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ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT 
ANSWERS UPDATED 
Dividend options are defined as ways in which the policy owner can: - ANSWERS 
receives dividends paid on any stock held 
A life insurance company may pay a death claim for less than the face amount of a 
policy under which of...
Preview 2 out of 10 pages
Add to cartALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT 
ANSWERS UPDATED 
Dividend options are defined as ways in which the policy owner can: - ANSWERS 
receives dividends paid on any stock held 
A life insurance company may pay a death claim for less than the face amount of a 
policy under which of...
ALABAMA LIFE INSURANCE EXAM 2024 WITH 100% 
CORRECT ANSWERS 
What are commercial insurers also referred to as? - ANSWERS Private Insurance 
Companies 
Commercial Insurers are in the business of selling insurance for ___ ________. - 
ANSWERS a profit 
What two groups can commercial insurance be bro...
Preview 2 out of 6 pages
Add to cartALABAMA LIFE INSURANCE EXAM 2024 WITH 100% 
CORRECT ANSWERS 
What are commercial insurers also referred to as? - ANSWERS Private Insurance 
Companies 
Commercial Insurers are in the business of selling insurance for ___ ________. - 
ANSWERS a profit 
What two groups can commercial insurance be bro...
Alabama Life Insurance Exam questions with 
answers 2024 
A ____________ company is one that is domiciled in another state and has Not 
received a license to do business in Alabama. - ANSWERS Foreign Nonamitted 
A 15-year mortgage - ANSWERS 15 year decreasing term 
A collateral assignment allows a...
Preview 2 out of 14 pages
Add to cartAlabama Life Insurance Exam questions with 
answers 2024 
A ____________ company is one that is domiciled in another state and has Not 
received a license to do business in Alabama. - ANSWERS Foreign Nonamitted 
A 15-year mortgage - ANSWERS 15 year decreasing term 
A collateral assignment allows a...
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