Question 3024 of 303 · California Life-Only Agent Exam
The difference between an admitted and a nonadmitted insurer is that an admitted insurer
Exactly one answer is correct.
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Correct answer to question 3024
- D: is licensed by the California Department of Insurance
Explanation
A nonadmitted insurer is not authorized in California and its policyholders do not have access to the state guaranty association. Acting for one without being a surplus line broker is prohibited.
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