Wi state insurance exam - Study guides, Class notes & Summaries

WI Life Insurance Exam Questions and Answers Already Passed What is the purpose of the Wisconsin State Life Insurance Fund? a) to offer low-cost life insurance to state residents b) To protect insured against insolvent insurers c) To advertise different types of life insurance policies available in the state d) To provide life insurance through licensed intermediaries a An employee is insured under her employer's group life plan. If she terminates her group coverage, which of the...

Which of these is true regarding the exchange of consideration among parties involved in an insurance contract - Answer- Can be unequal Who typically makes the purchase payments in an individual annuity? - Answer- owner Death benefits from a life insurance policy are normally considered to be - Answer- exempt from federal income tax A consumer who has been recently denied insurance, credit, or employment based on an unforgivable consumer report MUST be advised as such. Which of the foll...

WI Health Insurance Exam Latest Version Graded A+ The WI Health Insurance Risk-Sharing Plan Provides health coverage for people who are unable to otherwise obtain insurance because they are too high risk to insure. Anyone whi tested positive for the presence of HIV is automatically eligible for coverage. The maximum court-ordered fine a licensee will pay for failing to comply with the Commissioner's order or continue to violate WI Insurance Law Up to $5,000 a day each day the viola...

WI Life Insurance Exam Questions and Answers Already Passed A person who knowingly obtains information on a consumer from a consumer reporting agency under false pretenses may be imprisoned for up to how many years? 2 years which of the following falls under an agent's fiduciary responsibilities? submitting premiums to the insurer The point at which an insurer issues a policy is known as Acceptance Which of the following would be considered a peril? Fire Which of the followi...

Wisconsin Property/Health Insurance Certification Exam 2024 How does the Commissioner of Insurance receives their position? A) Appointed by the Legislature. B) Appointed by the Attorney General. C) Appointed by the Governor. D) Elected every 4 years. - CORRECT ANSWER-C Insurance laws in Wisconsin are made by: A) The Commissioner of Insurance. B) National Association of Insurance Commissioners (NAIC). C) The Attorney General. D) The Legislature. - CORRECT ANSWER-D To clarify a perso...

WI Health Insurance Exam Wisconsin Accident and Health Insurance Exam Questions with Correct Answers 2024 The WI Health Insurance Risk-Sharing Plan - CORRECT ANSWER-Provides health coverage for people who are unable to otherwise obtain insurance because they are too high risk to insure. Anyone whi tested positive for the presence of HIV is automatically eligible for coverage. The maximum court-ordered fine a licensee will pay for failing to comply with the Commissioner's order or ...

Lead Abatement Supervisor (2024/2025) EXAM QUESTIONS WITH CORRECT DETAILED ANSWERS || ALREADY GRADED A+ <LATEST VERSION> Define "Occupant protection plan". - ANSWER A written plan developed prior to a lead hazard reduction activity that describes the measures that will be taken to protect the building occupants from exposure to lead-based paint hazards. After project completion, the project file should be kept for how long according to the DHS? - ANSWER Three years De...

Wisconsin Insurance Exam 2024/2025 Questions with 100% Correct Answers Adverse selection - Trying to get a policy for events that are already occurring, or are knowingly going to happen (Life insurance policy before committing suicide, home insurance while a fire is destroying home, etc) Aleatory - A contract in which the consideration or monetary value between the parties is not equal The policy holder pays a premium and may collect nothing from the insurer is no loss occurs; h...