Exam (elaborations)
Chapter Exam - West Virginia Laws and Rules with correct answers
- Course
- Institution
Chapter Exam - West Virginia Laws and Rules with correct answers
[Show more]
Content preview
Chapter Exam - West Virginia Laws andRules with correct answers
How long may an insurer defer granting a policy loan after receiving the loan application? - correct
answer ✔✔6 months
Which Unfair Trade Practice involves a producer suggesting that an insurance policy is like a share of
stock? - correct answer ✔✔Misrepresentation
Which of these statements may a producer make to a client about a Whole Life policy? - correct answer
✔✔"Nonforfeiture benefits will be available after a period of time"
Which of the following is NOT considered rebating? - correct answer ✔✔Sharing commission with an
agent licensed in the same line of business
J is a producer who recently told a claimant that his rights might be impaired if he does not complete a
release form within a specified time. What could this producer be found guilty of? - correct answer
✔✔Coercion
A producer must notify the Insurance Commissioner within ## days following final deposition of an
administrative action by any government agency. - correct answer ✔✔30
What is the purpose of the West Virginia Life and Health Insurance Guaranty Association? - correct
answer ✔✔Ensures that claims filed against insolvent insurance companies will be paid
Which of these actions does NOT constitute life insurance policy replacement? - correct answer
✔✔Convert term coverage to a whole life policy
Which of these is a requirement for obtaining a resident insurance producer license in this state? -
correct answer ✔✔Complete a prelicensing examination
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 BravelRadon. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $9.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79373 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
