Owa life exam - Study guides, Class notes & Summaries

which individual would be required to be licensed as an insurance producer? A) a salaried full time employee who counsels the employer on the employers insurance interests B) a person employed by the insurer to inspect and rate risks C) a salaried employee who advertises and solicits insurance D) an assistant who secures and furnishes information for group insurance a salaried employee who advertises and solicits insurance a temporary producers license may be used for which of the followin...

Iowa Life Insurance Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed Success

Insurance Exam: life (Iowa laws, rules, and regulations commonly to ALL lines) Final Exam Questions with 100% Correct Answers | Updated 2024 | Guaranteed Success

Insurance Exam: life (Iowa laws, rules, and regulations commonly to ALL lines)

A producers license may be suspended or revoked if the licensee - Writes primarily controlled business Essential benefits without annual and lifetime limits are required on any health policy purchase - Through the Federal Marketplace Inflation protection is not required in a partnership long-term care policy if the individual is at least how old at issue - 76

What are the 3 changes a policyowner can make to an Adjustable Life policy? - -Increase/decrease the premium or the premium-paying period -Increase or decrease the face amount -Change the period of protection How are contributions to a tax-sheltered annuity treated with regards to taxation? - They are not included as income for the employee, but are taxable upon distribution. Who can make a fully deductible contribution to a traditional IRA? - An individual not covered by an employer-spo...

What are the 3 changes a policyowner can make to an Adjustable Life policy? - -Increase/decrease the premium or the premium-paying period -Increase or decrease the face amount -Change the period of protection How are contributions to a tax-sheltered annuity treated with regards to taxation? - They are not included as income for the employee, but are taxable upon distribution. Who can make a fully deductible contribution to a traditional IRA? - An individual not covered by an employer-spo...

Insurance Exam life (Iowa laws, rules, and regulations commonly to ALL lines)

How is the insurance commissioner appointed? PAGE 2 - Appointed by the governor and confirmed by the senate How long is a term for the Iowa Insurance Commissioner? PAGE 2 - 4 Years The power to examine and investigate into the affairs of every person engaged in the business of insurance resides with the...PAGE 2 - Commissioner of Insurance