Tennessee life - Study guides, Class notes & Summaries

An insured purchased a Life Insurance policy. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The policy is a/an - Answer interest-sensitive whole life Which of the following is NOT true of life settlements? - Answer the seller must be terminally ill The paid-up addition option uses the dividend - Answer To purchase a smaller amount of the same type of insurance as the or...

TENNESSEE LIFE INSURANCE EXAM NEWEST ACTUAL EXAM WITH COMPLETE QUESTIONS AND DETAILED ANSWERS GRADED A | BRAND NEW!!!

TENNESSEE LIFE AND HEALTH INSURANCE LIFE INSURANCE PORTION STATE EXAM QUESTIONS AND ANSWERS 2024

C. 30 - Answer The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 C. Business entity - Answer A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker B. 18 - Answer An indivi...

What unfair and prohibited practice involves the offer of a special premium or favor as an incentive to purchase insurance? A. Coercion B. Unfair discrimination C. Rebating D. Boycott, coercion and intimidation - ️️C. Rebating A temporary license issued to a representative of a licensed producer who dies or becomes disabled is valid for up to how many days? A. 120 B. 180 C. 240 D. 360 - ️️B. 180 A corporation, association , partnership, limited liability company, limited liab...

Tennessee Life and Health Insurance Life Insurance Portion State Exam Simulator Exam Set Prepared Solution Questions And Revised Correct Answers PASSED!! In a Life insurance contract, an insurance company's promise to pay stated benefits is called the - ANSWER : Insuring Clause All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas - ANSWER : C An employee with $25,000 group term life coverag...

Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - Answer d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of return, the cash value will mirror that of the index c. The premiums can ...

Final Exam- Tennessee Life & Health Questions and Answers 100% Pass The reason for a business having a Business Overhead Expense Disability Plan is to cover: - Answer Fixed Business Expenses What is the initial requirement for an insured to become eligible for benefits under the Waiver of Premium provision? -Answer Insured must be under a physician's care K applies for a life insurance policy on herself and submits the initial premium with the application. She is given a receipt by the a...

Tennessee Life Insurance Test with 100% Correct Answers