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Question 1 of 5
1. Question
What minimum monetary penalty may be imposed on an agent for a first violation of the long-term care specific provisions of the California Insurance Code if the violation is NOT considered a “knowing” violation?
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Question 2 of 5
2. Question
Arthur, an insurance broker, was charged with misrepresentation that caused his client to suffer a loss amounting to $15,000. What is the maximum fine that may be imposed for Arthur’s illegal act?
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Question 3 of 5
3. Question
What is the maximum penalty under the California Insurance Code for an agent’s non-willful violation of the statute prohibiting unfair practices?
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Question 4 of 5
4. Question
MegaMutual issued a Medicare supplement policy to replace an in-force Medicare supplement policy in California. What is MegaMutual required to do under California law if the replaced policy had been in force for at least 6 months?
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Question 5 of 5
5. Question
Shirley, a MegaMutual agent, received a notice from the commissioner alleging that she violated the California Insurance Code. If she timely requests a hearing on the allegation, how soon following her receipt of the notice must a public hearing be held?
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