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5 Terms
1
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Warranties
A guarantee by the insured that a statement is true.
2
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Examination Frequency
The Department of Insurance must examine the books and records of an admitted and domestic insurer no less than once every 5 years.
3
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Transacting Business of Insurance
Selling mutual funds would not be considered transacting the business of insurance.
4
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License Renewal Requirements
To renew your license, you must complete continuing education and pay the renewal fee.
5
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Advertisement for Mutual Company
Certain terms or guarantees that cannot be used in advertisements for a mutual company.
Flashcards (54)