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Alabama Life & Health Insurance Packaged Exams With Verified Solutions Graded A+
Alabama Life & Health Insurance Packaged Exams With Verified Solutions Graded A+
[Show more]Alabama Life & Health Insurance Packaged Exams With Verified Solutions Graded A+
[Show more]The minimum grace period for a life insurance policy sold in Alabama is: - 30 days 
Alabama's annuity disclosure regulation: - Requires the delivery of a buyer's guide and a 
disclosure document to annuity applicant 
An insurer pays a large claim for medical expenses after the insured has only mad...
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Add to cartThe minimum grace period for a life insurance policy sold in Alabama is: - 30 days 
Alabama's annuity disclosure regulation: - Requires the delivery of a buyer's guide and a 
disclosure document to annuity applicant 
An insurer pays a large claim for medical expenses after the insured has only mad...
In reference to the standard Medicare Supplement benefits plans, what does the term standard 
mean? 
a) All plans must include basic benefits A-N. 
b) Coverage options and conditions are developed for average individuals. 
c) All providers will have the same coverage options and conditions for each ...
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Add to cartIn reference to the standard Medicare Supplement benefits plans, what does the term standard 
mean? 
a) All plans must include basic benefits A-N. 
b) Coverage options and conditions are developed for average individuals. 
c) All providers will have the same coverage options and conditions for each ...
industrial life insurance is also referred to as - Answer debt policy 
Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in 
all of the following circumstances, except: - Answer misstatement of age on the application 
Insurable interest for life insurance ...
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Add to cartindustrial life insurance is also referred to as - Answer debt policy 
Based upon Optional Uniform Provisions, an insurer would have the right to deny claim payment in 
all of the following circumstances, except: - Answer misstatement of age on the application 
Insurable interest for life insurance ...
According to the Alabama Insurance Regulations, all of the following are included as advertisements 
except: - Answer A birthday card sent to a policyowner by his or her agent 
According to the Alabama Insurance regulations, when using an illustration in the sale of a life 
insurance policy, an insu...
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Add to cartAccording to the Alabama Insurance Regulations, all of the following are included as advertisements 
except: - Answer A birthday card sent to a policyowner by his or her agent 
According to the Alabama Insurance regulations, when using an illustration in the sale of a life 
insurance policy, an insu...
Backdating is usually no more than __ months. - Answer six 
What are the required signatures for life insurance application? - Answer insured, producer/agent, 
and applicant 
What are the characteristics of a 'conditional' receipt? - Answer -premium paid with application 
-insurance effective late...
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Add to cartBackdating is usually no more than __ months. - Answer six 
What are the required signatures for life insurance application? - Answer insured, producer/agent, 
and applicant 
What are the characteristics of a 'conditional' receipt? - Answer -premium paid with application 
-insurance effective late...
Agent/Producer - Answer-A person who acts for another person or entity with regard to contractual 
arrangements with third parties; a legal representative of an insurance company. 
Agent/Agency Contract - Answer-a contract that is held between an insurer and an agent/producer, 
containing the expres...
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Add to cartAgent/Producer - Answer-A person who acts for another person or entity with regard to contractual 
arrangements with third parties; a legal representative of an insurance company. 
Agent/Agency Contract - Answer-a contract that is held between an insurer and an agent/producer, 
containing the expres...
Billy is the owner of a life insurance policy and has chosen a policy settlement option under which 
the company will pay the beneficiary (his widow) an income each month for as long as she lives. 
Payment stops at her death. Which settlement option has Billy selected? 
A. Fixed amount option 
B. Fi...
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Add to cartBilly is the owner of a life insurance policy and has chosen a policy settlement option under which 
the company will pay the beneficiary (his widow) an income each month for as long as she lives. 
Payment stops at her death. Which settlement option has Billy selected? 
A. Fixed amount option 
B. Fi...
Which welfare program provides assistance to the needy? - Answer-Medicaid 
Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's 
beneficiary is a(n): - Answer-revocable beneficiary 
Within how many calendar days must all clean electronic health insuran...
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Add to cartWhich welfare program provides assistance to the needy? - Answer-Medicaid 
Barbara has the right to change the beneficiary designation on her life insurance policy. Barbara's 
beneficiary is a(n): - Answer-revocable beneficiary 
Within how many calendar days must all clean electronic health insuran...
Term Insurance - Answer-Temporary protection because it only provides coverage for a specific 
period of time. Also known as pure life insurance 
Term insurance provides what is known as _________________ - Answer-pure death protection 
Term insurance provides the greatest amount of coverage for the...
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Add to cartTerm Insurance - Answer-Temporary protection because it only provides coverage for a specific 
period of time. Also known as pure life insurance 
Term insurance provides what is known as _________________ - Answer-pure death protection 
Term insurance provides the greatest amount of coverage for the...
Which clause allows the insured to change an existing policy to any other policy of any type as long 
as the new policy has a higher premium, without any proof of insurability? - Answer Privilege of 
change clause 
The extended term nonforfeiture option provides: - Answer Paid-up term coverage equal...
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Add to cartWhich clause allows the insured to change an existing policy to any other policy of any type as long 
as the new policy has a higher premium, without any proof of insurability? - Answer Privilege of 
change clause 
The extended term nonforfeiture option provides: - Answer Paid-up term coverage equal...
what law protects consumers from the circulation of inaccurate or obsolete information? - Answer 
The Fair Credit Reporting Act 
Insurers are classified according to their domicile. What are the 3 types of insurers? - Answer 
domestic, foreign, and alien 
what type of insurer is a voluntarily formed...
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Add to cartwhat law protects consumers from the circulation of inaccurate or obsolete information? - Answer 
The Fair Credit Reporting Act 
Insurers are classified according to their domicile. What are the 3 types of insurers? - Answer 
domestic, foreign, and alien 
what type of insurer is a voluntarily formed...
Which of the following would be considered a speculative risk? - Answer-The possibility the painting 
you bought might be a long-lost masterpiece 
A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, 
Casino's, Lottery, etc. All of the other choices descr...
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Add to cartWhich of the following would be considered a speculative risk? - Answer-The possibility the painting 
you bought might be a long-lost masterpiece 
A speculative risk is one in which there is a chance for either loss or gain. Example: Gambling, 
Casino's, Lottery, etc. All of the other choices descr...
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