random

which of the following named beneficiaries would not be able to receive the death benefit directly from the insurer in the event of the insureds death

A minor son of the insured

all of the following are examples of violations of replacement except

Advising an applicant to answer questions correctly

which of the following is true about a class designation

Beneficiaries are not identified by name

which of the following is issued by the state department of insurance to show that the insurer has power to write insurance contracts in that state

Certificate Authority

which of the following acts is not considered to constitute an act of transacting insurance

Filing forms with the department

The president of a company is starting an annuity and decides that his corporation will be the annuitant. Which of the following statements is true?

The annuitant must be a natural person.

If the State Insurance Department believes that a producer may be in violation of an insurance law or regulation, what may be issued?

cease and desist order

Agents who persuade insureds to cancel a policy in favor of another one when it might not be in the insured's best interest are guilty of

twisting

an insurer must be able to rely on the statements in the application and the insured must be able to rely on the insurer to pay valid claims. in the forming of an insurance contract this is referred to as

utmost good faith

a legally accepted attempt by an existing insurer to persuade their client to continue an existing life insurance policy in force when a written communication is received from a replacing insurer is called

conservation