Nc life exam 2024 - Study guides, Class notes & Summaries

NC State LIFE Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Insurable Interest - Answer -Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Answer -Wrong person takes medical examination/test in connection with application for insurance. **Can be contested beyond 2 year incontestable clause** Adhesion - Answer -Ins. Co. desig...

NC life insurance simulated Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Blackstone Insurers is incorporated in New York, where it has also received a certificate of authority to transact insurance. what type of insurer is Blackstone in New York? - Answer -Admitted insurer Jennifer applied for a $500,000 whole life insurance policy. the insurer issued the policy but classified jennifer as a substandard risk, resulting in a higher premium. which type of poli...

NC Life insurance state exam study guideline 2024 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. Level Term Insurance - Answer ️️ -Term insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be...

NC Insurance Licensing Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - Answer -Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? - Answer -Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums - An...

NC Life Insurance Exam Prep Questions with Complete Solutions 2024/2025 An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Correct Answer A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Correct Answer Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Correct Answer Premiums are waived if payor becomes disabled ...

MPJE - NCAP Study Guide Questions and Answers 2024 Practice of Pharmacy includes: -dispensing -compounding -storing meds -maintaining records -controlling pharmacy goods/services -reporting ADRs -advising/educating patients and providers -recording, monitoring, and assessing med/device history or usage -performing DUR -administering immunizations -collaborating with physicians as CPP NC Board of Pharmacy 6 members (5 pharmacists + 1 public representative) Previous P...

NC LIFE insurance state exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS 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 becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST - Answer -...

NC Life Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Fraternal Benefit Society - Answer -An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Answer -Agents of these societ...

NC Life Exam Simulation | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS 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 incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Answer ...

NC Life Insurance Practice Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS 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. Writing insurance law is not the Insurance Commissioner's responsibility, but enforc...