Annuities ce - Study guides, Class notes & Summaries

Florida Life Insurance: Study Guide for the Licensing Exam 100% Correct IMPORTANT NUMBER FOR LIFE INSURANCE: Free look period for life insurance policies. 14 days Grace period, from second notice, to which a life policy-owner at least 64 years of age is entitled. Free look period for Annuities and Variable Annuities. 21 days Grace period for industrial life insurance. 28 days Grace period for life insurance. Notice agent must give Department after felony conviction. Notice insurer must give ...

Washington insurance regulations questions and answers rated A+ borrowing more than __% of the loan value of a life insurance policy to purchase a new policy is considered replacement 25% Period of time with receiving an application that the replacing insurer must notify any other existing insurer 3 days length of time replacing insurer must keep copies of the replacement notice records at least 3 years Free look for life insurance replacements 20 days WA life insurance policy...

AML Exam (CE) Exam Questions And Answers 1. The information an insurance agent must collect for customer identification purposes depends on a. the amount of money the customer is worth. b. The amount of money the customer spends. c. whether the insurance product the customer is purchasing at a low or high risk for money laundering. d. the size and resources of the insurance company. - ANS c. Whether the insurance product under consideration is at a low or high risk for money launde...

cease and desist - ANSWERto stop and discontinue commission - ANSWERpayment to the agent by the insurance company for placing insurance, usually a percentage of the policy premium Exempt - ANSWERnot subject to an obligation Home state - ANSWERinsurer's headquarters, principal place of business Inducement - ANSWERan offer that attempts to influence the other party Moral turpitude - ANSWERconduct that is contrary to community standards of justice, honesty or good morals Reciproc...

SEGREGATED FUNDS & ANNUITIES CERTIFICATION EXAM/13 QUESTIONS AND ANSWERS

Producer - ANSWER-Person required to be licensed to sell, solicit, negotiate insurance. Adjuster Can an adjuster be a salaried employee of an insurer or managing general agent? - ANSWER-Person who for compensation, adjusts, investigates, or negotiates settlement of claims on behalf of either the insurer or insured. No The commissioner will not issue an adjuster license to person who is employed by, owns stock in, is an officer or director of, or any other matter connected with a - ...

Florida Life Insurance: Study Guide for the Licensing Exam IMPORTANT NUMBER FOR LIFE INSURANCE: Free look period for life insurance policies. - 14 days Grace period, from second notice, to which a life policy-owner at least 64 years of age is entitled. Free look period for Annuities and Variable Annuities. - 21 days Grace period for industrial life insurance. - 28 days Grace period for life insurance. Notice agent must give Department after felony conviction. Notice insurer must give D...

Requires the insured to pay premiums for life and endows at 100. - Answer- A Whole Life Policy: Total permanent disability - Answer- To waive an insured's premium, most companies require an individual's disability to be: 24 - Answer- A producer licensed for property and casualty must complete at least __________ hours of CE every 2 years Single Pay / Premium - Answer- Which Whole Life would require you to put the least amount of premium into a plan over the total life of the plan? ...

Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Accident, Life, and Health Insurance questions and answers 2024 Update Premiums paid by self-employed sole proprietors or partners for medical expense insurance are - answera) Not tax deductible b) Partially tax deductible c) Totally tax deductible What is the purpose of a conditional receipt - answera) It is given by the agent only to applicants who ful...

Canadian Pension Plan Benefits - CPP Income Formula = 8.4% annual tax x number of years x CPP at age 65 RRSP Contributions - RRSP Contribution Room Formula = Income x 18% Market-Linked GIC - A market-linked GIC has an interest rate that is tied to the performance of the stock market, providing the potential for a higher interest rate in the case of positive market returns. While the returns can be capped, there is potential for more interest than other GIC products. Cashable GIC - Cashabl...