Insurance: Chapter 1 Questions and Answers (Graded A) Insurance: Chapter 2 Questions and Answers 2023 Insurance: Chapter 3 Questions with Verified Answers Insurance Chapter 4 Questions with correct Answers Insurance Chapter 5 Question and Answers 2023
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an insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be enforceable. What contract characteristic does this describe? 1. aleatory 2. unilateral 3. conditional 4. contingent - Answer- conditional if consumer requests additi...
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Add to cartan insurance contract requires that both the insured and the insurer meet certain conditions in order for the contract to be enforceable. What contract characteristic does this describe? 1. aleatory 2. unilateral 3. conditional 4. contingent - Answer- conditional if consumer requests additi...
why is an equity index annuity consider to be a fixed annuity/ 1. it has a fixed rate of return 2. it is not tied to an index like s&p 500 3. it has a guaranteed minimum interest rate 4. it has a modest investment potential - Answer- it has a guaranteed minimum interest rate when would a 20...
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Add to cartwhy is an equity index annuity consider to be a fixed annuity/ 1. it has a fixed rate of return 2. it is not tied to an index like s&p 500 3. it has a guaranteed minimum interest rate 4. it has a modest investment potential - Answer- it has a guaranteed minimum interest rate when would a 20...
j applied for a life insurance policy one January. the policy was issued January 31. j's agent was vacationing at the time the policy was issued, so j did not receive the policy until February 18. j decides that he does not want the policy. when would j need to return to the insurer in order to rec...
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Add to cartj applied for a life insurance policy one January. the policy was issued January 31. j's agent was vacationing at the time the policy was issued, so j did not receive the policy until February 18. j decides that he does not want the policy. when would j need to return to the insurer in order to rec...
all of the following would be different between qualified and nonqualified retirement plans EXCEPT 1. taxation on accumulation 2. taxation of withdrawals 3. taxations of contributions 4. IRS approval requirements - Answer- taxation on accumulation an employee quits his job on May 15 and doe...
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Add to cartall of the following would be different between qualified and nonqualified retirement plans EXCEPT 1. taxation on accumulation 2. taxation of withdrawals 3. taxations of contributions 4. IRS approval requirements - Answer- taxation on accumulation an employee quits his job on May 15 and doe...
which of the following individuals could qualify for a temporary insurance license? 1. retired producer 2. employee of a deceased producer 3. designee of a producer who is called to active military service 4. deceased producer's brother who is employed by the department of insurance - Answer-...
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Add to cartwhich of the following individuals could qualify for a temporary insurance license? 1. retired producer 2. employee of a deceased producer 3. designee of a producer who is called to active military service 4. deceased producer's brother who is employed by the department of insurance - Answer-...
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