Which of the following statements is an example of an unethical (and illegal) act?

Which of the following statements is an example of an unethical (and illegal) act?




A) A surplus line broker applies funds due an insured for return premiums to amounts due from the same insured for unpaid policy premiums.

B) A life insurance analyst attempts to be licensed as an insurance agent.

C) A life insurance analyst charges a fee for a service associated with the servicing of a policy written by the analyst.

D) A broker charges a fee for service that exceeds the ordinary placing of a policy.



Answer: C) A life insurance analyst charges a fee for a service associated with the servicing of a policy written by the analyst.


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