Unfair trade practice - Study guides, Class notes & Summaries

The Commissioner conducts an examination of a domestic insurer and believes that the costs of examination places an unreasonable financial burden on the insurer. Which of the following will happen? a. The federal government will absorb the full cost b. The federal government will absorb part of the cost, and the state government will absorb the rest of the cost c. The costs will be reduced to the amount that the examinee can reasonable pat; the rest will be paid by the federal government d....

NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024 All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. answerc) Writing North...

LRM4801 Assignment 13 Answers (Due date: 10 January 2024) APPENDIX A: ASSESSMENT 13 Please Note: This written Assessment must be submitted in PDF format via myUnisa. Instructions on how to submit the Assessment are provided in section 6 of this document. You are expected to meet particular requirements relating to the layout and technical presentation of Assessments: • The cover page or first page of your document should display information such as the module code, Assessment num...

A funeral prearrangement life insurance agent must be supervised - Correct Answer-By a legal reserve life insurance agent whose company holds a seller's permit. The maximum initial guaranteed death benefit that a funeral prearrangement life insurance agent may sell is - Correct Answer-$15,000 A funeral prearrangement life insurance agent license expires when the agent - Correct Answer-Fails to submit a biannual renewal application and fee When an application for an insurance agent license...

Insurance Adjuster Test Questions With 100% Verified Correct Answers 2024/2025 Which type of coverage relates to damage to or destruction of detached structures in a typical homeowners policy? Coverage B Coverage A Coverage D Coverage C - Correct Answer Cov B The unfair trade practice of offering inducements for the purchase of insurance is called? controlled business rebating misrepresentation false advertising - Correct Answer rebating In which type of group life...

Which Unfair Trade Practice involves making a false statement on an insurance application in order to receive money from an insurer? - Answer-Misrepresentation Who owns a stock company? - Answer-A stock insurance company is owned by its stockholders. In Florida, which of the following is considered an Unfair Trade Practice? - Answer-Coercion Which of these options can an individual use their medical flexible spending account to pay for? - Answer-Prescription drugs are an allowable expen...

MD Insurance Exam – Life Questions and Answers 100% Pass Accelrated Benefits Riders attached to life insurance policies which allow death benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits A policy rider that states that the cause of death will be analyzed to determine if it complies witht he policy description of accidental death Accumulation Period The time before an annuitant's retirement during which the annuitant is making Accidental Death Ins...

FLA 0214 Final Exam Questions with Correct Answers 100% Verified Common Disaster Clause provides that if both the insured and the sole named beneficiary were to die in a common accident, which of the following is true? - Correct Answer This clause provides the payment of proceeds to the insured's estate Under a life insurance policy the ___ has the authority to name the beneficiary? - Correct Answer owner B recently died and was insured with a life insurance policy for over five years. D...

Oklahoma Life and Health Practice Exam Questions and Answers Rated A+ A person covered with an individual health plan is issued a policy is issued a certificate of medical costs does not contract directly with the insurance company is not subject to medical underwriting A person covered by an individual health plan is issued a policy. All Health Benefit Plans issued after January 1, 2014 must provide long-term care dental care adult vision care preventative health services ...

Which of the following types of an individual policies does NOT require a policy summary to be given? - Credit Life Which of the following is considered a producer's fiduciary responsibility? - Collect premiums and remit to the insurance company as soon as reasonably possible If an application for a producer's license has been denied, you may request a hearing within how many days after the receipt of the denial? - 30 days Which of the following activities may NOT be granted as credit for c...