which if the following would an agent be guilty of for misrepresenting the amount of dividends a policy
will pay? -
✔✔
a misdemeanor
what rule is used to determine the importance of a representation? -
✔✔
the materiality of concealment
which of the following is a hazard? -
✔✔
a condition that. may increase the likelihood of a loss occurring
when are parties to a contract REQUIRED to communicate information solely based on personal
judgment for a matter in question? -
✔✔
never
according to the California Insurance Code, if an insurer's certificate of authority is revoked, the
Commissioner can proceed with any of the following actions EXCEPT -
✔✔
using Guarantee Funds to pay
salaries
Section 1792.2 of the California Insurance Code requires producer applications and licensees to notify
the Insurance Commissioner is writing, within __ days of charges in background information after an
application had been submitted or a license has been issued. -
✔✔
30
The insurer's department with PRIMARY responsibility for the risk selection process is called: -
✔✔
underwriting
A person owns a life annuity. He elects to receive his annuity payment monthly for the remainder of his
life with "ten years certain". The annuity will make payments -
✔✔
for a minimum of 120 months and a
maximum of the remainder of his life.
All of the following information is gathered during the personal financial planning process EXCEPT -
✔✔
a
listing of a person's civic and professional organization memberships
Which policy provision allows an insured to continue coverage under a previously lapsed policy? -
✔✔
the reinstatement provision
