Nguyên tắc bảo hiểm chungCâu 603 / 716
Replacement regulations exist primarily to:
a.Automatically increase premiums on replaced policies
b.Prohibit every replacement transaction outright so that no existing policy may ever be exchanged for a newer competing one
c.Ensure the policyowner receives information to compare policies and is protected from an unsuitable replacement
d.Speed up the payment of producer commissions
Giải thích
Replacement rules give consumers disclosures and comparison information so they are not talked into losing value on a poor replacement. They do not ban replacement outright, raise premiums, or speed commissions.
Luyện miễn phí toàn bộ 716 câu hỏi — không cần đăng ký.
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Câu hỏi liên quan cùng chủ đề
- Commingling, a violation of a producer's fiduciary duty, means:
- Errors and omissions (E&O) insurance protects a producer against:
- In insurance, a 'replacement' occurs when a new policy is purchased and an existing policy is:
- In a replacement transaction, the producer generally must:
- The principle of utmost good faith in insurance means that:
- Describing insurance as an aleatory contract means that:
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Đội ngũ PrepPass · Đối chiếu với California Life & Health Insurance License Exam · Quy trình kiểm tra
Người kiểm duyệt John Zihao Zhang — California-Licensed Life Insurance Agent (CA Dept. of Insurance License #4396095 — kiểm tra)