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