PRIMERICA LIFE INSURANCE EXAM 2024 ACTUAL
EXAM COMPLETE 300 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS)
ALREADY GRADED A+
the causes of loss insured against in an
insurance policy are known as
a. perils
b. losses
c. risks
d. hazards - CORRECT ANSWER >>>>A. perils
perils are the causes of loss insured against in
an insurance policy
what documentation grants express authority
to an agent?
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a. agents contract with the principal
b. agents insurance license
c. fiduciary contract
d. state provisions - CORRECT ANSWER >>>>A.
agents contract with the principal
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 - CORRECT ANSWER >>>>A. domestic
a company is domestic when doing business
within the state in which it is incorporated
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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 - CORRECT ANSWER >>>>D. race
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
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b. maintaining good credit record
c. being liable with respect to payment of
claims
d. commingling premiums with agents personal
funds - CORRECT ANSWER >>>>A. handling
insurer funds in a trust capacity
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 - CORRECT ANSWER >>>>B.
express authority
express powers are written into the contract
between the insurer and the agent
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