Tennessee Life and Health Insurance Bundle| Exam Questions with Correct Answers | 2023/2024 Update Rated A+

Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - Answerd. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. ...

Accelerated Benefits -AnswerRiders attached to life insurance policies that allow deaths benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits -AnswerA policy rider that states that the cause of death will be analyzed to determine if it complies with the p...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the -AnswerInsuring Clause All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas -AnswerC An employee with $25,0...

The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 -AnswerC. 30 A corporation, association , partnership, limited liability company, limited liabil...

The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 -AnswerC. 30 A corporation, association , partnership, limited liability company, limited liabil...