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WV Life and Health Insurance exam with 100- correct answers
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WV Life and Health Insurance exam with 100- correct answers
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WV Life and HealthInsurance exam with
100% correct answers
Estate Creation VS Estate Conservation - answer Creation
is when proceeds are paid to survivors, Conservation is
when proceeds are used to pay the estate
In ordinary whole life, when is face value paid - answer
When insurer reaches 100 or at death
Are employer paid life premiums deductible - answer Yes
Who determines if Insured is an acceptable risk - answer
Home office underwriter
Who manufactures insurance policies - answer Insurers
,Who sells policies to applicants - answer Producers
Would a stroke be considered AD&D - answer No
Would murder be considered AD&D - answer Yes
If producer charges extra fee for consideration, this
would be considered what - answer Discrimination
When replacing a policy, who signs a copy of the
statement - answer The agent
For a mass market life policy, cooperation's must exist
how many years and must have how many employees -
answer 2 years with 61 employees min.
In the HMO Act, violating enrollment causes what -
answer held liable for 1 years subscription rate
, Who needs sent a copy of the accident and sickness
insurance sale replacement - answer The Insurer
What is required to determine Annuity - answer Tax
records, finances, Investments
Claims must be acknowledged by agent in how many
days - answer 15
If applicant makes a false statement, but is not aware
statement is false, it is considered what - answer a
representation
What insurance policy pays immediate lump sum -
answer Life insurance
What is the max benefit from guaranty association on
one life - answer 300,000
Do replacement requirements for individual life insurance
apply to group life insurance - answer no
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