CPCU 410 Module 6 Test Bank

 25%

Page 1 of 4

1. Which one of the following statements is correct regarding insurance producer classifications?

2. An insurance producer that is employed by the insurer to act for a particular purpose or class of work is a:

3. Which one of the following represents a responsibility of a soliciting agent?

4. Which one of the following represents a responsibility of a soliciting agent?

5. Tara was hired by ABC Insurance Company and given authority to act based on her employment contract. The contract gave Tara the authority to induce individuals to apply for insurance, forward policies to ABC Insurance Company, and deliver policies to the insureds upon receipt of premiums. In addition, Tara occasionally assisted with changes in coverage. Tara is a:

6. If a principal, through his or her actions or by a failure to act, gives an impression to a third party that an agent acts for the principal, the agent possesses:

7. Which one of the following statements is correct regarding producers’ authority?

8. The implied contract exception to the employment-at-will doctrine would most likely be used by an employee who was terminated:

9. Which one of the following statements is correct regarding the employment-at-will concept?

10. Under the implied-contract exception to the employment at will doctrine, an employee who believes they were terminated improperly can file suit for: