12 - California Laws And Ethics Pertinent To Insur
12 - California Laws and Ethics Pertinent to Insur
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12 - California Laws and Ethics Pertinent to Insurance Questions And Correct Answers |100% Verified |Guaranteed Success
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12 - California Laws and Ethics Pertinent to Insur
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12 - California Laws And Ethics Pertinent To Insur
Anyone employed in California to assist an insurance agent in transacting insurance is called an
insurance - Answer-solicitor
a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? - AnswerTheft
According to the California Insurance Code, what is "insurance"...
12 - California Laws and Ethics Pertinent to Insurance Anyone employed in California to assist an insurance agent in transacting insurance is called an insurance - Answer -solicitor a life agent who has misappropriated fiduciary funds to his own use. What is Pete guilty of? - Answer -
Theft According to the California Insurance Code, what is "insurance"? - Answer -A contract A person who asserts a right of recovery under an insurance policy is called - Answer -claimant According to the California Insurance Code, what term is used to describe a fact so important it could affect the policy premium? - Answer -Materiality Why is a life insurance policy's delivery date important? - Answer -The free -look period begins on the policy delivery date What does the term "indemnity" mean as it pertains to insurance? - Answer -To make whole Which of the following does the California Insurance Code NOT require an insurance policy to specify? - Answer -Insurer's financial rating When handling premiums for an insured, an agent is acting in which capacity? - Answer -Fiduciary What is required after a life agent sells an insurance policy to an applicant without being appointed by the insurer? - Answer -Notice of appointment must be submitted to the Commissioner An agent's attempt to stop the replacement of an existing life insurance policy is known as - Answer -
conservation Under the California Insurance Code, a licensee's license number must be printed at what size on all price quotes, business cards, and printed material? - Answer -The same size print as the licensee's phone number, fax number or address Life insurance surplus must be distributed to policyowners at what frequency? - Answer -Annually All of these are reasons the Commissioner may disapprove a licensee's request to use a fictitious name EXCEPT - Answer -The name is the licensee's actual name Which of the following does the California Department of Insurance (CDI) have NO jurisdiction over? - Answer -Medicare Which word implies permissiveness according to the California Insurance Code? - Answer -May Any changes in background information that occur after a producer application has been submitted or a license has been issued MUST be reported to the Insurance Commissioner within - Answer -30 Days The California Insurance Code defines "policy" as a(n) - Answer -written contract According to the California Insurance Code, which of the following is NOT an example of an insurable event? - Answer -An insured suffers a financial loss in the state lottery According to the California Insurance Code, what is the maximum penalty per violation for anyone who unwillfully commits an unfair method of competition? - Answer -$5,000 The free -look period for life insurance policyowners age 60 or older is - Answer -30 Days! What prevents a life insurance policy from being rescinded by the insurer after being in force for two years? - Answer -Incontestability clause The California Life and Health Insurance Guarantee Association covers all of these types of policies, EXCEPT - Answer -Self-funded plans
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