Applicant age Study guides, Class notes & Summaries

Certain conditions, such as dismemberment or total and permanent blinds, will automatically qualify the insured for full disability benefits. Which disability policy provision does this describe? - presumptive disability Which provision concerns the insured's duty to provide the insurer with reasonable notice in the event of a loss? - notice of claim Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following el...

NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 actual exam Process 2103 (d-i) - CORRECT ANSWER-1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sublicensee must be 18 years of age or older at the time of issuance of such licens...

Who appoints notaries public in Ohio? - The Secretary of State The minimum age for a person to be appointed and commissioned a notary public is ____. - 18 If a person meets all other requirements for notary public may the following person become a notary public? "An Ohio resident who is not an attorney." - Yes If a person meets all other requirements for notary public, may the following person become a notary public? "An Ohio resident who is an attorney admitted to the practice of law in...

Primerica Life Insurance 2023/ 2024 Updated Exam | (Questions and Verified Answers with Rationales) 100% Correct Q: which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? A. Reciprocal B. Fraternal C. Stock D. Mutual Answer: C. Stock Only stock insurance companies are owned and controlled by stockholders Q: which of the following best describes the concept that the insured pays a small amount of prem...

Which law requires the applicant be notified before a consumer report is ordered: - Fair Credit Reporting Act The Insuring Clause of an A&H policy usually states all of the following, EXCEPT: A. That insurance against loss is provided B. That a loss must result directly from stated accidents or sicknesses C. The method of premium payment D. The identities of the insurance company and the insured - C. The method of premium payment Which of the following statements about Medicare is/are tru...

Nevada Life and Health License Exam Prep Questions with 100% Correct Answers What are the four required elements of an insurance contract? - Answer- Agreement, consideration, competent parties, and legal purpose. What two parts make up a life insurance application? - Answer- General Information and the Medical Information. An agent's report can go in a life insurance application but is not included in the life insurance policy. When must insurable interest exist in life insurance? - Answ...

Colorado Mental Health Jurisprudence Exam Study Guide 2024 To qualify for licensure, an applicant must present satisfactory proof to the Acupuncture Board that the applicant has met certain requirements. Which of the following is NOT a requirement to qualify for licensure: References: 205.203, Occ. Code; Board Rule 183.4(a) A) the applicant has an associate degree from an accredited community college or a four-year college or university; B) the applicant is a graduate of an acceptab...

AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A Q: A life policy that has premiums that are lower than normal during the early years is called Decreasing term Modified life Variable life Limited-pay life Answer: Modified life Q: a material change in a modified endowment contract (MEC) results in the contract becoming void a new contestable period the seven pay test, adjustable for cash value, applies again a tax ...

1. The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Answer conditional receipt 2. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called Answer representations 3. An annuity is considered fixed when it does all of the following EXCEPT Answer - provides the annuitant with an interest rate that is the lesser of the guaranteed or current rat...

Applicant Age - ANSWER-18 years or older How long do you have to wait to be eligible to retake an examination if you fail? - ANSWER-30 days The Commissioner will prescribe the form of the appraiser's license and it will contain: - ANSWER-Name of the appraiser Address of the appraiser's place of business Date of issuance and expiration date of license Any other information which the commissioner determines is necessary Experience and Fitness requirements for Licensing - ANSWER--A mi...