Mutual insurer Study guides, Class notes & Summaries
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Aflac Final Exam Questions & Answers Already Graded A+
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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...
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NEW JERSEY LIFE AND HEALTH FINAL EXAM
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Which type of long-term care benefit would be most appropriate for a stroke victim who requires speech therapy administered at her home? - Answer-Home health care 
 
Which of the following is NOT a federal requirement of a qualified plan? - Answer-Employee must be able to make unlimited contributions 
 
Why are dividends from a mutual insurer not subject to taxation? - Answer-Because dividends are considered to be a return of premium 
 
The treasurer of XYZ Insurance Company discovers that the t...
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XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing Questions and Answers 100% Pass
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XCEL SOLUTIONS: Georgia Life-Only Pre-Licensing 
Questions and Answers 100% Pass 
When a policy pays dividends to its policyholders, it is said to be 
-profitable 
-mutual 
-nonparticipating 
-participating - Correct Answer ️️ --Participating 
A participating policy is one in which insurance policies pay out dividends to the 
policyholders. 
A nonprofit incorporated society that does not have capital stock and operates for the 
sole benefit of its members is known as: 
-a fraternal benefit s...
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Michigan Variable Annuities Exam fully solved graded A+ 2023/2024
- Exam (elaborations) • 11 pages • 2023
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Michigan Variable Annuities ExamOther names for pure life settlement - correct answer -life income 
-life annuity 
 
What annuity settlement option produces the largest monthly income guaranteed for life? - correct answer pure life settlement option 
 
second life contingency option - correct answer life with period certain (ie. 10 years) so even if the annuitant does or does not die within that timeframe, insurer guarantees to continue the annuity payments to a named beneficiary for the bala...
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California Life Accident and Health Exam Practice 2024
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California Life Accident and Health Exam Practice 2024 
A 
ABC INSURANCE -Answer-JOHN IS THE AGENT FOR ABC INSURANCE AND JANE 
IS THE INSURED. WHO IS THE PRINCIPAL IN THIS AGENCY RELATIONSHIP? 
A 
ABC INSURANCE 
B 
JOHN 
C 
JANE 
D 
NONE 
D 
ADMITTED -Answer-A(N) ________ INSURER IS AUTHORIZED TO WRITE 
INSURANCE POLICIES IN A PARTICULAR STATE. 
A 
DOMESTIC 
B 
NON-ADMITTED 
C 
FOREIGN 
D 
ADMITTED 
B 
A PERSON WHO NEGOTIATES INSURANCE CONTRACTS ON BEHALF OF AN 
INSURED -Answer-WHICH OF THE FOLL...
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AZ Life Insurance Exam (Latest 2024/ 2025 Update) Questions and Verified Answers| 100% Correct| Grade A
- Exam (elaborations) • 36 pages • 2024
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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 ...
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AIC 301 Exam Questions With All 100% Correct Answers
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AIC 301 Exam Questions With All 100% Correct Answers 
 
What are the elements of a legally binding contract? - Answer -To be legally binding, contracts must: 
 • Contain an agreement between all parties 
• Involve parties with the legal capacity to contract 
 • Contain mutual assent 
• Involve consideration 
• Have a legal purpose 
 • Be in the form prescribed by law 
 
What are the similarities and differences between bilateral and unilateral contracts? - Answer -In bilateral con...
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Primerica Pre-licensing Course Solved Exam |Question and Answers| 100% Correct
- Exam (elaborations) • 40 pages • 2024
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Primerica Pre-licensing Course Solved 
Exam |Question and Answers| 100% 
Correct 
agent *Ans* legal representative of an insurance company; the classification of producer 
usually includes agents and brokers; agents are the agents of the insurer 
insured *Ans* the person covered by the insurance policy; this person may or may not be the 
policyowner 
broker *Ans* an insurance agent not appointed by an insurer and is deemed to represent the 
client 
insurance policy *Ans* a contract between ...
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MS Life and Health Insurance Test | 150 Questions and Answers(A+ Solution guide)
- Exam (elaborations) • 15 pages • 2023
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Which of these do NOT constitute policy delivery? - Policy issued with a rating 
Which of these types of life insurance allows the policyowner to have level premiums and to also choose 
from a selection of investment options? - Variable Life 
J, an Accidental Death and Dismemberment (AD&D) policy holder, dies after injuries sustained in an 
accident. J's age as stated on the application five years ago was found to be understated by ten years. 
Which of the following actions will the insurance c...
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Primerica Life Insurance 2023/ 2024 Updated Exam | (Questions and Verified Answers with Rationales) 100% Correct
- Exam (elaborations) • 62 pages • 2023
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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...
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