California Insurance Code Requirements
Summary
California Insurance Code § 1725.5 requires insurance licensees to include their license numbers on print advertisements in California for transparency. The term California resident insurer in § 880 refers to insurers organized under California law with their principal business in the state. In Miller v. National American Life Ins. Co., the court recognized a fraud cause of action based on false representations made to induce policy purchase, beyond just breach of contract.Full Conversation
True or false "****"
True. California Insurance Code § *.* requires insurance licensees to include their license numbers on all print advertisements distributed in California. This ensures transparency and accountability in advertising practices.
True or false : a California resident insurer as that term is used in California Insurance Code § *
False. The term "California resident insurer" as used in California Insurance Code § * refers to an insurer organized under the laws of California and having its principal place of business in the state.
True or False: Miller v. National American Life Ins. Co. * Cal.App.3d * (*) is a leading case where the insured sued for fraud in the inducement of the insurance contract. The court allowed a fraud cause of action (not just breach of contract) based on false representations made to induce the purchase of the policy.
True. In Miller v. National American Life Ins. Co. * Cal.App.3d * (*), the court allowed a fraud cause of action based on false representations made to induce the purchase of the policy, rather than just a breach of contract claim.