Chapter 12 - Washington laws Complete Questions & Answers!!
A producer's fiduciary responsibility includes which of the following activities? - Recording the receipt and distribution of premiums due to an insurer - Properly remunerating persons who furnish leads on prospects - Providing needed insurance to prospective insureds through any sources that are available - Guaranteeing payment to insureds for losses covered by policies that the producer sold - ANSWER Recording the receipt and distribution of premiums due to an insurer Group life insurance policies must include a provision entitling policyholders to grace period of - 10 days - 31 days - 90 days - 1 year - ANSWER 31 days Replacing an insurance policy from one insurer to another based on misrepresentation is called - Unfair discrimination - Misrepresentation - Twisting - Rebating - ANSWER Twisting Barry offers Chris his mountain cabin for the weekend to secure his order for his insurance business. This is an example of
Written for
- Institution
- Wa state life insurance
- Course
- Wa state life insurance
Document information
- Uploaded on
- May 9, 2024
- Number of pages
- 13
- Written in
- 2023/2024
- Type
- Exam (elaborations)
- Contains
- Questions & answers
Subjects
-
chapter 12 washington laws complete questions
-
chapter 12 washington laws
-
a producers fiduciary responsibility includes whi
-
group life insurance policies must include a provi
Also available in package deal
