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The Legal Framework of Compliance& Ethics Review Questions Copy

Posted on 12.29.20

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  1. Question 1 of 5
    1. Question

    Which of the following insurance regulatory functions do federal regulators perform rather than state insurance departments?

  2. Question 2 of 5
    2. Question

    What is the principal reason for the federal government’s increased regulatory influence in the life insurance industry?

  3. Question 3 of 5
    3. Question

    What is the name of the authority given to an insurance agent by his or her contract and specified in that contract?

  4. Question 4 of 5
    4. Question

    For an insurer to be liable for its agents’ actions sometimes requires the insurer to validate, or ratify, those actions in some way. Which of the following concepts requires such validation?

  5. Question 5 of 5
    5. Question

    The prevailing product liability concept known as caveat vendor places insurance agents at increased risk of professional liability.

Categories: Master Copy

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