which of the following would be exempt from the jurisdiction of the california department of insurance?

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09-12-2022
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which of the following would be exempt from the jurisdiction of the california department of insurance?

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arenasaleem890 arenasaleem890 · Answer 1 · 2022-12-17T17:13:28+01:00

Nevada has jurisdiction over an admitted insurer.

The financial standing of the insurer. Justification: An insurance policy does not have to provide information on an insurer's financial standing. a person who receives payment from an insurer for arranging insurance on another person's behalf.

Due to California Penal Code 1203.4, Jim's previous misdemeanor conviction that was later cleared prevents him from applying to be an insurance agent.

Risk sharing, assisting in capital development, economic advancement, etc. are some of the roles that insurance plays. Lending money is not an insurance function. to shield dependents, policyholders, and insureds against monetary harm brought on by insolvent insurers.