webce insurance exam Questions and Correct Answers the Latest Update and Recommended Version
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Course
Webce insurance
Institution
Webce Insurance
Which of the following exempted insurance companies from federal antitrust legislation?
the McCarran-Ferguson Act
2. Which of the following has primary responsibility for regulating the insurance industry?
a. the states
Which statement about the NAIC is correct?
The NAIC prepares model law...
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webce insurance exam Questions and
Correct Answers the Latest Update and
Recommended Version
1. Which of the following exempted insurance companies from federal antitrust legislation?
✓ the McCarran-Ferguson Act
2. Which of the following has primary responsibility for regulating the insurance industry?
a. the states
✓
Which statement about the NAIC is correct?
✓ The NAIC prepares model laws, regulations, and guidelines for adoption by the states.
4. The NAIC issued a model law on long-term care insurance. Which statement about the
model law's effectiveness is correct?
✓ The model law becomes effective in a state if approved by the state legislature.
Which statement about life insurance illustrations is correct?
✓ Illustrations must include the company's name, the date the illustration was prepared,
initial death benefit, and the name, age, and gender of the proposed insured.
2. Which of the following provides general information about life insurance policies to
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