1 Exam (elaborations) Final Exam South Carolina Life And Health Questions And Correct Answers 2024. 2 Exam (elaborations) Insurance Regulation SC Latest Exam Well Answered 2024. 3 Exam (elaborations) Insurance Test SC Specific Midterm Exam With All Correct Answers 2024 4 Exam (elaborations) Laws...
[Show more]
4 Types of Licensees - Answer Producer, Nonresident, Temporary, Broker Director's General Duties and Powers - Answer The duties of the Director, who is subject to state insurance law, include: 1. Supervising and regulating insurers' rates and service. 2. Enforcing and making regulations...
Preview 2 out of 15 pages
Add to cart4 Types of Licensees - Answer Producer, Nonresident, Temporary, Broker Director's General Duties and Powers - Answer The duties of the Director, who is subject to state insurance law, include: 1. Supervising and regulating insurers' rates and service. 2. Enforcing and making regulations...
When creating an agency relationship in South Carolina between a real estate brokerage firm and a seller, what is required? - Answer A written agency agreement What is an agency relationship - Answer It is a fiduciary and consensual relationship between two persons where one person acts on ...
Preview 2 out of 14 pages
Add to cartWhen creating an agency relationship in South Carolina between a real estate brokerage firm and a seller, what is required? - Answer A written agency agreement What is an agency relationship - Answer It is a fiduciary and consensual relationship between two persons where one person acts on ...
The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Answer Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible f...
Preview 3 out of 17 pages
Add to cartThe process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - Answer Underwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible f...
Producer - Answer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - Answer An agent who holds an insurance license in the state in which they live non-resident producer - Answer Agents ...
Preview 3 out of 28 pages
Add to cartProducer - Answer Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. resident producer - Answer An agent who holds an insurance license in the state in which they live non-resident producer - Answer Agents ...
Greg has recently been terminated from his job that covered group life insurance. How long does he have to convert his coverage to an individual policy? - Answer 31 days which of these would NOT be considered a presumptive disability? - Answer lost of an leg or arm The premium payment mode...
Preview 3 out of 16 pages
Add to cartGreg has recently been terminated from his job that covered group life insurance. How long does he have to convert his coverage to an individual policy? - Answer 31 days which of these would NOT be considered a presumptive disability? - Answer lost of an leg or arm The premium payment mode...
The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - Answer Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - Answ...
Preview 2 out of 15 pages
Add to cartThe branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - Answer Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - Answ...
-be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - Answer to qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -app...
Preview 2 out of 7 pages
Add to cart-be at least 18 years of age -be of good moral character -not have been convicted of a felony or crime -pay the required licensing fee -pass the state exam - Answer to qualify for a license, applicant must - take and pass state exam -acquire and submit SLED criminal background check -app...
Chrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer ...
Preview 2 out of 6 pages
Add to cartChrystal and Craig were renting an apartment from Sandra. However, they skipped out on three month's rent and moved out, leaving behind $1,200 in damage to the apartment. Altogether they owe Sandra $3,300; so Sandra files a civil suit against them. In this case, Chrystal and Craig are: - Answer ...
An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Answer Family term insurance rider Disability income plans which re...
Preview 2 out of 10 pages
Add to cartAn insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - Answer Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - Answer Family term insurance rider Disability income plans which re...
An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - Answer Grace period A person who is a nonsmoker, of average weight, and ...
Preview 4 out of 113 pages
Add to cartAn insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - Answer Grace period A person who is a nonsmoker, of average weight, and ...
An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - Answer Grace period A person who is a nonsmoker, of average weight, and...
Preview 4 out of 113 pages
Add to cartAn insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - Answer Grace period A person who is a nonsmoker, of average weight, and...
The balance of the loan will be taken out of the death benefit - Answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - Answer An insurer receives a report regarding potential insured that includes financial status...
Preview 3 out of 24 pages
Add to cartThe balance of the loan will be taken out of the death benefit - Answer If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - Answer An insurer receives a report regarding potential insured that includes financial status...
A carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium - Answer fails to pay the premium Twisting is BEST defined as m...
Preview 3 out of 20 pages
Add to cartA carrier for a small group health plan may refuse to renew the plan if the employer exceeds a specified number of claims fails to generate minimum revenues fails below a minimum AM Best rating fails to pay the premium - Answer fails to pay the premium Twisting is BEST defined as m...
Which of the following is Medicare Part B also known as? -Answer Medical Insurance If the annuitant dies before the annuity start date -Answer the premiums paid plus interest earned will be given to the beneficiary An insured individual and the policy's beneficiary die from the same acc...
Preview 1 out of 4 pages
Add to cartWhich of the following is Medicare Part B also known as? -Answer Medical Insurance If the annuitant dies before the annuity start date -Answer the premiums paid plus interest earned will be given to the beneficiary An insured individual and the policy's beneficiary die from the same acc...
Resident Licensing Requirements - Answer 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requir...
Preview 2 out of 12 pages
Add to cartResident Licensing Requirements - Answer 1. Be licensed as a resident property and casualty insurance producer. 2. Pass the SC broker licensing examination with 70% or better. 3. Pay a biennial fee of $200 4. File surety bond in favor of SC in amount of $10,000. Nonresident Licensing Requir...
3 types of adjusters - Answer Public, independent, staff What type of adjuster is employed by the insurance company? - Answer Staff What type of adjuster is contracted by the insured? - Answer Public What type of adjuster is contracted by the insurer? - Answer Independent Who doe...
Preview 2 out of 12 pages
Add to cart3 types of adjusters - Answer Public, independent, staff What type of adjuster is employed by the insurance company? - Answer Staff What type of adjuster is contracted by the insured? - Answer Public What type of adjuster is contracted by the insurer? - Answer Independent Who doe...
Annuity Certain - Answer Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - Answer The type of policy which pays on the death of the last person is called Malign another insurer - Answer Defam...
Preview 2 out of 10 pages
Add to cartAnnuity Certain - Answer Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - Answer The type of policy which pays on the death of the last person is called Malign another insurer - Answer Defam...
Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? - Answer Assisted Living Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how m...
Preview 2 out of 14 pages
Add to cartBill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? - Answer Assisted Living Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how m...
A form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance - Answer Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a ...
Preview 3 out of 18 pages
Add to cartA form of medical health insurance covering the treatment and care of gum disease is called: Medicaid Major Medical Franchise health policy Dental expense insurance - Answer Dental expense insurance In South Carolina, what is the MAXIMUM length of time an insurer can defer payment of a ...
Producer - Answer An insurance producer is any person who sells, solicits, or negotiates insurance on behalf of an insurer. If a producer changes their address, they have how many days to notify the Department of Insurance of the change? - Answer 30 What option does the Director have if an...
Preview 2 out of 7 pages
Add to cartProducer - Answer An insurance producer is any person who sells, solicits, or negotiates insurance on behalf of an insurer. If a producer changes their address, they have how many days to notify the Department of Insurance of the change? - Answer 30 What option does the Director have if an...
Process of Licensing SC - Answer * 18 years of age *good moral character *no convicted of a felony or crime involving dishonesty, fraud, breach of fiduciary duties. *pay licensing fees *pass state examination Type of Licenses - Answer *Producer *Nonresident *Temporary Licenses *Broker ...
Preview 2 out of 9 pages
Add to cartProcess of Licensing SC - Answer * 18 years of age *good moral character *no convicted of a felony or crime involving dishonesty, fraud, breach of fiduciary duties. *pay licensing fees *pass state examination Type of Licenses - Answer *Producer *Nonresident *Temporary Licenses *Broker ...
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
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!
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
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.
Stuvia is a marketplace, so you are not buying this document from us, but from seller TestSolver9. Stuvia facilitates payment to the seller.
No, you only buy these notes for $24.49. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
78252 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now