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.

Insurance

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All of the following are considered limited lines of authority EXCEPT
What is the other term for the cash payment settlement option?
The pro rata liability clause is designed to protect the principle of
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A domestic insurer issuing variable contracts must establish one or more
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Which of the following best defines target premium in a universal life policy?
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A beneficiary change can occur
No existing agent's license will be revoked until
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How many pair of glasses in a 12-month period will a vision expense insurance plan cover?
The voluntary relinquishment of a legal right is called
What documentation grants express authority to an agent?
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Which of the following statements about accumulated interest earned on dividends from an insurance policy is TRUE?
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The pro rata liability clause is designed to protect the principle of
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What is the benefit of choosing extended term as a nonforfeiture option?
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Who is responsible for assembling the policy forms for insureds?
Life income joint and survivor settlement option guarantees
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