Primerica contract law - Study guides, Class notes & Summaries

Primerica Session A Chapter 2 Contract Law (Chapter Quiz, Snap Shots, and review questions

Primerica Practice Exam Test A 75 Questions & Answers 2023 1. An annuity that is purchased with a lump sum premium and whose benefits begin after 12 months is called a: A. Single premium immediate annuity. B. Single premium deferred annuity. C. Level premium variable annuity. D. Flexible premium fixed annuity. - Correct answer-Single premium deferred annuity 2. A technique used to determine the amount of life insurance needed by focusing on the projected earning potential of an insured ...

Unilateral Contract a contract that legally binds only one party to contractual obligations (one-sided) Unintentional torts -the result of acting without proper care (referred to as negligence) *insurance will only respond to this type of tort *a.k.a, losses other than those acts by an insured that are deliberate and intended to cause loss or damage Intentional tort is any deliberate act that causes harm to another person regardless of whether the offending party intended to...

Primerica-Life Insurance Exam 2024 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 - Answer ️️ -d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of ...

Primerica-Life Insurance Exam 2024 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 - Answer ️️ -d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a. they keep a higher percentage of ...

Primerica Life Insurance Vocabulary Exam Questions with All Correct Answers pretext interviews - ANSWER An interview when a person attempts to obtain information from another person...and they pretend to be someone else. NAIC - ANSWER National Association of Insurance Commissioners - an association of state commissioners that influences the industry's self-regulation controlled business - ANSWER Business written on the producer's own life or interests. market ...

Primerica-Life Insurance, All Core Exams |Question and Answer| 100% Correct 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 *Ans* d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? a....

Primerica-Life Insurance Exam Questions With Correct Answers Latest Updated 2024 (Verified Answers Graded A+) 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 - ANSWER d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who h...

Primerica-Life Insurance Exam Questions With Correct Answers 2023-2024 (Latest Verified Answers Rated A+). 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 - ANSWER d. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have...

Primerica Life Insurance Test Bank Questions with Verified Answers | Latest 2023/2024 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. insurable interest-STOLI purchaser doesn't know the insured, or have any interest in the insured's longevity, so it violates the principle of insurable interest Which is generally true regarding insureds who have earned preferred status? ...