Tennessee life - Study guides, Class notes & Summaries

TENNESSEE LIFE AND HEALTH INSURANCE LIFE EXAM 2024 WITH 100% CORRECT ANSWERS Insuring Clause - correct answer In a Life insurance contract, an insurance company's promise to pay stated benefits is called the C - correct answer All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas $25,000 individual whole life policy - correct answer An employee with $25,000 group term life coverage was recently f...

TENNESSEE LIFE - FINAL EXAM 2024 WITH 100% CORRECT ANSWERS Which statement is true in regards to a policy loan? - correct answer Past-due interest on a policy loan is added to the total cost An individual who purchases a life annuity is given protection against - correct answer the risk of living longer than expected A trustee-to-trustee transfer of rollover funds in a qualified plan allows a participant to avoid - correct answer mandatory income tax withholding on the transfer amount ...

Tennessee Life and Health Insurance Exam Study GuideC. 30 - correct answer The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 C. Business entity - correct answer A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Bu...

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Insuring Clause In a Life insurance contract, an insurance company's promise to pay stated benefits is called the C All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas $25,000 individual whole life policy An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a B The amount of monthly disablility benefits payable u...

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ABC Insurance Company has accepted a life insurance application which contains unanswered questions. The company then makes the application part of the life contract. In this situation, the insurer has - Answer-waived one of its legal rights The USA Patriot Act was enacted in: - Answer-2001 The amount of coverage on a group credit life policy is limited to: - Answer-the insured's total loan value An architecture firm would stand to lose a lot of money in the event of the death of its p...

An insured purchased a Life Insurance policy. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The policy is a/an - Answer interest-sensitive whole life Which of the following is NOT true of life settlements? - Answer the seller must be terminally ill The paid-up addition option uses the dividend - Answer To purchase a smaller amount of the same type of insurance as the or...