Wfg exam - Study guides, Class notes & Summaries

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise when must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all time Any situation that presents that possibility of a loss is known as - a loss exposure

If an agent fails to obtain an applicant's signature on the application, the agent must - Return the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - To help the insured understand all aspects of the contract. Most agents try to collect the initial premium for submission with the application. When an agent collects the initial from the applicant, the agent should issue the applicant a - Premium receipt ...

WFG Exam Prep Questions | 100 Questions with 100% Correct Answers | Latest Update | Verified If an agent fails to obtain an applicant's signature on the application, the agent must - Return the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - To help the insured understand all aspects of the contract. Most agents try to collect the initial premium for submission with the application. When an agent collects...

What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise when must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all time Any situation that presents that possibility of a loss is known as - a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? - Personal judgement the direct distribution of insuranc...

WFG LICENSE PRACTICE EXAM QUESTIONS WITH 100% CORRECT ANSWERS!!

If an agent fails to obtain an applicant's signature on the application, the agent must - Return the application to the applicant for a signature Why should the producer deliver the policy when the first premium has already been paid? - To help the insured understand all aspects of the contract. Most agents try to collect the initial premium for submission with the application. When an agent collects the initial from the applicant, the agent should issue the applicant a - Premium receipt ...

WFG Final Exam | 370 Questions with 100% Correct Answers | Latest Update | Verified

WFG FINAL EXAM COMPILED QUESTIONS WITH ACTUAL SOLUTIONS 100% CORRECT!!

WFG FINAL EXAM COMPILED QUESTIONS WITH ACTUAL SOLUTIONS 100% CORRECT!!