1 Exam (elaborations) NC Health Insurance Exam Pearson Vue Exam And Correct Answers 2024. 2 Exam (elaborations) NC Accident and Health Exam And Answers Rated A+ 2024. 3 Exam (elaborations) NC Personal Lines License Exam With All Correct Answers 2024. 4 Exam (elaborations) Lesson 11: NC Statutes ...
[Show more]
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer Sharing commissions with other licensed and appointed agents What benefit does the ...
Preview 3 out of 22 pages
Add to cartAn agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer Sharing commissions with other licensed and appointed agents What benefit does the ...
Term Insurance - Answer Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Answer Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. ...
Preview 3 out of 19 pages
Add to cartTerm Insurance - Answer Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Answer Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. ...
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. d) Reporting any violations of insurance laws to the Attorney General...
Preview 4 out of 48 pages
Add to cartAll 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. d) Reporting any violations of insurance laws to the Attorney General...
CREDIT LIFE - Answer 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 - Answer a legal contract that determines what will be done with a business in the event that an owner dies or becom...
Preview 2 out of 8 pages
Add to cartCREDIT LIFE - Answer 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 - Answer a legal contract that determines what will be done with a business in the event that an owner dies or becom...
Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium - Answer C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it ag...
Preview 4 out of 41 pages
Add to cartWhich of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium - Answer C Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it ag...
All of the following are true regarding Key Employee Disability Income insurance EXCEPT A) Premiums are not tax deductible for the employer. B) Benefits are taxable to the employer. C) The employer owns the policy. D) Benefits are paid to the employer to retrain a new person. - Answer B) Ben...
Preview 3 out of 28 pages
Add to cartAll of the following are true regarding Key Employee Disability Income insurance EXCEPT A) Premiums are not tax deductible for the employer. B) Benefits are taxable to the employer. C) The employer owns the policy. D) Benefits are paid to the employer to retrain a new person. - Answer B) Ben...
At the time the insured purchased her life insurance policy she added a rider that will allow her to purchase additional insurance in the future without having to prove insurability. This rider is called A. Accelerated benefits B. Cost of living C. Guaranteed insurability D. Waiver of cost of ...
Preview 2 out of 6 pages
Add to cartAt the time the insured purchased her life insurance policy she added a rider that will allow her to purchase additional insurance in the future without having to prove insurability. This rider is called A. Accelerated benefits B. Cost of living C. Guaranteed insurability D. Waiver of cost of ...
1x sold
Insured Contingent Beneficiary - Answer If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the uniform Simultaneous Death Act? Reimbursement - Answer Which type of policy pay...
Preview 2 out of 6 pages
Add to cartInsured Contingent Beneficiary - Answer If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the uniform Simultaneous Death Act? Reimbursement - Answer Which type of policy pay...
Insured Contingent Beneficiary - Answer If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the uniform Simultaneous Death Act? Reimbursement - Answer Which type of policy pay...
Preview 2 out of 6 pages
Add to cartInsured Contingent Beneficiary - Answer If the insured and primary beneficiary are both killed in the same accident and it cannot be determined who died first, where are the death proceeds to be directed under the uniform Simultaneous Death Act? Reimbursement - Answer Which type of policy pay...
Which of these statements concerning an individual Disability Income policy is TRUE? - Answer Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - ...
Preview 2 out of 12 pages
Add to cartWhich of these statements concerning an individual Disability Income policy is TRUE? - Answer Normally includes an Elimination period Which health policy clause stipulates that an insurance company must attach a copy of the application to the policy to ensure that it is part of the contract? - ...
When an existing life insurance policy is terminated so that a new life insurance policy can be purchased, this transaction is referred to as - Answer Replacement The Life and Health Insurance Guaranty Association is funded by authorized insurers in this state. One of the roles of this organiza...
Preview 1 out of 4 pages
Add to cartWhen an existing life insurance policy is terminated so that a new life insurance policy can be purchased, this transaction is referred to as - Answer Replacement The Life and Health Insurance Guaranty Association is funded by authorized insurers in this state. One of the roles of this organiza...
P wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - Answer B A contract that has as its basic...
Preview 3 out of 19 pages
Add to cartP wants to name her husband as the beneficiary of her life policy. However, she wishes to retain all of the rights of ownership. P should have her husband named as the: A.irrevocable beneficiary B.revocable beneficiary C.secondary beneficiary - Answer B A contract that has as its basic...
National Association of Insurance Commissioners - Answer The acronym NAIC stands for: The acronym NAIC stands for National Association of Insurance Commissioners. Asking for further information - Answer Which of the following is NOT an unfair claim practice? Any of the following acts, i...
Preview 4 out of 39 pages
Add to cartNational Association of Insurance Commissioners - Answer The acronym NAIC stands for: The acronym NAIC stands for National Association of Insurance Commissioners. Asking for further information - Answer Which of the following is NOT an unfair claim practice? Any of the following acts, i...
Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Answer ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be in...
Preview 3 out of 20 pages
Add to cartWhich of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Answer ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be in...
Implied - Answer ______________ authority is established through verbalization and occurs when appropriate actions are taken to carry out the authority granted to fulfill the principal's goals. Apparant - Answer The appearance of power on behalf of the insurer through the actions or use of i...
Preview 4 out of 41 pages
Add to cartImplied - Answer ______________ authority is established through verbalization and occurs when appropriate actions are taken to carry out the authority granted to fulfill the principal's goals. Apparant - Answer The appearance of power on behalf of the insurer through the actions or use of i...
Which of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? - Answer M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect E...
Preview 2 out of 15 pages
Add to cartWhich of the following is the MOST important factor when deciding how much Disability Income coverage an applicant should purchase? - Answer M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect E...
Contract of Insurance - Answer 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, loss, or injury of something in which the party has an interest. Commissioner - Answer C...
Preview 2 out of 11 pages
Add to cartContract of Insurance - Answer 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, loss, or injury of something in which the party has an interest. Commissioner - Answer C...
2x sold
DP-1 - Answer Basic Form Perils DP-2 - Answer Broad Perils DP-3 - Answer Special Form (All Risk Of Perils) DP Coverage A - Answer Dwellings (Direct Loss) DP Coverage B - Answer Other Structures/Appurtenants (Direct Loss) DP Coverage C - Answer Personal Property (Direct Los...
Preview 1 out of 4 pages
Add to cartDP-1 - Answer Basic Form Perils DP-2 - Answer Broad Perils DP-3 - Answer Special Form (All Risk Of Perils) DP Coverage A - Answer Dwellings (Direct Loss) DP Coverage B - Answer Other Structures/Appurtenants (Direct Loss) DP Coverage C - Answer Personal Property (Direct Los...
The period in which illness-related disabilities are excluded from coverage. - Answer Probationary period An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. - Answer Rela...
Preview 2 out of 5 pages
Add to cartThe period in which illness-related disabilities are excluded from coverage. - Answer Probationary period An approach in which a certain amount of "points" are assigned to a procedure based on an amount relative to a maximum cost for similar procedures in that geographic area. - Answer Rela...
1x sold
Pure Risk - Answer chance of loss or no loss but not gain insurable Speculative Risk - Answer there is possibility of loss but of gain no insurablility exposure unit - Answer subject to loss peril - Answer cause of loss life insurance - Answer death Health insurance - Answer...
Preview 3 out of 17 pages
Add to cartPure Risk - Answer chance of loss or no loss but not gain insurable Speculative Risk - Answer there is possibility of loss but of gain no insurablility exposure unit - Answer subject to loss peril - Answer cause of loss life insurance - Answer death Health insurance - Answer...
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 $22.59. You're not tied to anything after your purchase.
4.6 stars on Google & Trustpilot (+1000 reviews)
78075 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now