Indiana life and he - Study guides, Class notes & Summaries

Indiana Life and Health Insurance Test with 100- Verified Questions and Answers.

Indiana Life and Health Insurance Final Exam Complete Answers Which of these is NOT considered to be a violation of the Unfair Competition Law in Indiana? monopolize or restrain trade making unsubstantiated criticisms about an insurance company pay insurance commissions to an unlicensed individual paying a finder's fee to an individual who provides a sales lead ️paying a finder's fee to an individual who provides a sales lead A viatical settlement agent, according to the Indian...

An architecture firm would stand to lose a lot of money in the event of the death of its project manager. Which type of policy should the firm purchase on its project manager? - ANSWER Universal life insurance Key Person insurance Graded insurance Executive insurance Correct. Key person insurance is a type of life insurance policy that provides a death benefit to a business if its owner or another significant employee passes away. If a retiree on Medicare required five hospital stays in o...

INDIANA LIFE AND HEALTH FINAL EXAM Q&A

Indiana Laws and Regulations for Life and Health Insurance Sales Questions And Answers Rated A+ New Update Assured Satisfaction

Which of these is NOT considered to be a right given to a policyowner? - ANSWER Modify a provision in the insurance contract M completes an application for life insurance but does not pay the initial premium. All of these actions must occur before M's policy goes into effect, EXCEPT: - ANSWER Free-look period has expired Which of these actions does NOT constitute life insurance policy replacement? - ANSWER Convert term coverage to a

Insurance Commissioner - correct answer • Appointment by Governor • Member of NAIC Insurance commissioner Duties - correct answer responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[ Certificate of Authority - correct answer Licensed companies receive a _______________________________ to conduct the business of insurance or operate...

J is 35-years old and looking to purchase a whole life insurance policy. Which of the following types of policies will provide the most rapid growth of cash value? -Life paid-up at age 70 -20 pay life -increasing Term to age 65 -Straight Line - ANSWER 20 Pay Life Which of the following types of policies BEST identifies one in which the cash value may fluctuate to reflect changing assumptions regarding mortality cost, interest, and expense factors? -Universal Life - Endowment Life -Mo...

INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM.

Insurance Commissioner - Answer-• Appointment by Governor • Member of NAIC Insurance commissioner Duties - Answer-responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[ Certificate of Authority - Answer-Licensed companies receive a _______________________________ to conduct the business of insurance or operate as a health maintenance ...