Question

91. According to the California Insurance Code, any agent violating the regulations relating to misrepresentation will be charged with a

(Choose from the following options)
1. Felony, a fine not to exceed $2,000, and a possible 2-5 year imprisonment.
2. Felony, a fine not to exceed $5,000, and a possible 2 year imprisonment.
3. Misdemeanor, a fine not to exceed $25,000, and/or a possible 1-year imprisonment.
4. Misdemeanor, a fine not to exceed $500, and a possible 1-year imprisonment.

Answer 1

According to the California Insurance Code, an agent violating regulations relating to misrepresentation will be charged with a misdemeanor, a fine not to exceed $25,000, and/or a possible 1-year imprisonment.

Step-by-step explanation:

According to the California Insurance Code, an agent violating regulations relating to misrepresentation will be charged with a misdemeanor, a fine not to exceed $25,000, and/or a possible 1-year imprisonment.