a check or money order made payable to the agent instead of the insurer
Which of the following is NOT a penalty the Commissioner may impose for unfair insurance trade practices?
A refund of any overcharges
Charge an insurance producer with criminal negligence
No insurance producer may make a statement which misrepresents the terms of a contract, including the _________ benefits and required premiums, or __________ intended to deceive.
insurance, a claim
required, a promise
necessary, a claim
promised, an estimate
To avoid deception what three criteria must advertisements meet?
Complete, clear, and truthful
No insurance producer may make any misrepresentation for the purpose of inducing a policyholder to ___________________________.
lapse on his current insurance
overpay on his current policy
lapse on his current insurance and take out another policy.
If, after investigation by an independent public accountant, the insurer is found to have misstated his financial condition, the board of directors and the Commissioner must be notified within how many business days?
10
7
30
5
No insurance producer may make an oral or written statement which is false or maliciously critical of the financial condition of any person, and which is calculated to injure. Included in this are advertisements which may not perform which of the following?
disparage competitors
disparage competitors policies
disparage competing methods of marketing business
all of the above
No

Pages: 121