MN LIFE ACCIDENT & HEALTH PAPERS GRADED A+

MN LIFE ACCIDENT & HEALTH PRODUCER EXAM VERIFIED A Risk Concepts What type of risk involves the chance of loss or gain, and is not insurable? Options: a. Speculative risk; b. Pure risk; c. Peril; d. Moral hazard Answer: a. Speculative risk; Risk Types Which type of risk involves the chan...

MN Life License Study Guide Already Graded A+ Policy Types Which type of policy does the owner pay the same premium throughout the term of the contract? Options: a. Level premium policy; b. Increasing premium policy; c. Decreasing premium policy; d. Term life insurance Answer: a. Level pre...

MN Life Insurance Commissioner's Duties What is NOT a duty of the Commissioner? Options: a. Issue an insurance license for a producer; b. Make state insurance laws; c. Handle insurance-related consumer complaints; d. Enforce state insurance laws Answer: b. Make state insurance laws; Unfai...

Minnesota Laws, Rules and Regulations Common to Life, Health, Property, and Casualty Insurance Commissioner's Oversight How often does the Commissioner examine each insurer? Options: a. 1 year; b. 2 years; c. 5 years; d. 10 years Answer: c. 5 years; Cease and Desist Order What is the ...

Xcel Testing Solutions- Life and Health Insurance- Weighted Exam- 150 Questions Already Rated A+ Do Not Call Registry Which types of calls are exempt from the Do Not Call Registry? Options: a. Insurance sales calls; b. Charity, political organization, and survey calls Answer: b. Charity, p...

Life Insurance State Exam Ch. 8 Verified Solution Commissioner of Insurance Who is the chief executive officer and Director of the department of insurance, and what powers and duties do they have? Options: a. The Commissioner is the chief executive officer and Director of the department of i...

1 - Basic Principles of Life and Health Insurance and Annuities Policy Premiums and Beneficiaries What type of policy has a level premium throughout the term of the contract? Options: a. Level premium policy; b. Decreasing premium policy; c. Increasing premium policy; d. Variable premium polic...

Chapter Exam (1)- Basic Principles of Life and Health Insurance and Annuities Nonprofit Organizations What type of nonprofit organization operates without capital stock and benefits its members? Options: a. Fraternal benefit society; b. Stock insurer; c. Mutual insurer; d. Life and Health In...