1. which one of the following statements about an insurance producer charging fees separate from commissions is incorrect?

A. The producer must provide a written disclosure to the insured advising of the amount of the fee

B. the fee is fully earned even though the policy is canceled in the first 90 days of the policy inception date

C. The fee is reimbursable to the insured and a prorated amount if the policy is canceled within 90 days of the policy inception date

D. The insurance producer must maintain records of such a fee being charged for seven years

2. what must insurance company do to specifically exclude coverage on an insurance AM/FM radio installed by that auto manufacture

A. issue a general equipment exclusion endorsement

B. issue assign specific exclusion endorsement

C. coverage is automatically excluded

D. Coverage may not be excluded