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Chapter 3

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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Question
Answer
A licensee may surrender his/her license:   show
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The actuarial department is responsible for:   show
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According to the qualifications of an insurer under the California Code a person can be any of the following EXCEPT:   show
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Informational records must be kept a minimum of:   show
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show anyone as an incentive to acquire some other type of business.  
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Insolvency means:   show
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What is the difference between an admitted and a non-admitted insurer?   show
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show Vendors  
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show 60 days  
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A subsidiary formed to insure the parent company is called a(n):   show
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show advertising, promoting and distributing an insurer`s products to the public.  
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Which of the following is NOT true about the California Insurance Code and the California Code of Regulations.   show
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In order to update, add or change a statute a bill must be passed by the legislature and then presented to the governor. If the statute is passed, it will go into   show
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Records must be made available to the Commissioner:   show
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A Property and Casualty Agent is required to continue their education by completing:   show
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For an agent or solicitor to be valid to transact requires:   show
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Transacting via internet with a California resident would not require   show
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show After the department is notified within 30 days and the changes are approved  
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show Their license to sell insurance, displayed in a place where it can be easily seen.  
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________ refers to the inability of the insurer to meet its financial obligations when they are due.   show
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show Application paperwork  
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show license fees paid late by either agent or insurer termination of license  
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Every licensee shall prominently put their license number on all of the following except:   show
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Which of the following is not a person under the Code?   show
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show 5 years  
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If a license is in the possession of the insurer or the licensee`s employer, the licensee may surrender his/her license:   show
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show The name is politically connected to the government.  
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show client co-signing a loan  
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show a notice of appointment to do business in the state.  
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An organization ceases to exist as an entity eligible to hold a license upon all of the following EXCEPT:   show
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If someone has a Life Agent Combo and a Property/Casualty license for 10 years, then how many CE hours would be required in the current license term?   show
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After providing an opportunity for a hearing, the Commissioner may deny an application for a license based on the following reasons EXCEPT:   show
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Created by: jmlawry
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