General Insurance PrinciplesCâu 200 / 474
Under federal law at 18 U.S.C. 1033, a person convicted of a felony involving dishonesty may work in the business of insurance only if:
a.written consent is obtained from an insurance regulatory official
b.the employer files a bond covering the person's future acts
c.the felony was committed before the person entered insurance
d.the conviction is at least ten years old and the sentence fully served
Giải thích
The statute bars anyone convicted of a felony involving dishonesty or a breach of trust from engaging in the business of insurance affecting interstate commerce unless written consent is first obtained from an insurance regulatory official. The prohibition is not lifted by the passage of time, and posting a bond is no substitute for that consent. When the offense happened relative to the person's career is irrelevant.
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Câu hỏi liên quan cùng chủ đề
- A filed rate must be adequate, not excessive and not unfairly discriminatory. The rate itself is built from the expected loss cost plus:
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- An insurer earns $10,000,000 of premium in a year and incurs $7,500,000 of losses on that business. Its loss ratio is:
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- An insurer declines an application partly because of information in a consumer report. The Fair Credit Reporting Act requires the insurer to:
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