Producer - Study guides, Class notes & Summaries

NJ LIFE PRODUCER EXAM (INSURANCE AND LAWS) LATEST VERSION WITH ACTUAL QUESTIONS AND CORRECT VERIFIED ANSWERS|ALREADY GRADED A+|100% GUARANTEED TO PASS CONCEPTS

Quasi-Contract - A contract this is implied by law and a way for courts to correct or remedy a situation and to prevent unjust enrichment. Void for Vagueness - 1. An incomplete and uncertain contract based on vague terms --- which may be void 2. If a determination is not reached, the courts may void the contract or severe the terms. Statue of Frauds Includes: - - Contracts that cannot be performed in one year - Contracts for the sale of real estate, real property, or land. - Contracts ...

NJ Title Producer Terms & Concepts Questions and answers latest update

NJ Life Producer Exam Study Life Insurance Correct 100%(rated A) Renewable Term Life Insurance - ANSWER An insurer must renew a renewable term policy at the policyowner's request regardless of the insurability status of the insured. Fixed-amount - ANSWER The settlement option that provides for payments to be made in regular installments to a beneficiary until the principal and interest are exhausted best describes: Must give public reasonable access. - ANSWER What hours of operation is...

Paul is an employee who caught a disease unique to the trade in which he was exposed to. Paul has a(n) - Answer- Occupational disease An immediate annuity has been purchased with a single premium. When does the annuitant typically begin receiving benefit payments? - Answer- 1 month Under which circumstance may a deferred insurance commission be paid to an individual? - Answer- Individual was a licensed producer at the time of the sale Under the Health Insurance Portability and Accountab...

Missouri Title Insurance Producer Exam questions and answers rated A+ 2024/2025

Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A)Idaho Life Producer Exam Questions and Answers (Graded A) What does life insurance protect against? - ANSWER-Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - ANSWER-It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance c...

INDIANA LIFE AND HEALTH RULES AND REGULATIONS EXAM (2023/2024) RATED A+ Insurance Commissioner • Appointment by Governor • Member of NAIC Insurance commissioner Duties responsible for overseeing the Department of Insurance, which regulates insurance companies operating in Indiana. works to promote improvements to insurance laws and the enforcement of said laws in Indiana.[ Certificate of Authority Licensed companies receive a _______________________________ to conduct the business of insur...

The West Virginia Insurance Commissioner attains office in which of the following ways? - Gubernatorial appointment (Governor of WV) An offer of life insurance by an insurance company in West Virginia to individuals who are personally invited to apply on the basis of the offer is known as what type of solicitation? - Direct response When a producer is soliciting a client to effect a contract of insurance, the producer is engaged in - transacting insurance Courses are approvedfor continu...