Nc life health law - Study guides, Class notes & Summaries

NC Life Insurance Exam Prep Questions and Answers Already Passed An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer ️️ -A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer ️️ -Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Answer ️️ -Premiums are waived if payor becomes disabled An agent w...

NC Life Insurance Practice Exam Questions With 100% Correct Answers 2024 All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. -answerc) Writing Nort...

NC Life Exam Simulation Practice Questions and Answers 100% Pass Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Correct Answer ️️ -ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Correct Answer ️️ - ...

NC Life Exam Simulation Questions and Answers Already Graded A Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Answer ️️ -ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Answer ️️ -ANSWER: suspend, rev...

NC Insurance Licensing Exam Questions & Answers(Graded A) P is a producer who notices 5 questions on a life application were not answered. What actions should P take? -ANSWER Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? -ANSWER Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums -ANSWER 10 Under a Renewable Term policy, -A...

NC Life Insurance Practice Exam Questions and Answer All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - Answer- c) Writing North Carolina insura...

NC BLET 2020: FIRST RESPONDER WITH COMPLETE SOLUTIONS 100% What are the components of EMS systems? - correct answer Reporting, Dispatch, First Response, EMS Response, Hospital Care Is it a misdemeanor or felony to practice medicine without a license in NC? - correct answer Misdemeanor If an officer is sued, what must the plaintiff prove? - correct answer -gross negligence -wanton conduct -intentional wrongdoing What does the Good Samaritan Law state? - correct answer any person re...

Lesson 11: NC Statutes & Regulations Pertinent to Life Insurance Questions and Answers Graded A+ Contract of Insurance Agreement by which the insurer is bound to pay money or its equivalent, or do some act of value to the insured upon and as an indemnity or reimbursement for the destruction, loss, or injury of something in which the party has an interest. Commissioner Commissioner of Insurance of NC or authorized designee -Heads state Department of Insurance -Responsible for fair ratem...

NC Insurance Licensing Exam Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums 10 Under a Renewable Term policy, the renewable prem...

NC Insurance Licensing Exam Questions With 100% Correct P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - answerSet up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? - answerDismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums - answer10 Under a Renewable Term policy, - answert...