1. what is meant by referring to an insurance policy as a only one party makes a le-
unilateral contract? gal enforceable promise
2. when must insurance records of insurance agents and at all times
brokers be made available to the Insurance Commis-
sioner?
3. any situation that presents the possibility of a loss is a loss exposure
known as what
4. which of the following information is not required to personal judgement
be communicated in a life insurance contract?
5. the direct distribution of insurance utilizes all of the telephone call from an
following to promote the sale of insurance EXCEPT agent
6. a contract in which one part promises to identify an- an insurance policy
other against loss that arises from an unknown event
is
7. all of the occurrences listed below are examples of an an insured su�ers nan-
insurable event as de�ned by the California insurance cial loss in the state lottery
code EXCEPT
8. all of the following statements about aleatory con- the insured and insurer
tracts are true EXCEPT contribute equally to the
contract
9. all of the following would be considered unfair trade committing any act of dis-
practices EXCEPT crimination whether it be
deemed fair or unfair
, 10. As authorized by the California Insurance Code, the Mary brown insurance
Insurance Commissioner has provided standards for servies
names used by life insurance agents. Under these
standards which, if any, of the following are automat-
ically acceptable for Mary Brown, a holder of the CLU
designation?
11. a contract of indemnity is one in which One party is restored to
the same nancial posi-
tion the party was in be-
fore the loss occurred
12. In insurance terminology, "indemnity" means make whole
13. As de�ned in the California insurance Code, "insur- contract
ance" is a
14. What would a person be guilty of who refuses to deliv- a misdemeanor
er any books, records, or assets to the commissioner
once a seizure order has been executed?
15. An agent who is acting as an insurance agent, broker, duciary
solicitor, life agent, accident and health, or bail agent
acts in which capacity when handling premiums or
return premiums for an insured?
16. which of the following statement regarding risk is only pure risks are insur-
TRUE able
17. The purchase of an insurance policy may accomplish the elimination of risk
all of the following for the insured EXCEPT
unilateral contract? gal enforceable promise
2. when must insurance records of insurance agents and at all times
brokers be made available to the Insurance Commis-
sioner?
3. any situation that presents the possibility of a loss is a loss exposure
known as what
4. which of the following information is not required to personal judgement
be communicated in a life insurance contract?
5. the direct distribution of insurance utilizes all of the telephone call from an
following to promote the sale of insurance EXCEPT agent
6. a contract in which one part promises to identify an- an insurance policy
other against loss that arises from an unknown event
is
7. all of the occurrences listed below are examples of an an insured su�ers nan-
insurable event as de�ned by the California insurance cial loss in the state lottery
code EXCEPT
8. all of the following statements about aleatory con- the insured and insurer
tracts are true EXCEPT contribute equally to the
contract
9. all of the following would be considered unfair trade committing any act of dis-
practices EXCEPT crimination whether it be
deemed fair or unfair
, 10. As authorized by the California Insurance Code, the Mary brown insurance
Insurance Commissioner has provided standards for servies
names used by life insurance agents. Under these
standards which, if any, of the following are automat-
ically acceptable for Mary Brown, a holder of the CLU
designation?
11. a contract of indemnity is one in which One party is restored to
the same nancial posi-
tion the party was in be-
fore the loss occurred
12. In insurance terminology, "indemnity" means make whole
13. As de�ned in the California insurance Code, "insur- contract
ance" is a
14. What would a person be guilty of who refuses to deliv- a misdemeanor
er any books, records, or assets to the commissioner
once a seizure order has been executed?
15. An agent who is acting as an insurance agent, broker, duciary
solicitor, life agent, accident and health, or bail agent
acts in which capacity when handling premiums or
return premiums for an insured?
16. which of the following statement regarding risk is only pure risks are insur-
TRUE able
17. The purchase of an insurance policy may accomplish the elimination of risk
all of the following for the insured EXCEPT
