CA PSI Site Life Examination Test with Questions and Answers

CA PSI Site Life Examination Test with Questions and Answers it is considered an unfair method if competition for an agent to advertise that the insurer the agent is appointed with is ANSWER a member of the insurance guarantee association all of the following are requirements of contract EXCEPT ANSWER there must be equal consideration between the parties If an insurer must have its rates accepted by the insurance Department prior to using them, the insurer would be operating in which of the following types of jurisdictions? ANSWER prior approval it sis federal offense for an insurance agent to do all of the following EXCEPT ANSWER misrepresent facts on an insurance application how often MUST an insurer file the National Association of Insurance Commissioners (NAIC) financial starement? ANSWER annually A person authorized by and on behalf of an insurer who transacts life, disability or life and accident and health insurance is defined as a ANSWER life agent An insurer entitled to transact business by complying with the California Insurance Code is known as an ANSWER admitted carrier