All of the following activities could result in th...

Exam Fx Property And Casualty Questions And Answers

Question Number 218

All of the following activities could result in the suspension of an agent's license EXCEPT:A. misrepresenting the financial condition of an insurance company.B. selling any replacement policy that causes an insured to lapse an existing policy.C. obtaining a license for the sole purpose of handling controlled business.D. demonstrating incompetency to transact business as an insurance agent.

selling any replacement policy that causes an insured to lapse an existing policy.Yes, this is the correct answer. This also has to do with the replacement rule which is a requirement when replacing a policy. However, this procedure is perfectly legal.

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Exam Fx Property And Casualty Questions And Answers

Question Number 218

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