California code and ethics 68 Questions with 100% Correct Answers | Verified | Latest Update

Insurance is the - ️️transfer of risk A representation cannot qualify - ️️an express provision in a contract of insurance; but it may qualify an implied warranty Representations - ️️statements believed to be true. Insured's statements on the application are representations Insurance is a contract by - ️️which one seeks to protects another from loss According to California Insurance Code, Which of the following can be classified as an insurable event? - ️️Pure risks An insured who signs a fraudulent claim form may be guilty of - ️️Perjury Representations are written or oral statements made by the applicant that are - ️️Considered to be true to the best of the applicant's knowledge Insurance is a contract by which one seeks to protect another from - ️️Loss According to the California Law, if an insurer includes a fraudulent claim clause in the contract regarding the legal ramifications of a false claim, the clause must be preceded by which of the following statements? - ️️For your protection, California Law requires the following to appear on this form Who might receive dividends from a mutual insurer? - ️️Policyholders