PACKAGE DEAL FOR:Mississippi Life and Health Insurance| QUESTIONS 100% SOLVED!!PACKAGE DEAL FOR:Mississippi Life and Health Insurance| QUESTIONS 100% SOLVED!!PACKAGE DEAL FOR:Mississippi Life and Health Insurance| QUESTIONS 100% SOLVED!!PACKAGE DEAL FOR:Mississippi Life and Health Insurance| QUESTI...
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A real estate professional who helps clients choose among the various alternatives involved in purchasing, using, or investing in property is A) a real estate appraiser. B) a real estate educator. C) a home inspector. D) a real estate counselor. - ANSWER The answer is a real estate counse...
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Add to cartA real estate professional who helps clients choose among the various alternatives involved in purchasing, using, or investing in property is A) a real estate appraiser. B) a real estate educator. C) a home inspector. D) a real estate counselor. - ANSWER The answer is a real estate counse...
The document that is a historical summary of all the documents of title is A) a mortgage. B) a title commitment. C) an abstract of title. D) a deed of trust. - ANSWER The answer is an abstract of title. The abstract summarizes all the documents that create the chain of title; an attorne...
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Add to cartThe document that is a historical summary of all the documents of title is A) a mortgage. B) a title commitment. C) an abstract of title. D) a deed of trust. - ANSWER The answer is an abstract of title. The abstract summarizes all the documents that create the chain of title; an attorne...
Absolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of...
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Add to cartAbsolute assignment - ANSWER Policy assignment under which the assignee (person to whom the policy is assigned) receives full control over the policy and also full rights to its benefits. Generally, when a policy is assigned to secure a debt, the owner retains all rights in the policy in excess of...
Which of these do NOT constitute policy delivery? - ANSWER Policy issued with a rating Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? - ANSWER Variable Life J, an Accidental Death and Dismemberment...
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Add to cartWhich of these do NOT constitute policy delivery? - ANSWER Policy issued with a rating Which of these types of life insurance allows the policyowner to have level premiums and to also choose from a selection of investment options? - ANSWER Variable Life J, an Accidental Death and Dismemberment...
Accident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - ANSWER An insurance policy which pays ...
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Add to cartAccident - ANSWER An unplanned, unforeseen event which occurs suddenly and at an unspecified place. Accident Insurance - ANSWER A type of insurance that protects the insured against loss due to accidental bodily injury Accidental Death and Dismemberment - ANSWER An insurance policy which pays ...
A business overhead expense policy : - ANSWER covers business expenses such as rent and utilities A provision in a life insurance policy that pays the policy owner an amount that does not surpass the guaranteed cash value is called the : - ANSWER Policy loan provision After and insured gives n...
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Add to cartA business overhead expense policy : - ANSWER covers business expenses such as rent and utilities A provision in a life insurance policy that pays the policy owner an amount that does not surpass the guaranteed cash value is called the : - ANSWER Policy loan provision After and insured gives n...
What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee ...
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Add to cartWhat kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee ...
What type of policy would offer a 40-year old the quickest accumulation of cash value? Paid-up at 65 20-pay life 30-pay life Straight whole life - ANSWER 20-pay life Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? Past...
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Add to cartWhat type of policy would offer a 40-year old the quickest accumulation of cash value? Paid-up at 65 20-pay life 30-pay life Straight whole life - ANSWER 20-pay life Which of these statements accurately describes the Waiver of Premium provision in an Accident and Health policy? Past...
Which of the following is an insurance company that is organized under the laws of a different state within the United States? - ANSWER Foreign protects the consumer's right to the privacy of credit and financial information, ensuring that all collected data is confidential, accurate, relevant a...
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Add to cartWhich of the following is an insurance company that is organized under the laws of a different state within the United States? - ANSWER Foreign protects the consumer's right to the privacy of credit and financial information, ensuring that all collected data is confidential, accurate, relevant a...
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1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these compan...
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Add to cart1. private insurers 2. government insurers - ANSWER 2 types of entities providing insurance today 1. stock insurance companies 2. mutual insurance companies - ANSWER the 2 largest types of commercial insurance companies Stock insurance companies - ANSWER owned by stockholders, these compan...
Reply promptly in writing - ANSWER If the Commissioner requests information from a producer, the producer is required to: The producer's license will lapse and they will be unlicensed - ANSWER In Mississippi, a producer has failed to complete their continuing education requirements by the licens...
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Add to cartReply promptly in writing - ANSWER If the Commissioner requests information from a producer, the producer is required to: The producer's license will lapse and they will be unlicensed - ANSWER In Mississippi, a producer has failed to complete their continuing education requirements by the licens...
The Commissioner of Insurance in Mississippi is elected to office for a term of - ANSWER 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - ANSWER The producer The fine the Commissioner may levy for violating any provision of the Insura...
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Add to cartThe Commissioner of Insurance in Mississippi is elected to office for a term of - ANSWER 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on - ANSWER The producer The fine the Commissioner may levy for violating any provision of the Insura...
Adverse selection - ANSWER insuring of risks that are more to losses than the average risk Agent/Producer - ANSWER legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insure...
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Add to cartAdverse selection - ANSWER insuring of risks that are more to losses than the average risk Agent/Producer - ANSWER legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or proposed insure...
Can insurers advertise the existence of the guaranty association during solicitation and sale of insurance policies? - ANSWER No, advertising of the existence of the guaranty association for the purposes of solicitation and sale of insurance policies by insurers is an illegal business practice. W...
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Add to cartCan insurers advertise the existence of the guaranty association during solicitation and sale of insurance policies? - ANSWER No, advertising of the existence of the guaranty association for the purposes of solicitation and sale of insurance policies by insurers is an illegal business practice. W...
chance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ...
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Add to cartchance or uncertainty of loss - ANSWER risk another term that means almost the same thing as risk is ______________ - ANSWER exposure people have developed several different methods for managing risks for serious financial losses. One method is simply to _________________. For example you can ...
To renew a producers' license, the producer must - ANSWER Satisfy the state's continuing education requirement The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWER Four years An incorporated insurer owned by its policyholders is known as a - ANSWER Mutual Insurer ...
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Add to cartTo renew a producers' license, the producer must - ANSWER Satisfy the state's continuing education requirement The Commissioner of Insurance in Mississippi is appointed for a term of - ANSWER Four years An incorporated insurer owned by its policyholders is known as a - ANSWER Mutual Insurer ...
Adverse Selection - ANSWER insuring of risks that are more prone to losses than the average risk Agent/Producer - ANSWER a legal Representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or propose...
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Add to cartAdverse Selection - ANSWER insuring of risks that are more prone to losses than the average risk Agent/Producer - ANSWER a legal Representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer Applicant or propose...
Homeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANSWER or special form, provides open peril coverage for loss to t...
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Add to cartHomeowners Policy - ANSWER Multiline Policy that protects property owners from property and liability risks HO-2 - ANSWER (broad form): covers the dwelling, other structures, and personal property on a named perils basis HO-3 - ANSWER or special form, provides open peril coverage for loss to t...
24 hrs & 3 of those hours ethics - ANSWER To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - A...
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Add to cart24 hrs & 3 of those hours ethics - ANSWER To renew a producer license which is been in affect more than 18 months, a producer must complete ___________ 12 hrs - ANSWER To renew a producer license which is been in effect for 18 months or less, a producer must complete________ of CE. 30 days - A...
lose license 1 year - ANSWER 30 day notice and company continues violation insurer's financial condition becomes unsound insurer's assets in excess of liabilities are less than the amount its original capital requires lose license 3 years - ANSWER A judgment rendered against the insurer b...
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Add to cartlose license 1 year - ANSWER 30 day notice and company continues violation insurer's financial condition becomes unsound insurer's assets in excess of liabilities are less than the amount its original capital requires lose license 3 years - ANSWER A judgment rendered against the insurer b...
A producer is suggesting replacement if a prospective insured is given all of the following advice, EXCEPT: - ANSWER Convert your Term insurance to Whole Life Which of the following would be a valid reason for suspending or revoking an insurance license? - ANSWER The producer misappropriated mone...
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Add to cartA producer is suggesting replacement if a prospective insured is given all of the following advice, EXCEPT: - ANSWER Convert your Term insurance to Whole Life Which of the following would be a valid reason for suspending or revoking an insurance license? - ANSWER The producer misappropriated mone...
In general, who can be excluded from a producer licensing and examination requirements? - ANSWER Insurance company officers, directors , or any there employees who do not transact insurance and who do not receive commisons for their services (usually their responsibility include administrative, exec...
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Add to cartIn general, who can be excluded from a producer licensing and examination requirements? - ANSWER Insurance company officers, directors , or any there employees who do not transact insurance and who do not receive commisons for their services (usually their responsibility include administrative, exec...
And example of life insurance policy replacement would be which of the following? - ANSWER Cash surrender an existing life policy and purchasing a new life policy. Before holding a hearing regarding an agent's unfair or deceptive practice, the Insurance Commissioner MUST give how many days notic...
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Add to cartAnd example of life insurance policy replacement would be which of the following? - ANSWER Cash surrender an existing life policy and purchasing a new life policy. Before holding a hearing regarding an agent's unfair or deceptive practice, the Insurance Commissioner MUST give how many days notic...
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