Chapter Seventeen Quiz Flashcards
Within how many days are insurers required to respond to written requests for documents or information form the CDI Fraud Division for all lines except for workers compensation?
30 days
What is the focus of the Fraud Division within the Enforcement Branch?
Fraud committed against the insurer
What is the timeframe that an agent or broker has to provide information on a workers compensation file?
60 days
To comply with the Insurance Frauds Prevention Act and the California Regulations, insurance companies must do which of the following?
Establish a Special Investigative Unit
What is the timeframe that an agent or broker has to provide information on a file for lines other than workers compensation?
30 days
How many operational branches exist in the California Department of Insurance?
11
Which of the following is the largest branch within the California Department of Insurance?
Enforcement Branch
Within what timeframe must an agent or broker report suspected insurance fraud to the CDI Fraud Division?
60 days
What are the two divisions of the Enforcement Branch of the California Department of Insurance?
Investigative and Fraud
Which of the following is NOT considered an insurance fraud red flag?
Wanting liability coverage on an old vehicle
From the CDI website, an agent or broker will report suspected insurance fraud via what portal?
Consumer reporting portal
As it pertains to SB 1242, who is required to cooperate with law enforcement conducting a criminal investigation?
Brokers and agents
