All of the following are true regarding an administrator except:

All of the following are true regarding an administrator except:



a. An administrator may advertise the insurance which he or she administers as soon as all the proper paperwork is filed

b. An administrator must maintain books and records of all transactions between the administrator, the insurer and the insured at his or her principal office

c. An administrator may not advertise the insurance which he or she administers until he or she receives the approval of the insurer who underwrites the business involved

d. Books and records must be maintained for five years from the date of the transaction to which they relate



Answer: a. An administrator may advertise the insurance which he or she administers as soon as all the proper paperwork is filed


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