Tennessee life and health - Study guides, Class notes & Summaries

TENNESSEE LIFE AND HEALTH INSURANCE LIFE EXAM 2024 WITH 100% CORRECT ANSWERS Insuring Clause - correct answer In a Life insurance contract, an insurance company's promise to pay stated benefits is called the C - correct answer All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas $25,000 individual whole life policy - correct answer An employee with $25,000 group term life coverage was recently f...

Final Exam - Tennessee Life and Health Questions and Answers Already Graded A+ Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - Answer d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum ra...

Tennessee Life and Health Insurance Life Insurance Portion State Exam Simulator 100% Solved 202 Insuring Clause - answer-In a Life insurance contract, an insurance company's promise to pay stated benefits is called the C - answer-All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas 3/2024

Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion - Answerd. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of return, the cash value will mirror that of the index c. The premiums can be lowe...

The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 - C. 30 A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker - C. Business entity An individual applying for an insurance licens...

Major medical policies typically - Answer- contain a deductible and coinsurance The reason for backdating a policy is - Answer- to obtain a premium rate based on an earlier age Any changes made on an insurance application requires the initials of whom? - Answer- applicant which of these is NOT a reason for purchasing life insurance on the life of a minor - Answer- If both parents were to die, it would provide death benefits to the child On a life insurance policy, who is qualified to...

Insurance policies are offered on a "take it or leave it" basis, which make them a. Conditional Contracts b. Aleatory Contracts c. Unilateral Contracts d. Contracts of Adhesion correct answer: d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT a. Cash value has a minimum rate of accumulation b. If the gain on the index goes beyond the policy's minimum rate of return, the cash value will mirror that of the index c. The premium...

C. 30 - The Commissioner must provide a person subject to an investigation a copy of the complaint which initiated the investigation within _______ days of receiving the complaint. A. 14 B. 21 C. 30 D. 31 C. Business entity - A corporation, association , partnership, limited liability company, limited liability partnership, or other legal entity is a : A. Limited lines producer B. Insurance producer C. Business entity D. Insurance broker B. 18 - An individual applying for an insuranc...

In a Life insurance contract, an insurance company's promise to pay stated benefits is called the -Answer Insuring Clause All of these are powers of the Commissioner except A. Hold hearings B. Enforce insurance laws C. Incarcerate a producer D. Issue subpoenas -Answer C An employee with $25,000 group term life coverage was recently fired. This employee's group coverage may be converted to a -Answer $25,000 individual whole life policy The amount of monthly disablility benefits payable...

Final Exam - Tennessee Life and Health Questions and Answers Already Graded A+. COMPLETE UPDATE. Insurance policies are offered on a "take it or leave it" basis, which make them - Correct Ans: d. Contracts of Adhesion All of these statements about Equity Indexed Life Insurance are correct EXCEPT - Correct Ans: c. The premiums can be lowered or raised, based on investment performance P is the insured on a participating life policy. Which statement is true if P's premiums are wa...