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Chapter 12: Penalties Review Questions Copy

Posted on 12.29.20

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  1. Question 1 of 3
    1. Question

    Hillary made a misrepresentation to an annuity purchaser that resulted in a loss to the victim calculated to be $30,000. What is the maximum fine that may be imposed on her as a result of her misrepresentation?

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    2. Question

    What period of imprisonment may be imposed on an insurance producer who violates the California Insurance Code Section 780 or 781 related to misrepresentation in the sale of an annuity?

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    3. Question

    Peter was found guilty of violating the California Insurance Code provisions providing protection to seniors. What is the minimum administrative penalty that may be imposed for his first offense?

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