Question 3038 of 303 · California Life-Only Agent Exam
Which record rule applies to claim files under California Code of Regulations Title 10, section 2695.3?
Exactly one answer is correct.
You got of questions right. Here on the question pages nobody remembers which ones you got wrong. The trainer saves your progress and asks the mistakes again until they stick.
Or free: the 10 questions most people get wrong
Show solution
Correct answer to question 3038
- B: Files must show how the claim was handled
Explanation
Section 2695.3 requires claim files to be complete enough that the regulator can reconstruct events and dates. The retention period is a separate detail.
More questions: The Insurance Marketplace, Producers, Ethics and California Law
- 3001Under California Insurance Code section 1626(a)(1), a life agent is authorized to transact
- 3002A person who, on behalf of an insurer, transacts life and accident and health insurance in California is called
- 3003California has a license category called life solicitor.
- 3004Which type of authority is the agent's power to act that is spelled out in the agent's contract with the insurer?
- 3005A client reasonably believes an agent can accept an application on the insurer's behalf because the insurer gave the agent a sign and supplies. This is
- 3006In California, the legal relationship between an insurance agent and the insurer is generally that the agent represents