Tennessee life and health - Study guides, Class notes & Summaries

Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - Answer d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of return, the cash value will mirror that of the index c. The premiums can ...

Tennessee Life and Health Insurance Exam Study Guide Rated A+ 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. 30 A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker C. Business...

Final Exam - Tennessee Life and Health Questions and Answers Already Graded A Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of return, the c...

Tennessee Life and Health Insurance Life Insurance Portion State Exam Simulator Exam Set Prepared Solution Questions And Revised Correct Answers PASSED!! In a Life insurance contract, an insurance company's promise to pay stated benefits is called the - ANSWER : Insuring Clause All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas - ANSWER : C An employee with $25,000 group term life coverag...

Tennessee Life and Health Insurance Life Insurance Portion State Exam Simulator 100% Solved In a Life insurance contract, an insurance company's promise to pay stated benefits is called the Insuring Clause All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas C An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a $25,000 individual who...

TENNESSEE LIFE AND HEALTH INSURANCE LIFE INSURANCE PORTION STATE EXAM QUESTIONS AND ANSWERS 2024

Major medical policies typically - contain a deductible and coinsurance The reason for backdating a policy is - to obtain a premium rate based on an earlier age Any changes made on an insurance application requires the initials of whom? - applicant which of these is NOT a reason for purchasing life insurance on the life of a minor - If both parents were to die, it would provide death benefits to the child On a life insurance policy, who is qualified to change the beneficiary designation - P...

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 -Answer C. 30 A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker -Answer C. Business entity An individual applying for an insu...

Tennessee Life and Health Insurance Exam Study Guide Rated A+ 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 -Answer C. 30 A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broke...