California Insurance Code & EthicsQuestion 75 of 315
Soliciting or transacting insurance under a fictitious name (DBA) requires:
a.Prior approval of the name by the Insurance Commissioner
b.Only a county fictitious-name filing
c.Approval by each insurer separately, with no notice to CDI
d.No filing if the agent uses the name in writing only
Explanation
§1666.5 requires a producer to receive Commissioner approval of any fictitious name (DBA) used to transact insurance, in addition to any county-level fictitious-business-name filing. This is to prevent confusion and consumer deception.
Law Reference: Cal. Ins. Code §1666.5Practice all 315 questions free — no signup required.
Related questions on this topic
- An agent advertises an "educational lunch seminar" for seniors at a local hotel. Under §789.9, which of the following is prohibited?
- California's annuity suitability rules require an insurer or producer recommending an annuity to a consumer to have reasonable grounds to believe the recommendation is suitable based on:
- An agent intentionally writes incorrect age on a senior's life insurance application to qualify the applicant for a better rate class. Which of the following best describes the violations?
- Under California life replacement regulations, the replacing insurer must send the existing insurer a copy of the replacement notice (and any sales material used) within how many working days of receiving the application?
- An agent's appointment with a particular insurer is terminated for cause. The insurer must notify the Commissioner of the termination and the reasons:
- The maximum administrative penalty per act under §790.035 for a willful unfair or deceptive practice may be up to:
Last reviewed: · editorial process
PrepPass Editorial Team · Verified against California Life & Health Insurance License Exam · How we review