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6 Terms

1
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What is it called when the insured guarantees that something is true?
Warranties
2
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How often must the Department of Insurance examine the books and records of an admitted and domestic insurer?
Once every 5 years
3
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Which activity would not be considered transacting the business of insurance?
Selling mutual funds
4
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What must be done to renew an insurance license?
Continuing education and paying the renewal fee
5
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What could not be used in an advertisement for a mutual company?
(This information is missing, please provide context to complete the flashcard.)
6
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