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Exam (elaborations)

Life and Health Insurance Exam Complete Verified/Newest Version

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  • Course
  • Life and health insurance
  • Institution
  • Life And Health Insurance

Introduction to Insurance - ANSWER-Types of Insurance, Types of Insurers, Domicile and Authorization, Types of Distribution Systems Insurance Regulation - ANSWER-Regulation of Insurance Business Insurance Law - ANSWER-Agency Law, Formation of a Life or Health Insurance Contract, Legal Require...

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  • July 23, 2024
  • 3
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • Life and health insurance
  • Life and health insurance
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IMORA
Life and Health Insurance Exam Complete
Verified/Newest Version


Introduction to Insurance - ANSWER-Types of Insurance, Types of Insurers, Domicile
and Authorization, Types of Distribution Systems

Insurance Regulation - ANSWER-Regulation of Insurance Business

Insurance Law - ANSWER-Agency Law, Formation of a Life or Health Insurance
Contract, Legal Requirement

Underwriting Basics - ANSWER-Classification of Risks, Determining Premiums or
Rating Considerations, Reserves

Group Insurance - ANSWER-Third Party Ownership, Types of Groups, Premiums,
Groups Underwriting Consideration, Adverse Selection, Probationary Period
Eligibility( Enrollment) Period, Statutory Requirements in Group Underwriting, Funding
of Group Insurance

Selling Life Insurance - ANSWER-Meeting Consumer Needs, Comparing Insurance
Policies, Uses of Life Insurance

Policy Issuance and Delivery - ANSWER-Collection of Premiums, Receipts, Submitting
the Application and Initial Premium, Delivering and Servicing the Policy, Handling a
Claim, Replacement, Policy Retention, Professionalism and Ethics

Types of Insurance Policies - ANSWER-Term Insurance, Whole Life Insurance, Flexible
Polices, Industrial Policies, Credit Life Insurance, Specialized Policy Forms, Viatical/Life
Settlements

Policy Provisions - ANSWER-Standard Provisions

Riders - ANSWER-Types of Riders

Policy Options - ANSWER-Settlement Options, Nonforfeiture Options-Guaranteed
Values, Dividends, Policy Dividend Sources, Dividend Options

Annuities - ANSWER-Purposes of Annuities, How Annuities Work, Immediate and
Deferred Annuities, Deferred Annuity Death Benefits, Annuity Premiums, Fixed
Annuities, Variable Annuities, Annuity Settlement Options, Two-Tiered Annuities, Tax
Sheltered Annuities, Retirement Income Annuities, Equity Index Annuities, Market Value
Adjusted Annuities, Group Versus Individual Annuities, Comparison of Annuities

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