Primerica exam general - Study guides, Class notes & Summaries

Primerica Exam General 2023 Questions and Answers Verified

Primerica Exam General questions and answers graded A+ An insurer has made all of the decisions regarding the provisions included in the insured's policy. The insured finds an objectionable provision and wants to negotiate it with the insurer but is not allowed to do so. Her only options are to reject the policy or accept it as is. Which contract feature does this describe? a) Unilateral b) Conditional c) Personal d) Adhesion Adhesion An insurance policy that only requires a payme...

Primerica Exam General Questions And Answers With Complete Solution

Primerica Exam General Questions and Answers...

primerica exam review Questions and Answers 2023 If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be Authorized A participating insurance policy may do which of the following? Pay dividends to the policy owner An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charge...

Primerica Insurance Exam: General Insurance Questions and Answers 2024/2025 /Updated Insurance - CORRECT ANSWER-A contract in which one party agrees to indemnify the insured party against loss, damage or liability from an unknown event. Insurance transfers - CORRECT ANSWER-The reduction, decrease, or disappearance of value of the person or property insured in a policy, caused by a named peril. Risk - CORRECT ANSWER-The uncertainty or chance of a loss occurring. Pure risk - CORRECT AN...

Primerica Insurance Exam General Insurance

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Primerica Insurance Exam General Insurance (2023)