Life agent insur - Study guides, Class notes & Summaries

Final Exam: California Life, Accident, and Health Insurance 2023 with complete solution 1. What is considered the most common type of specified disease insurance policy?: Cancer 2. Minimum participation standards exist for a group health insurance plans in order to: Prevent Adverse Selection 3. How does underwriting differ between group life and individual life insur- ance?: Medical questions must be answered on individual life insurance 4. when handling premiums for an insured an agent is a...

Tennessee Life Insurance exam 2024 with 100% correct answers An insured purchased a Life Insurance policy. The agent told him that depending upon the company's investments and expense factors, the cash values could change from those shown in the policy at issue time. The policy is a/an - correct answer interest-sensitive whole life Which of the following is NOT true of life settlements? - correct answer the seller must be terminally ill The paid-up addition option uses the dividend -...

1 OHIO LIFE INSURANCE EXAM REVIEW QUESTIONS AND ANSWERS, 100% ACCURATE/ To qualify for appointment of agent - -18 YOA, US citizenship not required, no minimum residency Original certificate good for.... - -180 days Renewal for license - -beinnially on birth month, $5 fee Types of risk - -Pure risk - covered by insurance Speculative risk - not covered (gambling) How to handle risk - -avoid it retain it - self insurance reduce it share it transfer it - buy insurance, spreads risk to l...

"Person" means all of the following EXCEPT - CORRECT ANSWER-an organizational trust What is a solicitor employed to do for a policy other than life? - CORRECT ANSWER-To aid a property and casualty agent or broker in transacting insurance. When examination of an insurer shows the insurer to be insolvent and a danger to the public, which authority is granted to the Commissioner by the CIC? - CORRECT ANSWER-The commissioner may take possession of offices, books and property immediately wi...

Florida 2-15 Insurance License Exam Accumulation units are converted into annuity units: A group life insurance plan in which the employer pays the entire premium is known as a plan. If a disabled worker covered under So- cial Security disability benefits recovers and then is disabled again within five years, a new waiting period is required before benefits begin again. Robert had an accident and qualified for Social Security disability. Given the waiting period, when will Robert be...

52 Hour California Life, Accident And Health Course Questions And Answers When an insurer can no longer meet its financial obligations when they are due, the insurer is considered to be: Correct Answer: Insolvent Explanation: Insolvency means any impairment of required minimum paid-in capital or the inability of the insurer to meet its financial obligations when they are due. #9Question #121863 An appointment as an agent of an insurer becomes effective on the date it is: Correct Answer:

Final Exam Florida Life & Health Insurance SF 8/17 | latest edition 2023/24 The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the: - Cost of insurance". The Universal Life Policy is called an unbundled Life Policy because the policyholder can see the expense charges, the interest earned, and the cost of insurance. What is the Suicide provision designed to do? - safeguard the insurer from an applicant...

Florida Health Insurance Exam Questions And Answers (Verified And Updated) Consideration - answerIt is the binding force in any contract. Something of value that each party gives to the other. Insurer's is the promise to pay for losses; insured's is the premium and statements on the application. Representations - answerstatements believed to be true to the best of one's knowledge, but they are not guaranteed to be true. The Insured's statements on the application are _________________...

Florida Health Insurance Exam Questions And Answers (Verified And Updated) Consideration - answerIt is the binding force in any contract. Something of value that each party gives to the other. Insurer's is the promise to pay for losses; insured's is the premium and statements on the application. Representations - answerstatements believed to be true to the best of one's knowledge, but they are not guaranteed to be true. The Insured's statements on the application are _________________...

TEXAS LIFE HEALTH INSURANCE ACTUAL EXAM LATEST VERSION WITH 100 QUESTIONS AND CORRECT ANSWERS/ TEXAS LIFE AND HEALTH INSURANCE REAL EXAM QUESTIONS AND ANSWERS (BRAND NEW!!)