South Carolina life insurance exam study set Questions and Answers 2024 Verified

Nails should be filed: - CORRECT ANSWER-Outer edge/corner to center A product that shouldn't be used on your clients feet: - CORRECT ANSWERDisinfectant Which of the following services is outside the scope of practice for a licensed cosmo/nail tech? - CORRECT ANSWER-Cutting calluses (cutting/sh...

Annuity Certain - CORRECT ANSWER-Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - CORRECT ANSWER-The type of policy which pays on the death of the last person is called Malign another insurer - CORRE...

An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - CORRECT ANSWER-Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - CORRECT ANSWER-Family term insurance rider Disability income pl...

An insurer will accept a premium from the insured and continue theicoverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - CORRECT ANSWER-Grace period A person who is a nonsmoker, of average weight,...

The balance of the loan will be taken out of the death benefit - CORRECT ANSWER-If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - CORRECT ANSWER-An insurer receives a report regarding potential insured that includes ...

Abandonment - CORRECT ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - CORRECT ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "s...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is respon...

The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is respon...

Threats to internal validity include - CORRECT ANSWER-Testing, maturation, procedural infidelity Events that occur during the experiment but that are not related to planned procedural changes that may influence the outcomes. - CORRECT ANSWER-History Changes in behavior due to the passage of ti...