to All Lines
_____ identification described as any inducement provided to the insured within the sale of
coverage merchandise that is not targeted within the policy. Both the offer and popularity of that
is _____. - ANS-Rebating; unlawful
_____ is in the nation.
_____ is in every other kingdom.
_____ is out of the country. - ANS-Domestic; Foreign; Alien
A _____ is needed as a way to transact insurance. - ANS-Certificate of Authority
An insurance agency has posted a brochure that inaccurately portrays the advantages of a
selected coverage coverage. What is this an example of?
A. False advertising
B. Unfair claims
C. Twisting
D. Defamation - ANS-A. False advertising and marketing
Each willful violation of the insurance statutes concerning unfair methods of competition might
also result in fines up to _____. - ANS-$5000
(mixture $50,000)
Every insurer transacting life and/or medical health insurance in the stat as an admitted insurer
need to keep club within the ______. - ANS-Guaranty Association
Giving a patron an inducement to a sale no longer said inside the policy is an unlawful practice
known as
A. Rebating
B. Twisting
C. Unlawful Distribution of Dividends
D. Coercion - ANS-A. Rebating
If an applicant makes a false declaration on his/her manufacturer's license software, what's
he/she guilty of?