The Commercial Lines Program policy Common Policy Condition - "changes state that the policy term can be amended or waived a. By change endorsement issued by insurance agent or by the insured. The consent of the insurer is not required b. Only by endorsement issued by the insurer and made a part of the policy C. Only during the first 60 days of the policy term d. Only at the next renewal What are the two major sources that insurance regulators use to monitor insurer solvency? a. Insurer examinations and IRS reports b. IRS reports and the Insurance Regulatory Information System C. Insurer examinations and the insurance Regulatory Information System d. Insurance Regulatory Information System If an agent fails to keep transaction records as required by the California Insurance Code, the Commissioner has the authority to take any of the following actions EXCEPT to a. Impose a fine after a hearing b. Revoke all licenses of the licensee after a hearing C. Suspend all license of the licensee after a hearing d. Immediately suspend the licensee's licenses until the records are brought into compliance