health Insurance...

The California Insurance Code defines "policy" as a(n) accepted offer promissory arrangement written contract written quotation - written contract A "policy" as described by the California Insurance Code is a written contract in which one party promises to indemnify another against loss th...

Anyone employed in California to assist an insurance agent in transacting insurance is called an insurance - solicitor a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? - Theft According to the California Insurance Code, what is "insurance"? - A contr...