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Complete Package Deal For South Carolina Insurance Exam Questions and Answers Graded A 2024
Complete Package Deal For South Carolina Insurance Exam Questions and Answers Graded A 2024
[Show more]Complete Package Deal For South Carolina Insurance Exam Questions and Answers Graded A 2024
[Show more]An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Inflation protection 
 
Which of these riders will pay a death benefit if the insured's spouse dies? - Family term insurance rider 
 
Disability income plans which require that the ins...
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Add to cartAn insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Inflation protection 
 
Which of these riders will pay a death benefit if the insured's spouse dies? - Family term insurance rider 
 
Disability income plans which require that the ins...
The balance of the loan will be taken out of the death benefit - If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? 
 
Inspection Report - An insurer receives a report regarding potential insured that includes financial status, hobbies, and hab...
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Add to cartThe balance of the loan will be taken out of the death benefit - If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? 
 
Inspection Report - An insurer receives a report regarding potential insured that includes financial status, hobbies, and hab...
The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Underwriting 
 
The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cos...
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Add to cartThe process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Underwriting 
 
The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cos...
Annual Renewable Term (ART) - Type of term insurance that permits the policyholder to purchase term insurance in subsequent years without evidence of insurability, but premiums on the policy increase each year to reflect the increasing mortality risk being undertaken by the insurer. 
 
Annuity - Per...
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Add to cartAnnual Renewable Term (ART) - Type of term insurance that permits the policyholder to purchase term insurance in subsequent years without evidence of insurability, but premiums on the policy increase each year to reflect the increasing mortality risk being undertaken by the insurer. 
 
Annuity - Per...
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? - Assisted Living 
 
Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how much may Ro...
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Add to cartBill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? - Assisted Living 
 
Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how much may Ro...
Producer - Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. 
 
resident producer - An agent who holds an insurance license in the state in which they live 
 
non-resident producer - Agents who hold an insurance licen...
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Add to cartProducer - Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. 
 
resident producer - An agent who holds an insurance license in the state in which they live 
 
non-resident producer - Agents who hold an insurance licen...
Insured that faces a liability loss expected? - Provide prompt notification 
Promptly forward to the insurer any loss notice, demand, summons, or other legal process. 
Assist the insurer in making a settlement. 
Attend the trial or other proceedings, if requested. 
Provide witnesses information 
As...
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Add to cartInsured that faces a liability loss expected? - Provide prompt notification 
Promptly forward to the insurer any loss notice, demand, summons, or other legal process. 
Assist the insurer in making a settlement. 
Attend the trial or other proceedings, if requested. 
Provide witnesses information 
As...
Abandonment - the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
Absolute Liability - Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, ...
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Add to cartAbandonment - the abdication of insured property into the hands of another, or into the possession of no one in particular 
 
Absolute Liability - Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, ...
The branch of dentistry which deals with the replacement of missing parts is called 
 
 Endodontics 
 Periodontics 
 Orthodontics 
 Prosthodontics - Prosthodontics 
 
How many months can a life insurance policy normally be backdated from the date of application? 
 
 
 3 
 6 
 9 
 12 - 6 
 
HIPAA con...
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Add to cartThe branch of dentistry which deals with the replacement of missing parts is called 
 
 Endodontics 
 Periodontics 
 Orthodontics 
 Prosthodontics - Prosthodontics 
 
How many months can a life insurance policy normally be backdated from the date of application? 
 
 
 3 
 6 
 9 
 12 - 6 
 
HIPAA con...
An insurer will accept a premium from the insured and continue theicoverage in full force as though it 
was NOT late during which time period? 
 
Incontestable period 
Probation period 
Reinstatement period 
Grace period - Grace period 
 
A person who is a nonsmoker, of average weight, and in excel...
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Add to cartAn insurer will accept a premium from the insured and continue theicoverage in full force as though it 
was NOT late during which time period? 
 
Incontestable period 
Probation period 
Reinstatement period 
Grace period - Grace period 
 
A person who is a nonsmoker, of average weight, and in excel...
A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - 100% of the billed amount 
 
What does Coordination of Benefits allow? - Allows the secondary payor to reduce their benefit payment...
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Add to cartA closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - 100% of the billed amount 
 
What does Coordination of Benefits allow? - Allows the secondary payor to reduce their benefit payment...
Annuity Certain - Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called 
 
Survivorship Life - The type of policy which pays on the death of the last person is called 
 
Malign another insurer - Defamation occurs when a producer m...
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Add to cartAnnuity Certain - Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called 
 
Survivorship Life - The type of policy which pays on the death of the last person is called 
 
Malign another insurer - Defamation occurs when a producer m...
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