California Life Accident and Health Exam Practice

A Abc insurance - answer- john is the agent for abc insurance and jane is the insured. Who is the principal in this agency relationship? A Abc insurance B John C Jane D None D Admitted - answer- a(n) ________ insurer is authorized to write insurance policies in a particular state. A Domestic B Non-admitted C Foreign D Admitted B A person who negotiates insurance contracts on behalf of an insured - answer- which of the following is classified as an insurance broker? A A person who places coverage for his/her own insurance B A person who negotiates insurance contracts on behalf of an insured C A person in the home office who does not solicit outside of the office D An employee who negotiates insurance contracts for his/her employer C Each party is entitled to rely upon the representations of the other that there is nothing concealed or dishonest - answer- the insurance contract is said to be a contract of utmost goo