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WFG Exam Questions & Answers | 280 Questions with 100% Correct Answers | Latest Update | Verified What is meant by referring to an insurance policy as a unilateral contract? - Only one party makes a legally enforceable promise when must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - At all time Any situation that presents that possibility of a loss is known as - a loss exposure Which of the following information is not required to be comm...

Life and Health License Exam Verified Answers 2024 Only one party makes a legally enforceable promise What is meant by referring to an insurance policy as a unilateral contract? At all times When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? a loss exposure Any situation that presents the possibility of a loss is known as Personal judgment Which of the following information is not required to be communicated in a Life insura...

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CA Life Insurance Exam 2024 What is meant by referring to an insurance policy as a unilateral contract? -Answer-Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? -Answer-At all times. Any situation that presents the possibility of a loss is known as -Answer-a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? -Answer-...

WFG Final Exam - Questions, Answers and Rationales (Complete Solutions) John owns an insurance policy that gives him the right to share in the insurer's surplus. What kind of policy is this? -Non-participating -Contributory -Participating -Surplus Participating policies give the policyowner the right to share in the insurer's surplus. Which of the following is NOT a benefit of insurance? -Reduces the uncertainty of loss exposures -Losses due to fraud are eliminated -Makes a loss whole again ...

TEST FOR CA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS What is meant by referring to an insurance policy as a unilateral contract? - CORRECT ANSWER-Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - CORRECT ANSWER-At all times. Any situation that presents the possibility of a loss is known as - CORRECT ANSWER-a loss exposure Which of the following information is not required...

Transact as applied to insurance includes - correct answer -Solicitation, Negotiations preliminary to execution, execution of a contract of insurance, Transaction of matters subsequent to execution of the contract. True of False? Any person who transacts insurance without a valid license is gulity of a misdemeanor punishable by a fine not exceeding fifty thousand dollars. - correct answer -True The Commissioner shall begin providing information to the Franchise Tax board - correct answer -...

CA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS What is meant by referring to an insurance policy as a unilateral contract? - CORRECT ANSWER-Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - CORRECT ANSWER-At all times. Any situation that presents the possibility of a loss is known as - CORRECT ANSWER-a loss exposure Which of the following information is not required to be co...

CA Life Insurance Exam Already Graded A+ What is meant by referring to an insurance policy as a unilateral contract? Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? At all times. Any situation that presents the possibility of a loss is known as a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? Personal jud...

California Pre-Licensing Education-Life, Accident And Health Insurance Exam Questions With Answers (Score A+). When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? - Correct Answer-*At all times. 3. Any situation that presents the possibility of a loss is known as - Correct Answer-*a loss exposure 4. Which of the following information is not required to be communicated in a Life insurance contract? - Correct Answer-*Personal judgment....