CA Insurance License Graded A+

CA Insurance License Graded A+ As used in this code the word "shall" is ️Mandatory (unless otherwise apparent) As used in this code the word "may" is ️permissive (unless otherwise apparent) "Oath" includes ️affirmation "Person" means ️person, association, organization, partnership, business trust, limited liability company, or corporation Definition of Insurance ️Insurance is a contract whereby one undertakes to indemnify another against loss, damage, or liability arising from a contingent or unknown event Contingent ️Subject to chance Indemnify ️Compensate someone for harm or loss "Nonadmitted," in relation to a person ️not entitled to transact insurance business in this State, whether by reason of failure to comply with conditions precedent thereto, or by reason of inability so to comply. "Admitted," in relation to a person ️entitled to transact insurance business in this state, having complied with the laws imposing conditions precedent to transaction of such business. The State Compensation Insurance Fund shall be deemed to be admitted pursuant to authority to transact workers' compensation insurance granted by the Legislature. The commissioner shall not revoke or suspend the State Compensation Insurance Fund's authority to transact workers' compensation insurance. Domestic ️organized under the laws of this State, whether or not admitted Foreign ️not organized under the laws of this State, whether or not admitted Mortgage ️Trust deed mortgagor ️trustor under such trust deed mortgagee ️beneficiary under such trust deed, or a trustee exercising powers or performing duties granted to or imposed upon him thereunder lien in respect to real or personal property ️charge or incumbrance arising out of a trust deed Insurance agent ️a person authorized, by and on behalf of an insurer, to transact all classes of insurance other than life, disability, or health insurance, on behalf of an admitted insurance company life licensee ️person authorized to act as a life agent on behalf of a life insurer or a disability insurer to transact any of the following: (1) Life insurance. (2) Accident and health insurance. (3) Life and accident and health insurance. (b) Licenses to act as a life agent under this chapter shall be of the types as set forth in Section 1626. (c) A life agent may be authorized to transact 24-hour care coverage, as defined in Section 1749.02, pursuant to the requirements of subdivision (d) of Section 1749 or subdivision (b) of Section 1749.33. Life and disability insurance analyst ️person who, for a fee or compensation of any kind, paid by or derived from any person or source other than an insurer, advises, purports to advise, or offers to advise any person insured under, named as beneficiary of, or having any interest in, a life or disability insurance contract, in any manner concerning that contract or his or her rights in respect thereto Insurance broker ️a person who, for compensation and on behalf of another person, trans