Violation of the Act Penalties

Internet Advertisement MUST include:

Agent of Broker is considered to be transacting in California if:

Annuities CE Requirements

Ethics CE Requirements

Premium Financing

Premium Financing disclosures must include

Application Alteration

Insertions may be made by the insurer for administrative purpose only and make sure that its clear that the applicant did NOT insert it.

Ethics

Ethics

CIC

CCR

CIC & CCR are NOT a complete guide to ethical behavior.

The Violent Crime Control and Law Enforcement Act 1994.

Prohibited Person

Long Term Care Insurance CE requirements

When there is a change in partnership, its NOT required to return old license with signatures of original members to the Commissioner

License Number MUST appear on the following documents:

Fiduciary

A fiduciary who takes fiduciary funds (premium) for his own guilt = THEFT

Agents must maintain fiduciary funds in a Trustee Bank Account separate from Personal/Business accounts.

Trustee Account Funds CANNOT be commingled with other funds.

EXCEPTION: Commission funds may be commingled in order to advance premiums at a later time.

C&E Requirements

Death of Organization= Termination of License

Exception: May continue to transact under license if conditions met and application is filed and fees paid within 30 days.

Renew insurance license every 2 years.

60 days before renewal date you will receive Notice by DOI.

60 days After renewal date, you can still do business with the old license only if:

License can be cancelled upon death or can be cancelled by licensee at any time.

How to cancel License