Question 3010 of 303 · California Life-Only Agent Exam
To transact life settlements on behalf of a policy owner in California, a life agent must
Exactly one answer is correct.
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Correct answer to question 3010
- B: also be licensed as a life settlement broker
Explanation
A life agent license alone does not authorize brokering of life settlements. A separate life settlement broker license is needed.
More questions: The Insurance Marketplace, Producers, Ethics and California Law
- 3011What is the purpose of errors and omissions insurance for an agent?
- 3012Which of the following is prohibited under California Insurance Code section 777.1?
- 3013An insurer must keep records of producers and policies for what reason, according to Insurance Code sections 10508 through 10508.5?
- 3014Which of the following describes a fiduciary duty of an insurance producer under California law?
- 3015A life agent who also holds a property and casualty license must complete how many hours of continuing education, with how many in ethics?
- 3016A California life agent who sells annuity products to individual consumers must complete how much initial training before soliciting sales?