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NEWEST PRIMERICA LIFE INSUARANCE EXAM (A NEW UPDATED VERSION) ACTUAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) |GUARANTEED PASS A+ (BRAND NEW!!)$20.49
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NEWEST PRIMERICA LIFE INSUARANCE EXAM (A NEW UPDATED VERSION) ACTUAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) |GUARANTEED PASS A+ (BRAND NEW!!)
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NEWEST PRIMERICA LIFE INSUARANCE
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NEWEST PRIMERICA LIFE INSUARANCE
NEWEST PRIMERICA LIFE INSUARANCE EXAM (A NEW UPDATED VERSION) ACTUAL QUESTIONS AND WELL ELABORATED ANSWERS (100% CORRECT VERIFIED ANSWERS) |GUARANTEED PASS A+ (BRAND NEW!!)
NEWEST PRIMERICA LIFE INSUARANCE EXAM (A NEW
UPDATED VERSION) 2024-2025 ACTUAL QUESTIONS AND
WELL ELABORATED ANSWERS (100% CORRECT
VERIFIED ANSWERS) |GUARANTEED PASS A+ (BRAND
NEW!!)
what documentation grants express authority to an agent?
a. agents contract with the principal
b. agents insurance license
c. fiduciary contract
d. state provisions - Answer-A. agents contract with the principal
rationale: the principal grants authority to an agent through the agent's
contract
which of the following best describes an insurance company that has
been formed under the laws of this state?
a. domestic
b. sovereign
c. alien
,d. foreign - Answer-A. domestic
rationale: a company is domestic when doing business within the state
in which it is incorporated
which of the following factors is NOT considered by an underwriter
when determining the premium rates for an individual seeking
insurance?
a. medical history
b. sex
c. age
d. race - Answer-D. race
rationale: age, medical history, and sex provide sound statistical date
for determining the probability of loss. Race, religion, sexual
orientation, etc. are the factors that cannot be used because there is
not sound statistical data to show that they effect the probability of
loss; therefore, they are considered to be discriminatory
in insurance transactions, fiduciary responsibility means
a. handling insurer funds in a trust capacity
b. maintaining good credit record
,c. being liable with respect to payment of claims
d. commingling premiums with agents personal funds - Answer-A.
handling insurer funds in a trust capacity
rationale: an agents fiduciary responsibility includes handling insurer
funds in a trust capacity
the authority granted to an agent through the agent's contract is
referred to as
a. absolute authority
b. express authority
c. apparent authority
d. implied authority - Answer-B. express authority
rationale: express powers are written into the contract between the
insurer and the agent
insurance policies are not drawn up though negotiations, and an
insured has little to say about its provisions. what contract
characteristic does this describe?
a. unilateral
b. conditional
, c. personal
d. adhesion - Answer-D. adhesion
rationale: a contract of adhesion is prepared by only the insurer; the
insured's only option is to accept or reject the policy as its written
which of the following insurers are owned by stockholders who have
the usual rights of ownership, including the right of voting?
a. reciprocal
b. fraternal
c. stock
d. mutual - Answer-C. stock
rationale: only stock insurance companies are owned and controlled by
stockholders
An insured purchased an insurance policy 5 years ago. Last year, she
received a dividend check from the insurance company that was not
taxable. This year, she did not receive a check from the insurer. From
what type of insurer did the insured purchase the policy?
a. mutual
b. reciprocal
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