Mi life producer - Study guides, Class notes & Summaries

Michigan Life And Health Final Exam Questions & Answers, 100% Rated-What amount will be paid under a policy where the insured misstated his/her age? - an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - 30 days which of these is considered to be a Living benefit option in a life insurance policy - Accelerated death benefit loans obtained by a poli...

MI Life Producer Final Exam Questions And Answers

MI LIFE PRODUCER FINAL EXAM AND PRACTICE QUESTIONS EXAM ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

LIFE PRODUCER EXAM (MI) EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. Correct Answer: d) It is issued to group insurance participants. Before insurers may transact business in a speci...

MI laws & rules questions and answers already passed An employee is REQUIRED to work AT LEAST how many hours in a normal week to be eligible for small employer group insurance? 17.5 According the the taft hartley act, group insurance premium payments made by an employer must be paid to the trust If an insured, unmarried child is incapable of self support because of a mental handicap, how long must this chide be provided health coverage under the parents policy? Until policy termi...

Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. - d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a license or Certificate of Authority from the state department of insuranc...

MI LIFE PRODUCER FINAL EXAM AND PRACTICE QUESTIONS EXAM ACTUAL EXAM COMPLETE ACCURATE EXAM QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) /ALREADY GRADED A+

Final Exam-Michigan Life and Health Exam Questions And Answers (Verified And Updated) What amount will be paid under a policy where the insured misstated his/her age? - answeran amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - answer30 days which of these is considered to be a Living benefit option in a life insurance policy - answerAccelerated dea...

What amount will be paid under a policy where the insured misstated his/her age? - Answer-an amount the premium would have purchased at the correct age the acceptance of a credit life application requires the submission of a certificate of insurance to the insured within_____ days - Answer-30 days which of these is considered to be a Living benefit option in a life insurance policy - Answer-Accelerated death benefit loans obtained by a policy owner against the cash value of a life insuranc...

acting without a license ( producer regulation) - a person may not sell solicit or negotiate insurance in the state of Michigan for any line of insurance unless licensed for that qualifications; exceptions include administrative employees working for an agent a home office employee ect adverse selection(methods of handling risk) - the tendancy of less than average risks to purchase or cont to be covered by insurance resulting increased claims and reduced profitability agent - solicit insura...