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