Nv life insurance - Study guides, Class notes & Summaries

6. NV - Life Insurance Practice Final Examination Rated A+ Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d....

6. NV - Life Insurance Practice Final Examination Questions and Answers 100% pass Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to ...

6. NV - Life Insurance Practice Final Examination Questions and Answers 100% pass Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to ...

Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

NV Common Law Quiz with 100% Correct Answers A foreign insurer has its home office where? a. In this State b. In a state other than Nevada c. In more than one state d. In another country - Answer- b. In a state other than Nevada... Books and records related to the business of insurance must be kept for how long? a. 1 year b. 4 years c. 2 years d. 5 years - Answer- d. 5 years All of the following would be practices prohibited by Nevada's Unfair Discrimination laws except: a. Denying...

Which of the following is the most likely outcome if an individual who engages in a hazardous occupation applies for a life insurance policy a. The application will be reject b. Dividends normally paid will be withdrawn c. The policy will be issued but rated up d. A fixed period option must be implemented in order for the policy to be issued - c. The policy will be issued but rated up All of the following statements are true with regard to the 10 day free look provision in a life insuranc...

Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...

Jason is the insured in a $100,000, 10 year renewable term policy. Soon after taking out the policy, he develops a serious heart condition. Which of the following statement is CORRECT? a. Since the condition manifested after the policy was issued, he will not be able to renew his policy. b. Jason will be able to renew his policy c. It will be necessary for Jason to show evidence of insurability in order to renew the policy d. If Jason renews his policy, it will be rated for his health condit...