Asked by Brooke Rupert on Jul 15, 2024
Verified
Insurance Company violates a state licensing statute when selling a policy to Jay, in whose state it is not licensed to sell insurance. As a member of the class of persons protected by the statute, Jay can
A) none of the choices.
B) enforce the policy and recover from the insurer.
C) obtain a license to sell insurance and a list of the insurer's customers.
D) collect benefits under the policy immediately.
Licensing Statute
A legal provision that requires individuals or entities to obtain permission through a license to engage in certain professions or activities.
Enforce Policy
The act of implementing or executing a set of rules or guidelines designed to achieve a specific outcome.
- Comprehend the ability to legally enforce agreements that entail illicit actions or contravene principles of public policy.
- Understand the legal consequences of usury regulations on various transaction categories.
Verified Answer
TH
Tanner HodgesJul 18, 2024
Final Answer :
B
Explanation :
Jay, as a member of the class protected by the state licensing statute, can enforce the policy and recover from the insurer. This is because the insurance company violated state law by selling a policy in a state where it was not licensed, and the purpose of such licensing statutes is typically to protect consumers in that state.
Learning Objectives
- Comprehend the ability to legally enforce agreements that entail illicit actions or contravene principles of public policy.
- Understand the legal consequences of usury regulations on various transaction categories.