Quiz 3
Which of the following is a description of a life and disability analyst
A person listens to advise clients about life and disability insurance for a fee
Select the choice which best describes an insurance agent:
A person who for compensation transacts insurance on behalf of the insurer
Which of the following actions were not fall under the definition of execution of a policy
Advertising
The California insurance code cites a specific definition for a life agent a life agent is
All of the above are false
Which of the following describes a natural person employed to aid in an agent or broker in transacting insurance other than life disability or health insurance
And insurance solicitor
Ramen an agent who represents a sterling insurance company advertises in the Yellow Pages Ramen no longer has a contract to sell for Sterling but it's in Sterling has such a good name he decides to that I'd run again this would be considered
Apparent authority
Which of the following is an express authority of an agent in an agency agreement
Authority to represent the insurer
The mass marketing system that uses the mail as a method to reach people and gain interest on insurance product is
Direct response
Which is not part of transacting insurance
Establishing a list of clients
Exclusive agent's
Generally represent only one insurer
Julie is a licensed insurance sales person who represents a Silverdollar insurance company. If you were to look at the front of her office you will see a sign reads Silverdollar insurance company Julie insurance agency If Julia performs acts that are not specifically named in the contract she has with the Silverdollar she is exercising her ___________ authority
Implied
A person who acts in a capacity that requires an active license without having a valid license is guilty of a
Misdemeanor
It is a federal offense for an insurance agent to do all the following except
Misrepresent facts on an insurance application
Insurance solicitation includes all of the following activities except
Publishing in a newspaper in which one of the advertisers is an insurance agent
The insurance Code. definition of an insurance broker is
Someone paid to transact insurance on behalf of another person but not on behalf of the insurer
The direct responsible distribution of insurance utilize all the following to promote the sale of insurance except
Telephone call from an agent
All the following are considered insurance transactions except
The agency installs new premium account software
Which of the following often acts as a field underwriter
The agent
And which of the following dates does the authority given to a license from an insured to transact insurance become more effective
The date the insurer signs a notice of appointment
Who has ownership of her nose between the director writer and captive agent
The direct writer
Who has ownership of renewals between an insurer in an independent agent
The independent agent
24 hour coverage can be defined as
The issuance of a Worker's Compensation policy with a disability insurance policy
Real life settlement broker is a commission and or fee for the work he or she does on his behalf
The owner
It is a violation of the California insurance code to act as an agent for a non-admitted carrier unless
The producer is a surplus line broker
Life in Alyssa's allowed to charge a fee for services provided as long as it is stated in writing in advance of performing the services each of the following must be included in this written agreement except
The services will which will be performed and provided but for which no fee will be charged