100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
missouri life accident and health exams Questions and Answers $10.09   Add to cart
Quickly navigate to
Preview
  2.  
  3. Missouri Life Accident And Health
  4.  
  5. Missouri life accident and health

Exam (elaborations)

missouri life accident and health exams Questions and Answers
 12 views  0 purchase
  • Course
  • Missouri life accident and health
  • Institution
  • Missouri Life Accident And Health

any transaction which new life insurance or a new annuity is purchased - ANSWER-Replacement is the company that issuse the new policy - ANSWER-Replacing insurer is the company whose policy is being replace - ANSWER-Existing insurer that is signed by both the applicant and the producer a co...

[Show more]

Preview 2 out of 5  pages

Document information

  • May 18, 2024
  • 5
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers

Subjects

  • missouri life accident and health exams questions
  • missouri life accident and health exams stuvia
  • any transaction which new life insurance or a new

Written for

  • Missouri life accident and health
  • Missouri life accident and health

Seller

avatar-seller
IMORA

Reviews received

Content preview

missouri life accident and health exams
Questions and Answers

any transaction which new life insurance or a new annuity is purchased - ANSWER-
Replacement



is the company that issuse the new policy - ANSWER-Replacing insurer



is the company whose policy is being replace - ANSWER-Existing insurer



that is signed by both the applicant and the producer a copy must be left with applicant -
ANSWER-notice Regarding replacement



by existing insurer or its producers or by broker to dissuade a current policy-owner from
the replacement - ANSWER-Conservation



policy loan interest rates may not exceed 8%per year - ANSWER-policy loan rates



the insured under a group life policy may assign any incidents of ownership under the
policy - ANSWER-assignabiliy



life insurance policies issued in the state of Missouri may exclude within 2 year -
ANSWER-suicide exlusion



this provision stipulates that life insurance policies must include a notice of any war or
aviation - ANSWER-war and aviation exclusion



provision in group life policies states that policyholders are entitled to grace period of 31
days - ANSWER-grace period



policy may not be contested after the policy has been in force for 2 years unless for
nonpayment of premium - ANSWER-Incontestability

, stating that copy of the application must be attached to the policy - ANSWER-entire
contract



indicating that all statements made by the insured are considered representations and
not warranties - ANSWER-Representation



setting forth conditions under which the insurer reserves the right to require evidence of
individual insureablility - ANSWER-Evidence of insurability



specifying an Equitable adjustment of premium or benefits - ANSWER-misstatement of
age & sex



stating that insure will issue the policyholder for delivery to each individual insured a
certificate specifying the insurance protection - ANSWER-certificate of insurance



special type of coverage written to insure the life of the debtor and pay off the balance
of loan in the event of the death of the debtor - ANSWER-credit



insurance cannot pay out more than the balance of the det - ANSWER-credit life



credit life insurance can be issued only as an individual - ANSWER-term plan



be licensed and good standing in this state

& maintain capital of 2,500,000 - ANSWER-company Qualifications



all riders and endorsements applications must be approved by the director before they
are delivered - ANSWER-Variable life insurance



The investment held in the separate account at least annually & statement to director -
ANSWER-Reports & Examinations

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller IMORA. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $10.09. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

81298 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$10.09
  • (0)
  Add to cart