Every admitted insurer in California must maintain a unit, or department, responsible for investigating which of the following?
A. Possible arson activity
B. Ratings and claims abuses by the insurers
C. Possible fraudulent claims by the insureds
D. Unfair trade practices by the insurers
Ans: C. Possible fraudulent claims by the insureds
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Why do consumers sometimes prefer two-part pricing?
a. Consumers prefer a limited number of choices. b. Consumers like to be in control of costs. c. Prices have little or no psychological influence on most consumers. d. Consumers are uncertain about the number and types of activities that might be used at places like amusement parks.
To be found guilty of a crime, the state must establish two elements for the crime. Those elements are:
A. Caveat Emptor B. Actus Reus (forbidden act) and Mens Rea (guilty mind) C. Actus Reus (guilty mind) and injury to a person D. Strict Liability and Actus Reus (forbidden act)