chapter 15 unknowns

Under the California Annuity Suitability Education Requirements, a life-only agent who sells annuity products to individual consumers must complete ___ hours of subsequent training every 2 years prior to license renewal. A 4 B 3 C 6 D 5

A 4

An employee of an agency must be licensed as a producer if he/she: A Solicits applications and receives commissions B Does not solicit insurance or take applications C Assists a licensed producer but does not receive compensation D Performs only clerical services on an hourly wage

A Solicits applications and receives commissions

After receiving a claim, the insurer must correspond with the claimant at intervals of not less than how many days until the claim is resolved? A - 30 B - 15 C - 21 D - 10

A - 30 An insurer must correspond with the claimant not less often than every 30 days. Following the initial receipt of a claim, the insurer is required to acknowledge the claim within 15 days.

The Commissioner must approve which of the following agency names: A - A bona fide natural name of an individual B - One already filed by another licensee C - One which infers the licensee will engage in activities not permitted under the license D - One which implies that the licensee is an underwriter

A - A bona fide natural name of an individual The Commissioner may disapprove of the use of true or fictitious names that are misleading, but not a bona fide natural name of an individual.

A license which has been revoked may not be reinstated within: A 2 years B 1 years C 3 years D 18 months

B 1 years

If the Insurance Commissioner has reason to believe that a producer has engaged in unfair competition, he/she is required to: A Revoke the producer's license B Advise the producer that he/she is entitled to a public hearing C Levy a fine D Put the producer in jail

B Advise the producer that he/she is entitled to a public hearing

When a producer makes an agreement that unreasonably restrains the potential insured, he/she may have violated regulations against: A Rebating B Boycott, coercion, and intimidation C Unfair discrimination D Defamation

B Boycott, coercion, and intimidation

Which of the following is not an unfair trade practice? A - False advertising B - Replacement of policies C - Illegal inducement to purchase D - Misrepresentation

B - Replacement of policies

All CA resident insurance licenses renew every _____ years on the last day of the month in which the license was originally issued. A 4 B 5 C 2 D 3

2

An agent whose license is suspended for more than ___ years will need to retake the prelicensing course and pass the qualifying exam. A - 5 B - 2 C - 3 D - 4

B - 2

After expiration or cancellation, agents and brokers must keep records of every insurance transaction for at least ___ years. A - 2 B - 5 C - 10 D - 3

B - 5 Records of insurance transactions must be kept on file for at least 5 years after the expiration or cancellation date.

The maximum amount of life insurance death benefit on any one insured life, regardless of the number of policies, covered by the California Life and Health Guarantee Association is: A $300,000 B $500,000 C $1,000,000 D $100,000

A $300,000

A Life and Disability Insurance Analyst must have a written agreement signed in advance stating the service to be performed for a fee, the amount of the fee and must be retained for: A 1 year B 18 months C 2 years D 3 years

D 3 years

Under the California Long-term Care Education Requirements newly licensed agents who intend to market Long-Term Care insurance must complete a(n) _____-hour course in Long-Term Care insurance in each of their first 4 years of licensing (two terms). A 10 B 6 C 12 D 8

D 8

Under the California insurance code, the penalty for unlawfully acting as an insurer without a(n) _____________ is imprisonment (state or county jail) not to exceed 1 year, and/or a fine not to exceed $100,000. A Acknowledgment B Letter of Acceptance C Approval D Certificate of Authority

D Certificate of Authority

An insurance license may be suspended or revoked by the _________ after it has been issued. A Agency B Insurer C NAIC D Commissioner of Insurance

D Commissioner of Insurance

The Insurance Commissioner has the authority to: A Set insurance premium rates B Write laws relating to insurance C Amend existing insurance laws but not write new ones D Enforce laws relating to insurance

D Enforce laws relating to insurance

When a producer, agent, or broker makes a false statement about the benefits or the nature of an insurance policy, the person is guilty of: A Twisting B Intimidation C Defamation D Misrepresentation

D Misrepresentation

Which of the following is an example of concealment? A - Mary indicates on her application that her annual mileage is 15,000, when she knows that she drives more than 450 miles per week to and from work B - Mary tells her agent she paid a traffic citation for speeding ten days ago, but her agent marks the application 'No' without Mary's knowledge because he knows the ticket will not show up on her driving record for at least 90 days C - Mary inadvertently answers 'No' to the question, 'Have you been involved in more than one traffic collision in the past three years?' believing her accident happened more than three years ago D - Mary answers 'No' to the question 'Have you been convicted of driving under the influence in the past ten years?' when she is scheduled to appear for trial for a DUI arrest tomorrow morning

D - Mary answers 'No' to the question 'Have you been convicted of driving under the influence in the past ten years?' when she is scheduled to appear for trial for a DUI arrest tomorrow morning Concealment involves the failure to communicate known information or information material to a risk. An inadvertent or intentional incorrect answer is a misrepresentation, not a concealment, even if committed by the agent without the insured's knowledge. Failure to communicate an upcoming trial for a traffic offense is a concealment of material information, even though the answer may be technically correct.

The Commissioner may suspend or revoke a license or certificate of authority, not to exceed ______ year(s), of anyone for willfully violating the prohibition on arranging for the sale of free insurance. A 1 B 2 C 4 D 3

A 1 Under the California Insurance Code the Commissioner may suspend or revoke a license or certificate of authority not to exceed 1 year of anyone for willfully violating the prohibition on arranging for the sale of free insurance.

An individual license will automatically terminate immediately upon the death of the licensee or if the license has not been renewed within _____ months following its expiration. A 12 B 18 C 36 D 24

A 12 Under the California Insurance Code, an individual license will automatically terminate immediately upon the death of the licensee or if the license has not been renewed within 12 months following its expiration.

The California Insurance Code requires all producers who meet with established clients age 65 and older in their homes for the purpose of transacting life insurance, annuities, or disability insurance products to provide the required written notice: A No later than at the time of an appointment B No later than at the time of application C At least 12 hours in advance of the meeting D At least 24 hours in advance of the meeting

A No later than at the time of an appointment

Which of the following is considered the responsibility of the California Commissioner of Insurance? A Established policies and procedures for dealing with insurer insolvency B Alters or amends insurance legislation as passed by the state legislature or governing body C Issues a Certificate of Authority to any insurer that requests one D Sets insurance rates

A Established policies and procedures for dealing with insurer insolvency

Regarding Proof of Notice under the California insurance code, the __________ is responsible for notifying the insurer of address changes including any change of email address. A Beneficiary B Policyowner C Agency D Agent

B Policyowner

The California Insurance Code requires all producers who meet with prospective clients age 65 and older in their homes for the purpose of transacting life insurance, annuities, or disability insurance products to first provide a written notice of the first meeting at least _____ hours in advance. A 24 B 96 C 48 D 72

A 24

Under the California Insurance Code, the Commissioner has continuing authority to act against a former agent whose license has been surrendered or expired for up to: A 5 years B 6 years C 7 years D 10 years

A 5 years

Failure of an admitted insurer to accept an application or cancel insurance under conditions less favorable to the insured, except for reasons that apply to all persons of the same marital status, gender, race, color, religion, national origin or sexual orientation is considered: A A discriminatory practice B A method of protecting against adverse selection C Common practice D A felony

A A discriminatory practice

The Commissioner of Insurance has some general duties, which include all of the following, except: A Interpreting and amending state laws relating to insurance B Prescribing procedures to be followed in hearings before the Department or Division of Insurance C Regulation of the internal affairs of the Department or Division of Insurance D Examination of the financial status of each insurer

A Interpreting and amending state laws relating to insurance

A Life Settlement Broker is exclusively the representative of the __________ who seeks to sell his interest in the policy. A Policyowner B Beneficiary C Insurer D Provider

A Policyowner

Insurers and Agents must provide books and records within how many days of request? A 5 B 10 C 30 D 15

C 30

Persons who willfully commit unfair acts and practices may be issued a cease and desist order, carrying administrative penalties of up to how much per act? A $5,000 B $10,000 C $25,000 D $1,000

B $10,000 The Commissioner also has authority to issue cease and desist orders relative to unfair acts and practices enumerated in the Code. Committing any act considered an unfair method of competition or an unfair act or practice recognized by the Code may result in an administrative fine of $5,000 for each such act, up to $10,000 per act when determined to be a 'willful' violation or committed with such frequency that it may be considered a 'general business practice' of the person.

Under California law, a Life Settlement Broker must be a licensed Life-Only agent for more than 1 year or have completed a _____-hour course in life settlements. A 9 B 15 C 12 D 5

B 15

How much time does a licensee have to respond to the Department of Insurance after receiving an inquiry concerning a claim? A 15 calendar days B 21 calendar days C Not more than 72 hours, excluding weekends and holidays D 10 business days

B 21 calendar days

Before a licensed agent may transact insurance, the agent must first be _________ by an admitted insurer or a licensed agency which has a marketing agreement with one or more insurers. A Licensed B Appointed C Certified D Authorized

B Appointed

An insurance license may be suspended or revoked by the _________ after it has been issued. A Insurer B Commissioner of Insurance C NAIC D Agency

B Commissioner of Insurance

Under the California Insurance Code a(n) _____-only agent is a person authorized to transact insurance coverage on human lives including endowments and annuities. A Life Settlement B Life C Accident and Health D Property and Casualty

B Life

Which is not a duty of the Commissioner? A Structuring and controlling insolvency procedures B Writing insurance laws C Keeping books and records on file D Inquiring into violations of insurance law

B Writing insurance laws

All Internet advertisements by nonresident agents directed to California insurance consumers must clearly indicate the: A Phone number B Home address C Email address D State of resident licensing

D State of resident licensing

Which of the following statements is incorrect? A Insurance producers must be aware of both the Insurance Code and the Code of Regulations B The Insurance Code identifies many ethical situations which may arise C Ethics are based on an accepted standard of right and wrong behaviors D The Insurance Code identifies all possible ethical issues which may arise

D The Insurance Code identifies all possible ethical issues which may arise

Which of the following is not an example of an unfair trade practice? A - False entry B - Discriminating between persons of the same class that have essentially the same hazard C - Misrepresenting the benefits of an insurance policy D - Advertising on the internet

D - Advertising on the internet

Which of the following is not an unfair claims settlement practice? A - Unreasonable delay in claim payment B - Misrepresentation of policy provisions C- Not giving a reasonable explanation when denying a claim D - Attempting to settle claims by arbitration

D - Attempting to settle claims by arbitration

Under the California Insurance Code, the records required to be maintained for each insurance transaction must include all of the following, except: A Amounts and policy numbers of each transaction B Commission disclosures C Dates D Names

B Commission disclosures

Which of the following is considered the responsibility of the California Commissioner of Insurance? A - Sets insurance rates B - Issues a Certificate of Authority to any insurer that requests one C - Established policies and procedures for dealing with insurer insolvency D- Alters or amends insurance legislation as passed by the state legislature or governing body

C - Established policies and procedures for dealing with insurer insolvency

The termination of a contract from the beginning as if it had never existed is called: A Cancellation B Nonrenewal C Lapsation D Rescission

D Rescission

Which of the following is not a responsibility of the Insurance Commissioner? A Set the rates for Workers' Compensation insurance B Reject a requested rate increase for Workers' Compensation insurance C Order rates for Workers' Compensation insurance increased D Order rates for Workers' Compensation insurance reduced

A Set the rates for Workers' Compensation insurance

A Surplus Line Broker must do all of the following, except: A Use only an insurer identified in the List of Approved Nonadmitted Insurers B Not issue a binder for insurance unless prior written approval has been given to the broker by the insurer C Make a diligent search of admitted insurers prior to placing business with a nonadmitted insurer D Report to the Commissioner the effort made to place business with an admitted carrier within 60 days of placing business with a nonadmitted insurer

A Use only an insurer identified in the List of Approved Nonadmitted Insurers

Engaging in an unfair method of competition unwillingly subjects an agent to a civil penalty up to _______ per violation. A - $5,000 B - $500 C - $50,000 D - $1,500

A - $5,000

All licensed producers must complete how many hours of CE to renew their license? A - 24 B - 16 C - 32 D - 8

A - 24

Upon receiving a request for records, insurers and/or agents must deliver the records to the Commissioner within ____ days. A - 30 B - 7 C - 10 D - 60

A - 30

Entering into an agreement that would result in an unreasonable restraint of, or monopoly in the business of insurance is considered: A - Boycott, Coercion, or Intimidation B - Discrimination C - Defamation D - Deceptive Advertising

A - Boycott, Coercion, or Intimidation Entering into any agreement that would result in an unreasonable restraint of, or monopoly in the business of insurance is known as Boycott, Coercion, or Intimidation.

Under the California Insurance Code, all life __________ are agents when transacting life or disability insurance, regardless of the language the insurance company may use in its agency agreements, advertising, or other communication. A - Licensees B - Brokers C - Solicitors D - Applicants

A - Licensees

As a disciplinary measure when a violation of the Insurance Code would justify suspension, revocation or denial of license, the Commissioner may revoke the permanent license and issue a: A - Restricted license B - Probationary license C - Temporary license D - Limited license

A - Restricted license

All of the following are considered duties of the California Insurance Commissioner, except: A - Set insurance rates B - Keep all papers as required by law C - Structure and control insolvency procedures D - Regulate the internal affairs of the Department of Insurance

A - Set insurance rates

Which statement is false of the California Life and Health Guarantee Association? A - The maximum amount that will be paid to a covered person on behalf of an admitted insolvent insurer is $500,000 per life B - Member insurers are those that are admitted to transact insurance in California and are required to participate C - Annuity benefits cannot exceed $250,000 in present value D - The Association establishes a mechanism to pay claims that are unpaid as a result of the insolvency of a member insurer

A - The maximum amount that will be paid to a covered person on behalf of an admitted insolvent insurer is $500,000 per life The maximum amount payable for a life insurance death benefit per life is $300,000.

The California Insurance Code requires all producers who meet with prospective clients age 65 and older in their homes for the purpose of transacting life insurance, annuities, or disability insurance products to first provide a written notice of the first meeting which provides information concerning all of the following, except: A - The name, home address and social security number of all individuals attending the meeting B - Alerts the consumer to the fact that they may have any other persons (family members or advisers) of their choosing at the meeting C - The products that will be discussed D - The right to terminate the meeting at any time

A - The name, home address and social security number of all individuals attending the meeting

What is the maximum number of appointments a producer may accept? A - Unlimited B - 2 C - 1 D - 3

A - Unlimited An agent may be appointed by an unlimited number of insurers, and appointments remain in effect until terminated by either the insurer or the agent, or in the event the agent's license is cancelled.

All internet advertisements directed to California insurance consumers must include the agent's _____________ in addition to the agent's principal place of business. A California insurance license number B Phone number C Home address D email address

A California insurance license number

The purpose of a Certificate of Authority is to: A - Give a producer authority to represent a certain insurer B - Permit an insurance company to transact business C - Allow producers to transact business D - Permit a deceased producer's relative to act for the producer

B - Permit an insurance company to transact business

When a producer offers a prospective insured a portable dishwasher as a bonus for purchasing a policy, he/she could be guilty of: A - Unfair Discrimination B - Rebating C - Coercion D - Misrepresentation

B - Rebating A producer may not offer an insured anything of value as an inducement to purchase insurance.

A person who, for a fee, makes recommendations and advises an insured who has an interest in a life or disability insurance contract of the rights regarding the contract must be licensed as a: A - Life-only agent B - Life and Disability Insurance Analyst C - Broker D - Certified Health Consultant

B - Life and Disability Insurance Analyst Under the California Insurance Code, a Life and Disability Insurance Analyst is a person who, for a fee, advises an insured, beneficiary or person who has any interest in a life or disability insurance contract of his/her rights regarding the contract, reviews clients' incomes, insurance and investments, and makes recommendations.

Funds controlled by the Guarantee Association are used to: A - Subsidize insurer reserves B - Pay claims of insolvent insurers C - Subsidize state premium taxes D - Subsidize investment income losses

B - Pay claims of insolvent insurers

An employee of an agency must be licensed as a producer if he/she: A Assists a licensed producer but does not receive compensation B Solicits applications and receives commissions C Performs only clerical services on an hourly wage D Does not solicit insurance or take applications

B Solicits applications and receives commissions

Which of the following is not a reason why a license may be suspended or revoked after it has been issued? A The licensee has previously engaged in a fraudulent practice or act or has conducted any business in a dishonest manner B The licensee does intend actively and in good faith to carry on as a business with the general public the transactions which would be permitted by the issuance of the license applied for C The licensee has knowingly misrepresented the terms or effect of an insurance policy or contract D The licensee has submitted to the Commissioner a false or fraudulent certificate of prelicensing or continuing education

B The licensee does intend actively and in good faith to carry on as a business with the general public the transactions which would be permitted by the issuance of the license applied for

In California, upon receiving any communication from a claimant, regarding a claim, that reasonably suggests that a response is expected, every licensee shall immediately, but in no event more than _____ calendar days after receipt of the communication, furnish the claimant with a complete response based upon the facts as known. A - 10 B - 15 C - 7 D - 21

B - 15

Which statement is false regarding fraudulent claims in California? A - While investigating suspected fraud claims, insurers and agents will have access to all relevant public records required to be open for inspection B - Any insurer that believes that a fraudulent claim is being made shall report the fraudulent claim to the Bureau of Fraudulent claims within 30 days of such discovery C - Each admitted insurer must maintain a unit to investigate possible fraudulent claims by insureds D - If an insured signs a fraudulent claim form, he/she may be guilty of perjury

B - Any insurer that believes that a fraudulent claim is being made shall report the fraudulent claim to the Bureau of Fraudulent claims within 30 days of such discovery Any insurer that believes that a fraudulent claim is being made shall report the fraudulent claim to the Bureau of Fraudulent claims within 60 days of such discovery.

A Life and Disability Analyst cannot be employed or paid by the insurer and must meet all of the following requirements, except: A - Be a resident of the state of California B - Be at least age 18 C - Pass a written examination prepared by the Commissioner D - Have worked as a life licensee or employee of a licensee for 5 years

B - Be at least age 18

Under the California Insurance Code, the records required to be maintained for each insurance transaction must include all of the following, except: A - Dates B - Commission disclosures C - Names D - Amounts and policy numbers of each transaction

B - Commission disclosures

An agent's license will remain active as long as all of the following requirements have been met, except: A - Renewal fees are paid B - Insurer sales quota C - A Notice of Appointment is on file with the Commissioner D - Continuing education

B - Insurer sales quota

An employee of an agency must be licensed as a producer if he/she: A - Does not solicit insurance or take applications B - Solicits applications and receives commissions C - Assists a licensed producer but does not receive compensation D - Performs only clerical services on an hourly wage

B - Solicits applications and receives commissions

In California, all of the following are true, except: A - 'Pretext interviews' are interviews in which a person pretends to be someone he/she is not, or pretends to represent someone he/she does not in an attempt to gain personal or confidential information B - The notice of appointment of an agent by an insurer must be filed with the Commissioner upon licensing the agent or within 30 days of the appointment C - Any insurer, agent, broker or solicitor who is found to have willfully violated the rules regarding 'free insurance' may have its certificate or license suspended for a maximum of one year D - It is considered a misdemeanor in this state to assist a nonadmitted insurer to transact business unless acting in the capacity of Surplus Lines Broker

B - The notice of appointment of an agent by an insurer must be filed with the Commissioner upon licensing the agent or within 30 days of the appointment The notice of the appointment must be filed with the Commissioner upon licensing the applicant or within 14 days of the appointment.

A Surplus Line Broker must do all of the following, except: A - Not issue a binder for insurance unless prior written approval has been given to the broker by the insurer B - Use only an insurer identified in the List of Approved Nonadmitted Insurers C - Report to the Commissioner the effort made to place business with an admitted carrier within 60 days of placing business with a nonadmitted insurer D - Make a diligent search of admitted insurers prior to placing business with a nonadmitted insurer

B - Use only an insurer identified in the List of Approved Nonadmitted Insurers

Which of the following is not an unfair discriminatory practice: A - Determining insurability using an applicant's sexual orientation B - Using an applicant's birthplace for purposes of identifying the applicant C - Refusing to accept an application due to an applicant's marital status D - Determining insurability using an applicant's race

B - Using an applicant's birthplace for purposes of identifying the applicant

Any insurer who knowingly violates any of the anti-discriminatory practices will be assessed a civil penalty in the amount of ____________, plus any court costs. A $1,000,000-$5,000,000 B $100,000-$500,000 C $1,000-$5,000 D $10,000-$50,000

C $1,000-$5,000

An insurer has _____ days from when an application for life insurance is submitted by a licensed life agent not yet appointed by the insurer, to file a notice of Appointment with the Commissioner. A 28 B 31 C 14 D 21

C 14

After receiving a claim, the insurer must correspond with the claimant at intervals of not less than how many days until the claim is resolved? A 15 B 10 C 30 D 21

C 30 An insurer must correspond with the claimant not less often than every 30 days. Following the initial receipt of a claim, the insurer is required to acknowledge the claim within 15 days.

All Internet advertisements directed to California insurance consumers must include the agent's _____________ in addition to the agent's principal place of business. A Home address B Mail address C California insurance license number D Phone number

C California insurance license number

Under the California insurance code, any notice required to be given to an insured may be provided to the policyowner, insured, claimant, or beneficiary to be notified by electronic transmission if each party: A Has no other way to communicate in a timely fashion B Understands the risks involved C Has agreed D Has access to sending and receiving electronic transmissions on an encrypted basis

C Has agreed

Under the California Insurance Code, all life __________ are agents when transacting life or disability insurance, regardless of the language the insurance company may use in its agency agreements, advertising, or other communication. A Solicitors B Brokers C Licensees D Applicants

C Licensees

Which of the following is not a responsibility of the Insurance Commissioner? A Order rates for Workers' Compensation insurance reduced B Order rates for Workers' Compensation insurance increased C Set the rates for Workers' Compensation insurance D Reject a requested rate increase for Workers' Compensation insurance

C Set the rates for Workers' Compensation insurance

Under the California Insurance Code, there is no such license as Life or Health ___________, only life licensees may transact life and disability insurance, according to their individual licensing. A Producer B Agent C Solicitor D Licensee

C Solicitor

All Internet advertisements by nonresident agents directed to California insurance consumers must clearly indicate the: A Home address B Email address C State of resident licensing D Phone number

C State of resident licensing

An insurer may refuse to accept an application for insurance in which of the following circumstances? A The applicant is not a natural U.S. citizen B The applicant fails to identify his or her gender C The application is incomplete D The applicant is unmarried

C The application is incomplete

Which of the following risks may not be insured by a non-admitted company? A International maritime transportation B Property and liability insurance for aircraft or spacecraft C Workers' Compensation D Marine builders risk

C Workers' Compensation The Insurance Code requires employers to obtain Workers' Compensation insurance only from an admitted insurer.

Under the California Long-term Care Education Requirements newly licensed agents who intend to market Long-Term Care insurance must complete a(n) _____-hour course in Long-Term Care insurance in each of their first 4 years of licensing (two terms). A - 6 B - 10 C - 8 D - 12

C - 8

Under the California Long-term Care Education Requirements, long-term care training is also required when an agent is transacting accelerated death benefits or riders that require services to the __________ ill insured, such as a long-term care rider. A - Acutely B - Seriously C - Chronically D - Terminally

C - Chronically Under the California Long-term Care Education Requirements, long-term care training is also required when an agent is transacting accelerated death benefits or riders that require services to the chronically ill insured, such as a long-term care rider.

A person will be deemed to be transacting insurance when the person advertises on the internet, and does any of the following, except: A - Communicates with a California resident regarding one or more terms of an agreement to provide insurance on an insurance policy B - Accepts an application for coverage from a California resident C - Communicates an invitation to inquire D - Provides an insurance premium quote to a California resident

C - Communicates an invitation to inquire

The Insurance Commissioner may examine the records of an insurer in order to: A - Evaluate an insurer's claims process prior to recommending it to the Chamber of Commerce B - Determine whether the insurer's information technology is up to date C - Determine the insurer's solvency D - Assess the insurer's value on behalf of prospective investors

C - Determine the insurer's solvency

An insurer cannot consider sexual orientation in its underwriting criteria or use marital status, living arrangements, occupation, sex, beneficiary designation or Zip Code to determine whether to require a test for the presence of: A - Diabetes B - Cancer C - HIV D - Heart conditions

C - HIV

Which statement is true of the California Insurance Code? A - It may be revised by the Commissioner at his/her discretion B - It establishes that the Department of Insurance will be headed by a Commissioner appointed by the Governor C - It establishes as a goal that policies be reasonably priced and widely available D - It identifies many unethical practices and serves as a complete guide to ethical behavior

C - It establishes as a goal that policies be reasonably priced and widely available

Which statement is true of the California Insurance Code? A It identifies many unethical practices and serves as a complete guide to ethical behavior B It establishes that the Department of Insurance will be headed by a Commissioner appointed by the Governor C It may be revised by the Commissioner at his/her discretion D It establishes as a goal that policies be reasonably priced and widely available

D It establishes as a goal that policies be reasonably priced and widely available

Under the California Insurance Code, an Insurance Solicitor is employed to aid a property and casualty broker-agent acting as an insurance agent or insurance broker in transacting ____________ insurance. A Disability B Health C Life D Property and casualty

D Property and casualty Under the California Insurance Code, an Insurance Solicitor is employed to aid a property and casualty broker-agent acting as an insurance agent or insurance broker in transacting insurance other than life, disability, or health.

The California Insurance Code requires all producers who meet with prospective clients age 65 and older in their homes for the purpose of transacting life insurance, annuities, or disability insurance products to first provide a written notice of the first meeting which provides information concerning all of the following, except: A Alerts the consumer to the fact that they may have any other persons (family members or advisers) of their choosing at the meeting B The right to terminate the meeting at any time C The products that will be discussed D The name, home address and social security number of all individuals attending the meeting

D The name, home address and social security number of all individuals attending the meeting

Which of the following is true regarding the California Insurance Guarantee Association? A It gives producers, agents, and brokers an excellent tool to induce prospects to purchase insurance B Membership in the Association is voluntary on the part of insurers C Membership in the Association is voluntary on the part of producers, agents, and brokers D The primary purpose is to protect insureds from insurers that become insolvent

D The primary purpose is to protect insureds from insurers that become insolvent