Inducement - Study guides, Class notes & Summaries

A Surplus Lines Producer may collect a fee from the Insured to fund the Surplus Lines Advisory Board. This fee is known as the? Answer - stamping fee An inducement to purchase an insurance policy is: Select one: ation ing Answer - rebating A nonresident producer licensed in Montana may sell: Select one: insurance that is otherwise lawfully sold in the state of Montana. those types of insurance that the producer could have sold in the producer's state of residence. Answer - only th...

Regulation Z requires the disclosure of which of following? A. Respa B. APR C. NAR D. CMA correct answersB. APR Two men own a parcel of land as joint tenants. One of them dies, and his will stipulates that his interest will pass to his wife and, upon her death, to hiss children. What type of estate do the children have? A. Estate in reversion B. Estate in remainder C. Life estate D. No estate correct answersD. no estate Something of value offered by one part and accepted by ...

chiropractic is under the jurisdiction of - Answer- Board of Chiropractic Medicine Regulations governing Chiropractic by the Board are in what chapters of what book - Answer- 456, 460, 64B2 of Florida Administrative code Three intentions of the 460 Chiropractic Medicine Practice Act and Regulations - Answer- meet minimum requirements for safe practice. establish a board, set requirements for licensee. a person who is registered by the board to perform chiropractic services under the di...

ALASKA LIFE AND HEALTH INSURANCE STATE EXAM 2024 WITH 100% CORRECT ANSWERS ___ is the act of offering an applicant something of value as an inducement to purchase an insurance policy - correct answer Rebating ___ is the authority given to a producer to transact business on behalf of the insurer. - correct answer appointment ___ of personal life insurance premiums is usually deductible for federal income tax purposes. - correct answer 0% ___is the act of replacing existing life insu...

Regulation Z requires the disclosure of which of following? A. Respa B. APR C. NAR D. CMA - Answer B. APR Two men own a parcel of land as joint tenants. One of them dies, and his will stipulates that his interest will pass to his wife and, upon her death, to hiss children. What type of estate do the children have? A. Estate in reversion B. Estate in remainder C. Life estate D. No estate - Answer D. no estate Something of value offered by one part and accepted by anothe...

What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union - ANSWER employee A producer must report to the Commissioner of Insurance any administrative action or criminal charges taken against the producer within __ days of the fin...

Offering any return of premium, valuable consideration or inducement when purchasing an insurance policy is an example of: - I. Illegal Inducement II. Rebating Under a watercraft or yacht policy how claims are settled: - Actual cash value When may an insured sue an insurance company? - Not until the insured has complied with all policy provisions and within the time limit specified in the state laws What is the definition of a non-resident agent? - Someone licensed in their state and obt...

___ is the act of offering an applicant something of value as an inducement to purchase an insurance policy - correct answer Rebating ___ is the authority given to a producer to transact business on behalf of the insurer. - correct answer appointment ___ of personal life insurance premiums is usually deductible for federal income tax purposes. - correct answer 0% ___is the act of replacing existing life insurance with a new life insurance policy based upon incomplete or incorrect repres...

MAR 3023 Exam 4 Questions & Answers 2024/2025 What is Promotion? - ANSWERSThe link between manufacturer and the buyer, they are trying to influence the consumer and inform them about the benefits of the product and persuade them to buy the product Promotion Mix - ANSWERSThe levers and strategic tools that companies can use to turn the dial in terms of how you become aware and persuaded of a particular product Advertising - ANSWERSa paid, non-personal communication about an organizatio...

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...