EXAM 3 46-56

Which of the following would be considered an unfair claims settlement practice?

ADVISING THE INSURED THAT IF THE CLAIM GOES TO ABITRATION, THE INSURED WOULD PROBABLY RECIEVE LESS THAN WHAT ID CURRENTLY BEING OFFERED

51.An insurance producer just sold an insurance policy to his sister. What kind of business is this

CONTROLLED

Which of the following would NOT be considered an unfair and deceptive practice?

CONTROLLED BUSINESS

50.Which of the following terms describes making false statements about the financial condition of any insurer that are intended to injure any person engaged in the business of insurance?

DEFAMATION

Which of the following will NOT be considered fair discrimination by insurers

DISCRIMINATING IN BENEFITS AND COVERAGES BASED ON THE INSURED HABITD AND LIFESTYLE

It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability

SEXUAL ORIENTATION

All of the following are unfair claims settlement practices EXCEPT

SUGGESTING NEGOTIATIONS IN SETTLING THE CLAIM

56.When twin brothers applied for life insurance from Company A, the company found that while neither of them smoked and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. Because of this, the company charged him a higher rate for his insurance. This practice is considered

DISCRIMINATION

52.Producers will be deemed to be using their license primarily to write controlled business if, during any 12-month period

THE TOTAL PREMIUMS ON CONTROLLED BUSINESS EXCEED THE TORAL PREMIUMS ON ALL OTHER BUSINESS WRITTEN

Producers will be deemed to be using their license primarily to write controlled business if, during any 12-month period

THE TOTAL PREMIUMS ON CONTROLLED BUSINESS EXCEED THE TOTAL PREMIUMD ON ALL OTHER BUSINESS WRITTEN