Kentucky life - Study guides, Class notes & Summaries

KENTUCKY LIFE INSURANCE STATE EXAM STUDYGUIDE 150 EXAM QUESTIONS AND CORRECT ANSWERS ALREADY GRADED A+.

Kentucky Life & Health Insurance Exam 2024 Verified and Tested Q&A Life insurance underwriting would consider which of these factors as unimportant? Age of the applicant Weight of the applicant Marital status of the applicant Gender of the applicant - CORRECT ANSWER-Marital status of the applicant The inducement of an insured to lapse, forfeit, or surrender an insurance policy by misrepresentation or misleading comparisons, in order to write a new policy, is known as: Rebating Twi...

Kentucky Life Insurance Exam (New 2024/ 2025 Update) Questions and Verified Answers| 100 % Correct| Grade A QUESTION The owner of a single premium deferred annuity is entitled to do all of these EXCEPT Answer: Make multiple premium payments QUESTION An insurance company's voluntary refusal to enforce a contract's provision is called a(n) Answer: Waiver QUESTION What happens when an initial offer is answered with a counteroffer? Answer: Init...

Kentucky Life and Health Insurance Exam Prep| Questions and Verified Answers| 100 % Correct| Grade A (New 2024/ 2025 Update) QUESTION how many days do you have to send the claim forms for filing proof of loss Answer: 15 days QUESTION how long does the insurer have to pay claims Answer: 30 days QUESTION what happens if insurer does not pay claim within 30 days Answer: must pay 12% interest and can collect attorney fees incurred to collect claim ...

2024 Life Insurance Exam for Kentucky Company Latest Questions and Answers A. All the incidents of ownership in the policy belong to the donee. - CORRECT ANSWER-In an outright gift of life insurance to a charity A. All the incidents of ownership in the policy belong to the donee. B. The donor retains the right to name a new beneficiary. C. The cash values in the policy belong to the donor. D. The premiums paid by the donor are not tax deductible. C. Making a formal request to the co...

Kentucky Life Insurance Exam Updated Questions and Answers 2024 New Elements of a Contract - CORRECT ANSWER-Competent parties, legal purpose, offer and acceptance, consideration Waiver - CORRECT ANSWER-Voluntary giving up of a known right or privilege, can be express or implied Estoppel - CORRECT ANSWER-A person is prohibited by virtue of his own past actions from claiming a right that would work to the detriment of another who relied on the past conduct Aleatory Contract - CORRECT...

Kentucky Life Insurance State Exam Practice with Certified Solutions The premiums paid by an employer for his employee's group life insurance are usually considered to be Tax-deductible to the employer Which of these is NOT considered to be a cost connected with an individual's death? Business expenses These are all accurate statements regarding universal life insurance EXCEPT Policy loans are not permitted Which of these is NOT relevant when determining the amount of personal life insuran...

Kentucky Life & Health Complete Guide A complaint was lodged against a producer. The producer began explaining whole life insurance, then swayed the client to a term policy, without explaining the difference, and offered the client a cell phone if she bought insurance. Which would NOT pertain? Commissioner can subpoena client & producer to hearing. Producer may be liable for a penalty up to $5,000 for the first offense & $10,000 for each subsequent offense. Commissioner may revoke ...

Kentucky Life Insurance State Exam-with 100% verified solutions -tutor verified

KENTUCKY LIFE AND HEALTH INSURANCE ACTUAL /NEWEST 2024 WITH WELL SORTED QUESTIONS AND ANSWERS /GRADED A+/BEST FOR THAT GOOD GRADE