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PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS
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PRIMERICA LIFE INSURANCE EXAM PRACTICE QUESTIONS AND ANSWERS | 100% PASS 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 in...

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  • September 1, 2024
  • 77
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • primerica life insurance exam practice questions a

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  • Life insurance
  • Life insurance

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, PRIMERICA LIFE INSURANCE EXAM
PRACTICE QUESTIONS AND ANSWERS
| 100% PASS

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

c. nonprofit service organization

d. stock - Answer✔️✔️-A. mutual



funds not paid out after paying claims and other operating costs are returned to the

policy owners in the form of a dividend. if all funds are paid out, no dividends are paid

Following a career change, an insured is no longer required to perform many physical

activities, so he has implemented a program where he walks and jogs for 45 minutes

each morning. The insured has also eliminated most fatty foods from his diet. Which

method of dealing with risk does this scenario describe?



a. retention

b. reduction

Page 1 of 76

,c. transfer

d. avoidance - Answer✔️✔️-B. reduction



the insured's change in lifestyle and habits would likely reduce the chances of health

problems

In insurance, an offer is usually made when



a. an applicant submits an application to the insurer

b. the insurer approves the application and receives the initial premium

c. the agent hands the policy to the policyholder

d. an agent explains a policy to a potential applicant - Answer✔️✔️-A. an applicant

submits an application to the insurer



in insurance, the offer is usually made by the applicant in the form of an application.

acceptance takes place when an insurer's underwriter approves the application and

issues a policy

the causes of loss insured against in an insurance policy are known as



a. perils

b. losses

c. risks

d. hazards - Answer✔️✔️-A. perils




Page 2 of 76

, perils are the causes of loss insured against in an insurance policy

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



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



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


Page 3 of 76

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