Which statement regarding agents and solicitors is NOT true?

The selection indicating that an agent or broker can transact as a solicitor is not true. In the context of insurance, agents and brokers have distinct roles. An agent typically represents an insurance company and primarily acts on behalf of that company. This means they have the authority to sell and bind coverage for the insurer.

On the other hand, a solicitor's role is to assist agents or brokers but they do not have the authority to bind coverage on behalf of the insurance company. While they can perform certain tasks like gathering information, solicitors are more limited in their functions regarding policy transactions. Their role is secondary to that of agents and brokers, which is why saying that an agent or broker can also act as a solicitor is misleading.

The other statements about agents and solicitors accurately reflect the roles and limitations involved in their functions within the insurance industry. Recognizing these distinctions is key to understanding the dynamics of how insurance professionals interact and operate under California's regulatory frameworks.