Life Insurance Tennessee State Exam 60 QUESTIONS with 100% Correct Answers| LATEST UPDATE 2024| GRADED A+|
3 views 0 purchase
Course
Life Insurance Tennessee State
Institution
Life Insurance Tennessee State
An engineering firm that would suffer from the death of a project manager should purchase a...
- ANSWER>> A Key Person Life Policy
In Tennessee, the MAXIMUM fine that the Commissioner can impose on a produce is per
violation. - ANSWER>> $1,000
Which is true concerning a...
Life Insurance Tennessee State Exam 60 QUESTIONS with 100%
Correct Answers|LATEST UPDATE 2024| GRADED A+|
An engineering firm that would suffer from the death of a project manager should purchase a...
- ANSWER>> A Key Person Life Policy
In Tennessee, the MAXIMUM fine that the Commissioner can impose on a produce is
per
violation. - ANSWER>> $1,000
Which is true concerning a Variable Universal Life policy? - ANSWER>> Policy owner controls
where theinvestment will go and selects the amount of the premium payment
Company Z has a Cross Purchase Buy-Sell Agreement in place among its three founding
partners, if the agreement is funded with individual life insurance, what would it require? -
ANSWER>> Each partner must own a policy on the other partners
If a producer commits an act of coercion or intimidation, how would the producer's insurance
company be held responsible? - ANSWER>> The insurer approves the act
Which life insurance rider typically appears on a Juvenile life insurance policy? -
ANSWER>> PayorBenefit Rider
What is considered to be a characteristic of an immediate annuity? - ANSWER>> Benefit
payments startwithin one payment period of purchase
Unfair discrimination is BEST described as... - ANSWER>> charging a different rate for
someone in thesame actuarial class
This study source was downloaded by 100000888206670 from CourseHero.com on 08 -13-2024 03:44:51 GMT -05:00
, In order for coverage on a non-medical insurance application to take effect the same day, the
producer must collect a signed application and - ANSWER>> The initial premium
Which statement regarding a Key Employee Life policy is NOT true? - ANSWER>> The
beneficiary is named by the key employee
The automatic premium loan provision is designed to... - ANSWER>> Avoid policy lapse
A licensed producer can be BEST described as a/an... - ANSWER>> individual who places
insurance onbehalf of anyone seeking insurance
A business entity can be described as a/an... - ANSWER>> an association or a limited liability
company
Which of the following is an important underwriting principle of group life insurance? -
ANSWER>> Everyone must be covered in the group
Which of the following consists of an offer, acceptance, and consideration? - ANSWER>>
Contract
A producer MUST leave a buyer's guide with an applicant for which type of policy? -
ANSWER>> Universal Life Insurance
What is the purpose of a Policy Summary? - ANSWER>> It highlights the critical parts of
the policyissued
This study source was downloaded by 100000888206670 from CourseHero.com on 08 -13-2024 03:44:51 GMT -05:00
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller kiarienaomi88. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $7.99. You're not tied to anything after your purchase.
