100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
SOUTH CAROLINA INSURANCE EXAM 2024 ACTUAL EXAM 2 VERSIONS (VERSION A AND B) COMPLETE 400 QUESTIONS WITH DETAILED VERIFIED ANSWERS / ALREADY GRADED A+$18.99
Add to cart
SOUTH CAROLINA INSURANCE EXAM
2024 ACTUAL EXAM 2 VERSIONS
(VERSION A AND B) COMPLETE 400
QUESTIONS WITH DETAILED
VERIFIED ANSWERS / ALREADY
GRADED A+
A renewable Term Life insurance policy allows the
policyowner the right to renew the policy -
....ANSWER...without producing proof of insurability
Donald is the primary insured of a life insurance
policy and adds a children's term rider. What is the
advantage of adding this rider? - ....ANSWER...Can be
converted to permanent coverage without evidence
of insurability
,A producer has committed an insurance crime that
violates US Code 1033 (interstate commerce). Who
would be responsible for the persecution of this
crime? - ....ANSWER...US attorney general
Under a group life policy, the insurer will issue an
individual _____ to the policyowner for delivery to
each person insured. - ....ANSWER...certificate
Frank is shopping for a disability income policy.
Which of the following would have the HIGHEST
premium? - ....ANSWER...14 day period / 10 year
benefit period
XYZ Company has applied for a group health
insurance for its employees. What information would
the insurers underwriters likely use to determine
the appropriate coverage and final premium rate
given to the group? - ....ANSWER...Experience rating
In regards to a life insurance contract, which of the
following statements is NOT true regarding the
concept of insurable interest? -
....ANSWER...Insurable interest can be established
sufficiently by sentimental attachment alone
,Under a Modified Endowment Contract, what are the
likely tax consequences? - ....ANSWER...Pre-death
distributions will become taxable
Key person Disability Insurance pays benefits to the
- ....ANSWER...employer
Sonya applied for a health insurance policy on April
1. Her agent submitted the information to the
insurance company on April 6. She paid the premium
on May 15 with the policy indicating the effective date
being May 30. On which date would Sonya have
coverage? - ....ANSWER...May 30
What happens to interest earned if the annuitant dies
before the payout start date? - ....ANSWER...It is
taxable
The taxable portion of each annuity payment is
calculated using which method? -
....ANSWER...Exclusion Ratio
, What kind of life insurance policy issued by a mutual
insurer provides a return of divisible surplus? -
....ANSWER...participating life insurance policy
What happens to the coverage under a children's
term rider when that child reached a certain
specified age? - ....ANSWER...Coverage is eliminated
Under a disability income policy, which provision
would be payable if the cause of an injury is
unexpected and accidental? - ....ANSWER...accidental
bodily injury provision
Which of approach predicts a persons earning
potential and determines how much of that amount
would be devoted to dependents? -
....ANSWER...Human life value approach
Which of these will have the highest monthly payout
upon annuitization - ....ANSWER...Straight life
Which of the following is NOT an Unfair Claim
Settlement Practice? - ....ANSWER...Providing claim
payments to insureds according to the policy's
coverage guidelines
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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 Charitywairimu. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $18.99. You're not tied to anything after your purchase.
