Exam fx wisconsin life - Study guides, Class notes & Summaries

EXAM FX - WISCONSIN LIFE EXAM 2024/2025 WITH 100% ACCURATE SOLUTIONS

Exam FX Insurance- Wisconsin Life questions (Answered). 100% Accurate, Graded A An insurer decides to renew a policy but at a higher premium rate, starting on the renewal date. How many days in advance must the insured be notified? a) 30 b) 60 c) 90 d) 100 - -b How is the Commissioner of Insurance placed in office? a)By NAIC nomination b)Through a bid process c)An election at the same time that other state officials are selected d)An appointment by the Governor - -d An ins...

Exam FX - Wisconsin Life agent/producer - Answer- legal representative of insurance company Applicant or proposed insured - Answer- a person applying for insurance beneficiary - Answer- one who receives benefits of insurance policy Death Benefit - Answer- The amount payable upon the death of the person whose life is insured. insurance policy - Answer- a written contract between the insured and an insurance company that promises to pay for all or part of a loss Insured - Answer-...