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Michigan Laws and Rules Pertinent to Insurance Exam Questions and Answers
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Michigan Laws and Rules Pertinent to Insurance Exam Questions and Answers
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Michigan Laws and Rules Pertinent toInsurance Exam Questions and Answers
The branch of dentistry which deals with the replacement of missing parts is called -
Answer -Prosthodontics
Under which circumstance may a minor receive proceed from a death benefit? - Answer
-The minor must have an appointed guardian
A producer may give an insurance applicant an article of merchandise having an invoice
value of _____ or less - Answer -$5
All of the following activities require an insurance producer's license EXCPET - Answer -
Underwriting
The act of using misrepresentation to insured person to terminate an existing policy and
purchase a new policy is referred to as - Answer -twisting
Which of the following is included in the entire contract according to the entire contract
provision? - Answer -Application
Which of the following actions is REQUIRED by a producer who is replacing an existing
life insurance policy? - Answer -Submit to the replacing insurer a list of the policies to be
replaced
An insurance producer license is required for which of the following? - Answer -A
business entity policing insurance
A producer's license is required for all of these activities EXCPET - Answer -
Underwriting insurance
A life insurance application may be backdated to - Answer -save on premiums
Before operating under an assumed name, a producer MUST notify the - Answer -
Commissioner
Tim purchases an insurance policy from a producer. The producer must present to Tim
a notice detailing privacy policies and practices. After this initial notice, Time must be
provided another notice - Answer -annually
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