NC Insurance Licensing Exam Questions and Answers 100% Pass
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Course
NC Life Insurance
Institution
NC Life Insurance
NC Insurance Licensing Exam Questions and Answers 100% Pass
P is a producer who notices 5 questions on a life application were not answered. What actions should P take?
Set up a meeting with the applicant to answer the remaining questions
Which of the following does Social Security NOT provi...
NC Insurance Licensing Exam Questions and
Answers 100% Pass
P is a producer who notices 5 questions on a life application were not answered. What actions should
P take?
Set up a meeting with the applicant to answer the remaining questions
Which of the following does Social Security NOT provide benefits for?
Dismemberment
An Accident/Health policyholder has ____ days to return the policy and receive a full refund on
premiums
10
Under a Renewable Term policy,
the renewable premium is calculated on the basis of the insured's attained age
Which of the following BEST describes a short-term medical expense policy?
Nonrenewable
W is a 39-year old female who just purchased an annuity to provide income for life starting at age 60.
All of these would be acceptable annuity choices EXCEPT a(n)
Immediate annuity
How are Roth IRA distributions normally taxed?
Distributions are received tax-free
An insurance applicant was recently denied insurance coverage. The applicant is requesting access
from the insurer to recorded personal information regarding this decision. Under the Information and
Privacy Protection Act, the insurer MUST make the information available within ___ business days
30
What is a warranty?
is a statement guaranteed to be true
S is a life insurance policyowner and enters into a written agreement to receive immediate cash in
exchange for the sale and transfer of her life insurance policy. This agreement is referred to as a(n)
Viatical Settlement
How is the Life and Health Insurance Guaranty Associated funded?
from member companies
Quarterly premium payments increase the annual cost of insurance because
interest to the insurer is decreased while the administrative costs are increased
, Who does an insurance broker in North Carolina represent?
Insured
When an existing life insurance policy is being reissued with a reduction in cash value, the agent must
sign the
Notice Regarding Replacement of Life Insurance of Annuity
Whole Life insurance policies are contractually guaranteed to provide each of the following, EXCEPT
partial withdrawal features beyond a surrender charge period
K works for XYZ Clothing Store from September through December each year. K works 45 hours a
week for this period of time. The employer's Group Policy would consider K
not eligible for the insurance because as a seasonal employee K does not meet the definition of
"employee" under NC law
M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on M. What
determines the claim M is eligible for?
Determined by the terms of the policy
Which health policy clause specifies the amount of benefits to be paid?
Insuring
In order to establish a Health Reimbursement Arrangement (HRA), it MUST
be established by the employer
Defamation occurs when an agent makes a false statement intended to
malign another insurer
Which of these circumstances REQUIRE an insurer to clearly specify questions designed to obtain
information solely for marketing research?
Any insurance transaction
If its employees share in the cost of insurance, what type of group life insurance plan would a
corporation have?
Contributory
The investment gains from a Universal Life Policy usually go toward:
the cash value
The Health Insurance Portability and Accountability Act (HIPAA) gives privacy protection for:
health information
In North Carolina, an agent obtains his/her license from the
Commissioner of Insurance
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