Nc life exam 2025 - Study guides, Class notes & Summaries

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 Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The validity of the policy cannot be conested once it has been in force for at least how many years after its date of issue? - Answer -2 Years A rider attached to a life insurance policy that provides coverage on the insured's family members is called the - Answer -Other-insured rider When an insured makes truthful statements on the application for insurance and pays the required premium, it is know as ...

NC Life Insurance Exam Prep Chapter I | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Liquidity - Answer -indicates a company's ability to make unpredictable payouts to policy owners Insurance - Answer -evolved to produce a practical solution to economic uncertainties and losses Reserves - Answer -the accounting measurement of an insurer's future obligations to its policyholders. They are classified as liabilities on the insurance company's accounting st...

NC Life Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The validity of the policy cannot be conested once it has been in force for at least how many years after its date of issue? - Answer -2 Years A rider attached to a life insurance policy that provides coverage on the insured's family members is called the - Answer -Other-insured rider When an insured makes truthful statements on the application for insurance and pays the required premium, it is know as ...

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 ANS-A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT ANS-Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? ANS-Premiums are waived if payor becomes disabled An agent who signs a blank contract app...

NC Life Insurance Practice Exam Questions and Correct Answers 2024/2025 / Verified 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 enforcing the law is. ANS-c) Writin...

NC Life Exam Simulation 200 Question with Complete Solutions 2024/2025 Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? ANS-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 ANS-ANSWER: suspend, revoke, or refuse to re...

NC Life Insurance Exam Prep Chapter I | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Liquidity - Answer -indicates a company's ability to make unpredictable payouts to policy owners Insurance - Answer -evolved to produce a practical solution to economic uncertainties and losses Reserves - Answer -the accounting measurement of an insurer's future obligations to its policyholders. They are classified as liabilities on the insurance company's accoun

NC Life Insurance Exam Prep Questions and Answers 100% Pass An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWER-A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWER-Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWER- Premiums are waived if payor becomes disabled An agent who signs a blank contract ...

Professional Nursing 624 Exam 1 Practice Questions and Answers As Mr. Martin's oxygenation deteriorates, the nurse has an order to titrate pulse oximetry to keep it greater than 90%. Because Mr. Martin is currently at 6 L/NC (44% oxygen), what would be the best options for delivery of oxygen should the levels drop below 90%? - Ans:-simple mask partial rebreather mask venturi mask face tent As the nurse is placing the oxygen, she reflects on the percentage of oxygen being delivered via...