Tennessee Life and Health Insurance Tests Compilation Bundle

Steven provided misleading information on his license application. best fits the penalty the Commissioner might impose on Steven? correct answer: The insurance Commissioner may refuse to issue Steven a license All of following are violations that may lead the insurance Commissioner to suspend or...

Which statement is true in regards to a policy loan? correct answer: Past-due interest on a policy loan is added to the total cost An individual who purchases a life annuity is given protection against correct answer: the risk of living longer than expected A trustee-to-trustee transfer of r...

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 correct answer: C. 30 A corporation, association , partnership, limited liability company, limi...

Accelerated Benefits correct answer: Riders attached to life insurance policies that allow deaths benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits correct answer: A policy rider that states that the cause of death will be analyzed to determine if it c...

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 correct answer: C. 30 A corporation, association , partnership, limited liability company, limi...

Which of the following reimburses its insureds for covered medical expenses? - health maintenance organizations - preferred provider organizations - commercial insurers - service providers correct answer: COMMERCIAL INSURERS - Commercial insurance companies function on the reimbursement approa...

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 correc...

period of time correct answer: term life insurance policy that provides temporary coverage correct answer: term life insurance least expensive, cheap, or very low premium life insurance policy correct answer: term life insurance the amount paid to the beneficiary at the insured's death ...