Ch.12

A representation may be altered or withdrawn

only before the insurance is in effect

According to the California Insurance Code, what is the maximum penalty per violation for anyone who unwillfully commits an unfair method of competition?

$5,000 (If the act is determined to be willful, the fune will not exceed $10,000 per act.

Which of the following is not considered to be an unfair claims settlement practice?

Advising a claimant to hire an attorney

The California insurance code allows an individual how many days to cancel a life policy for a full-refund?

Between 10 and 30 days

What is an insurance solicitor authorized to do?

Help an agent or broker sell insurance

An insurance company entitled to transact business in California is called a(n)

admitted carrier