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PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS (100% PASS)
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PRIMERICA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS (100% PASS)
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©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AMPRIMERICA LIFE INSURANCE EXAM
QUESTIONS AND ANSWERS (100% PASS)
An insured purchased an insurance policy 5 years ago. Last year, she received a
dividend check from the insurance company that was not taxable. This year, she did not
receive a check from the insurer. From what type of insurer did the insured purchase
the policy?
a. mutual
b. reciprocal
c. nonprofit service organization
d. stock - ✔️✔️A. mutual
funds not paid out after paying claims and other operating costs are returned to the
policy owners in the form of a dividend. if all funds are paid out, no dividends are paid
Following a career change, an insured is no longer required to perform many physical
activities, so he has implemented a program where he walks and jogs for 45 minutes
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,©PREP4EXAMS@2024 [REAL-EXAM-DUMPS] Wednesday, July 31, 2024 9:10 AM
each morning. The insured has also eliminated most fatty foods from his diet. Which
method of dealing with risk does this scenario describe?
a. retention
b. reduction
c. transfer
d. avoidance - ✔️✔️B. reduction
the insured's change in lifestyle and habits would likely reduce the chances of health
problems
In insurance, an offer is usually made when
a. an applicant submits an application to the insurer
b. the insurer approves the application and receives the initial premium
c. the agent hands the policy to the policyholder
d. an agent explains a policy to a potential applicant - ✔️✔️A. an applicant submits an
application to the insurer
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in insurance, the offer is usually made by the applicant in the form of an application.
acceptance takes place when an insurer's underwriter approves the application and
issues a policy
the causes of loss insured against in an insurance policy are known as
a. perils
b. losses
c. risks
d. hazards - ✔️✔️A. perils
perils are the causes of loss insured against in an insurance policy
what documentation grants express authority to an agent?
a. agents contract with the principal
b. agents insurance license
c. fiduciary contract
d. state provisions - ✔️✔️A. agents contract with the principal
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the principal grants authority to an agent through the agent's contract
which of the following best describes an insurance company that has been formed
under the laws of this state?
a. domestic
b. sovereign
c. alien
d. foreign - ✔️✔️A. domestic
a company is domestic when doing business within the state in which it is incorporated
which of the following factors is NOT considered by an underwriter when determining
the premium rates for an individual seeking insurance?
a. medical history
b. sex
c. age
d. race - ✔️✔️D. race
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