1 Exam (elaborations) Final Exam South Carolina Life And Health Questions And Correct Answers 2024. 2 Exam (elaborations) Insurance Regulation SC Latest Exam Well Answered 2024. 3 Exam (elaborations) Insurance Test SC Specific Midterm Exam With All Correct Answers 2024 4 Exam (elaborations) Laws...
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4 Types of Licensees - Answer Producer, Nonresident, Temporary, Broker Director's General Duties and Powers - Answer The duties of the Director, who is subject to state insurance law, include: 1. Supervising and regulating insurers' rates and service. 2. Enforcing and making regulations...
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Add to cart4 Types of Licensees - Answer Producer, Nonresident, Temporary, Broker Director's General Duties and Powers - Answer The duties of the Director, who is subject to state insurance law, include: 1. Supervising and regulating insurers' rates and service. 2. Enforcing and making regulations...
When creating an agency relationship in South Carolina between a real estate brokerage firm and a seller, what is required? - Answer A written agency agreement What is an agency relationship - Answer It is a fiduciary and consensual relationship between two persons where one person acts on ...
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Add to cartWhen creating an agency relationship in South Carolina between a real estate brokerage firm and a seller, what is required? - Answer A written agency agreement What is an agency relationship - Answer It is a fiduciary and consensual relationship between two persons where one person acts on ...
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? - Answer Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible f...
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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? - Answer Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible f...
Producer - Answer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - Answer An agent who holds an insurance license in the state in which they live non-resident producer - Answer Agents ...
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Add to cartProducer - Answer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - Answer An agent who holds an insurance license in the state in which they live non-resident producer - Answer Agents ...
Greg has recently been terminated from his job that covered group life insurance. How long does he have to convert his coverage to an individual policy? - Answer 31 days which of these would NOT be considered a presumptive disability? - Answer lost of an leg or arm The premium payment mode...
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Add to cartGreg has recently been terminated from his job that covered group life insurance. How long does he have to convert his coverage to an individual policy? - Answer 31 days which of these would NOT be considered a presumptive disability? - Answer lost of an leg or arm The premium payment mode...
The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - Answer Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - Answ...
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Add to cartThe branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - Answer Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - Answ...
-be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - Answer to qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -app...
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Add to cart-be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - Answer to qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -app...
Chrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer ...
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Add to cartChrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer ...
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Answer Family term insurance rider Disability income plans which re...
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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? - Answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Answer Family term insurance rider Disability income plans which re...
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 - Answer Grace period A person who is a nonsmoker, of average weight, and ...
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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 - Answer Grace period A person who is a nonsmoker, of average weight, and ...
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 - Answer Grace period A person who is a nonsmoker, of average weight, and...
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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 - Answer Grace period A person who is a nonsmoker, of average weight, and...
The balance of the loan will be taken out of the death benefit - Answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - Answer An insurer receives a report regarding potential insured that includes financial status...
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Add to cartThe balance of the loan will be taken out of the death benefit - Answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - Answer An insurer receives a report regarding potential insured that includes financial status...
A carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium - Answer fails to pay the premium Twisting is BEST defined as m...
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Add to cartA carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium - Answer fails to pay the premium Twisting is BEST defined as m...
Which of the following is Medicare Part B also known as? -Answer Medical Insurance If the annuitant dies before the annuity start date -Answer the premiums paid plus interest earned will be given to the beneficiary An insured individual and the policy's beneficiary die from the same acc...
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Add to cartWhich of the following is Medicare Part B also known as? -Answer Medical Insurance If the annuitant dies before the annuity start date -Answer the premiums paid plus interest earned will be given to the beneficiary An insured individual and the policy's beneficiary die from the same acc...
Resident Licensing Requirements - Answer 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requir...
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Add to cartResident Licensing Requirements - Answer 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requir...
3 types of adjusters - Answer Public, independent, staff What type of adjuster is employed by the insurance company? - Answer Staff What type of adjuster is contracted by the insured? - Answer Public What type of adjuster is contracted by the insurer? - Answer Independent Who doe...
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Add to cart3 types of adjusters - Answer Public, independent, staff What type of adjuster is employed by the insurance company? - Answer Staff What type of adjuster is contracted by the insured? - Answer Public What type of adjuster is contracted by the insurer? - Answer Independent Who doe...
Annuity Certain - Answer Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - Answer The type of policy which pays on the death of the last person is called Malign another insurer - Answer Defam...
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Add to cartAnnuity Certain - Answer Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - Answer The type of policy which pays on the death of the last person is called Malign another insurer - Answer Defam...
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? - Answer 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 m...
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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? - Answer 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 m...
A form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance - Answer Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a ...
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Add to cartA form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance - Answer Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a ...
Producer - Answer An insurance producer is any person who sells, solicits, or negotiates insurance on behalf of an insurer. If a producer changes their address, they have how many days to notify the Department of Insurance of the change? - Answer 30 What option does the Director have if an...
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Add to cartProducer - Answer An insurance producer is any person who sells, solicits, or negotiates insurance on behalf of an insurer. If a producer changes their address, they have how many days to notify the Department of Insurance of the change? - Answer 30 What option does the Director have if an...
Process of Licensing SC - Answer * 18 years of age *good moral character *no convicted of a felony or crime involving dishonesty, fraud, breach of fiduciary duties. *pay licensing fees *pass state examination Type of Licenses - Answer *Producer *Nonresident *Temporary Licenses *Broker ...
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Add to cartProcess of Licensing SC - Answer * 18 years of age *good moral character *no convicted of a felony or crime involving dishonesty, fraud, breach of fiduciary duties. *pay licensing fees *pass state examination Type of Licenses - Answer *Producer *Nonresident *Temporary Licenses *Broker ...
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