Questions: Every long-term care insurer in California must submit to the Commissioner a list of all agents or other insurer representatives authorized to solicit individual consumers for the sale of long-term care insurance. These submitted agent lists must be updated at least A. Semiannually B. Quarterly C. Annually D. Monthly

Every long-term care insurer in California must submit to the Commissioner a list of all agents or other insurer representatives authorized to solicit individual consumers for the sale of long-term care insurance. These submitted agent lists must be updated at least A. Semiannually B. Quarterly C. Annually D. Monthly
Transcript text: Every long-term care insurer in California must submit to the Commissioner a list of all agents or other insurer representatives authorized to solicit individual consumers for the sale of long-term care insurance. These submitted agent lists must be updated at least A. Semiannually B. Quarterly C. Annually D. Monthly
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Solution

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The answer is B: Quarterly.

Explanation for each option:

A. Semiannually - This would mean updating the list twice a year, which is not frequent enough according to the requirement.

B. Quarterly - This means updating the list every three months, which aligns with the requirement for regular updates to ensure the list is current.

C. Annually - Updating the list once a year is too infrequent to meet the requirement for regular updates.

D. Monthly - While this would ensure the list is very current, it is more frequent than what is required.

In summary, the correct frequency for updating the list of agents or representatives authorized to solicit long-term care insurance in California is quarterly.

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