Primerica contract law - Study guides, Class notes & Summaries

Primerica Practice Exam 5 questions and answers 2023 Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: Termination of key employee What do...

Primerica Practice Exam 5, Questions with accurate answers, 100% verified. Rated A. Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: - Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? - Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: - Termination ...

Primerica Practice Test questions with solutions The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called representations An annuity is considered fixed when it does all of the following EXCEPT provides the annuitant with an interest rate that is the lesser of...

Life insurance practice exam primerica questions and answers 2023 The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Conditional receipt. Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called Representations. All of the following apply to the waiver of premium rider EXCEPT There is no charge for this provision. An annui...

Primerica Practice Exam 5 with 100% Correct Answers 2023 Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: - Correct answer-Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? - Correct answer-Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: - Correct answe...

Primerica Life License. Exam Questions with accurate answers. 100% Proven pass rate. 2022/2023. What limits the amount that a policyowner may borrow from a whole life insurance policy? - Cash value What is NOT true about a joint and survivor annuity benefit option? - Payments stop after the first death among the annuitants. If a beneficiary wants a guarantee that benefits paid from principal and interest would be paid for a period of 10 years before being exhausted, what settlement op...

Primerica Practice Test with 100% Correct Answers 2023 The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Correct answer-conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - Correct answer-representations An annuity is considered fixed when it does all of the following EXCEPT - Correct answer-provides the annuita...

Primerica Practice Exam 5 with 100% Correct Answers 2023 Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: - Correct answer-Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? - Correct answer-Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: - Correct answe...

Primerica-Life Insurance, All Testable Questions with accurate answers. 100% verified. Graded A. Test Bank (All Primerica Examinable Questions) Document Content and Description Below Primerica-Life Insurance, All Testable Questions with accurate answers. 100% verified. Graded A. Test Bank (All Primerica Examinable Questions) Stranger-oriented life insurance policies are in direct opposition to the principle of a. law of large numbers b. good faith c. indemnity d. insurable interest - d. insura...

Primerica Practice Test with 100% Correct Answers 2023 The receipt given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) - Correct answer-conditional receipt Statements in the application for insurance that are believed to be true to the best of the applicant's knowledge are called - Correct answer-representations An annuity is considered fixed when it does all of the following EXCEPT - Correct answer-provides the annuita...