California Life-Only Agent Exam, The Insurance Marketplace, Producers, Ethics and California Law: all 36 questions

All questions from the The Insurance Marketplace, Producers, Ethics and California Law section for California Life-Only Agent Exam, each with the correct answer.

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
3007Under California Insurance Code section 1631, which of the following is prohibited?
3008Under federal law cited in the examination objectives, which crime is covered by 18 U.S.C. sections 1033 and 1034?
3009A life settlement broker represents
3010To transact life settlements on behalf of a policy owner in California, a life agent must
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?
3017How much subsequent annuity training must a life agent complete before each license renewal?
3018Is long-term care training required when an agent sells an accelerated death benefit rider that does not require personal care services?
3019Which phrase best summarizes the first ethical principle in the objectives for life agents?
3020A client asks an agent to compare products. The agent states that a competitor's insurer is nearly bankrupt, without evidence. This violates which ethical principle?
3021The California Insurance Code and Code of Regulations are
3022An agent explains a policy to a client using plain language rather than jargon. Which ethical principle does this support?
3023California Insurance Code sections 785 through 789.10 contain special rules for
3024The difference between an admitted and a nonadmitted insurer is that an admitted insurer
3025An insurer incorporated in California is called a
3026An insurer organized in Canada and doing business in California is a
3027A primary insurer that transfers part of its risk to another insurer through reinsurance is called the
3028In a mutual insurance company, divisible surplus is usually returned to policyowners as
3029Which of the following is a function of an insurer's actuarial division?
3030Who may enforce the California Unfair Practices Act (Insurance Code sections 790 through 790.15)?
3031Which of the following is a privacy law covering insurers and producers that handle personal information?
3032The California Life and Health Insurance Guarantee Association (CLHIGA) exists to
3033A person who signs a false insurance claim form may be guilty of
3034In California statutes, the word shall means
3035Under the Fair Claims Settlement Practices Regulations, which of the following is a proof of claim?
3038Which record rule applies to claim files under California Code of Regulations Title 10, section 2695.3?

California Life-Only Agent Exam, The Insurance Marketplace, Producers, Ethics and California Law: all 36 questions

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