NC Life Insurance Bundled Exams Questions and Answers with Verified Solutions

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Sharing commissions with other lic...

NC Life Insurance Practice Exam Questions and Answers Already Passed All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws...

NC Life insurance state exam study guideline already graded A+ Term Insurance - Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Expire's at a certain age/Time in the future. May be renewable up to ...

NC LIFE insurance state exam questions and answers 100% pass CREDIT LIFE - a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS - a legal contract that determines what will be done with a b...

NC Life Insurance Study Test Questions and Answers Graded A+ The Family Plan Insurance Policy usually consists of: - whole life insurance on the family head and term insurance on other family members A Jumping Juvenile Policy: - automatically increases the face amount at a given age Exces...

NC State LIFE Insurance Exam Questions and Answers Already Graded A Insurable Interest - Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Wrong person takes medical e...

NC LIFE INSURANCE QUESTIONS AND ANSWERS ALREADY PASSED All personal insurance contracts are referred to as _______ contracts because only one party writes the contract without imput from the other party. - Unilateral an insurer incorporated or organized in another country, but has operations ...

NC Life Insurance - Other Life Topics - Chapter Quiz with Verified Solutions Contracts that are prepared by one party and submitted to the other party on a "take it or leave it" basis are classified as A. Binding contracts. B. Contracts of adhesion. C. Unilateral contracts. D. Aleatory co...

NC Life Exam Simulation Questions and Answers Already Graded A Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent...

North Carolina Life and Health Final Exam with Verified Solutions Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? - M completes an application for life insurance but does not pay the initial premium. All of t...

NC Health Insurance Exam Pearson Vue Latest Graded A+ Pure Risk - chance of loss or no loss but not gain insurable Speculative Risk - there is possibility of loss but of gain no insurablility exposure unit - subject to loss peril - cause of loss life insurance - death Health i...

NC Statutes & Regulations Pertinent to Life Insurance Lesson 11 Questions and Answers Graded A+ Contract of Insurance - Agreement by which the insurer is bound to pay money or its equivalent, or do some act of value to the insured upon and as an indemnity or reimbursement for the destruction, lo...

NC Insurance Licensing Exam Questions and Answers Graded A+ P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT prov...