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Life Insurance - Chapter 1 Premerica Exam Practice Questions and Answers | 100% Pass
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Life Insurance - Chapter 1 Premerica Exam Practice Questions and Answers | 100% Pass 1. When does an insurance policy go into effect? - Answer️️ -When the policy is delivered and the premium is paid 2. How is the information obtained for an investigative consumer report? - Answer️️ - ...

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  • September 1, 2024
  • 6
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • life insurance chapter 1 premerica exam practice

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  • Life insurance
  • Life insurance

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SophiaBennett

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Life Insurance - Chapter 1 Premerica
Exam Practice Questions and Answers |
100% Pass


1. When does an insurance policy go into effect? - Answer✔️✔️-When the policy is

delivered and the premium is paid


2. How is the information obtained for an investigative consumer report? - Answer✔️✔️-

Through interviews with the applicant's associates, friends and neighbors.

3. What is a warranty in insurance contract? - Answer✔️✔️-An absolutely true statement

upon which the validity of the insurance contract is based.

4. What are the three main instances when insurable Internet exists in the life

insurance? - Answer✔️✔️-Insuring your own life, the life of a family member or the life of

a business parters or someone who has financial obligation to the policy owner.

5. What term describes the fee a person pays to insurance company to relieve

coverage? - Answer✔️✔️-Premium

6. What repost is used to assess risk associated with a health insurance applicant's

lifestyle and character? - Answer✔️✔️-Investigative Consumer Report

7. In insurance, when is the offer usually made on a contract? - Answer✔️✔️-When the

insurance application is submitted




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