Exam (elaborations)
Michigan Laws and Rules Pertinent to Insurance Exam Questions and Answers
- Course
- Institution
Michigan Laws and Rules Pertinent to Insurance Exam Questions and Answers
[Show more]
Content preview
Michigan Laws and Rules Pertinent toInsurance Exam Questions and Answers
The branch of dentistry which deals with the replacement of missing parts is called -
Answer -Prosthodontics
Under which circumstance may a minor receive proceed from a death benefit? - Answer
-The minor must have an appointed guardian
A producer may give an insurance applicant an article of merchandise having an invoice
value of _____ or less - Answer -$5
All of the following activities require an insurance producer's license EXCPET - Answer -
Underwriting
The act of using misrepresentation to insured person to terminate an existing policy and
purchase a new policy is referred to as - Answer -twisting
Which of the following is included in the entire contract according to the entire contract
provision? - Answer -Application
Which of the following actions is REQUIRED by a producer who is replacing an existing
life insurance policy? - Answer -Submit to the replacing insurer a list of the policies to be
replaced
An insurance producer license is required for which of the following? - Answer -A
business entity policing insurance
A producer's license is required for all of these activities EXCPET - Answer -
Underwriting insurance
A life insurance application may be backdated to - Answer -save on premiums
Before operating under an assumed name, a producer MUST notify the - Answer -
Commissioner
Tim purchases an insurance policy from a producer. The producer must present to Tim
a notice detailing privacy policies and practices. After this initial notice, Time must be
provided another notice - Answer -annually
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 mereka. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
72042 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now