Life Insurance Exam Questions & 100% Correct Answers- Latest Test | Graded A+ | Passed
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Course
Life Insurance
Institution
Life Insurance
The Commissioner conducts an examination of a domestic insurer and believes that the
costs of examination places an unreasonable financial burden on the insurer. Which of the
following will happen?
a. The federal government will absorb the full cost
b. The federal government will absorb part...
Life Insurance Exam Questions & 100%
Correct Answers- Latest Test | Graded A+ |
Passed
The Commissioner conducts an examination of a domestic insurer and believes that the
costs of examination places an unreasonable financial burden on the insurer. Which of the
following will happen?
a. The federal government will absorb the full cost
b. The federal government will absorb part of the cost, and the state government will
absorb the rest of the cost
c. The costs will be reduced to the amount that the examinee can reasonable pat; the rest
will be paid by the federal government
d. The Commissioner's office may pay all or part of the costs
✓ -:- d. The Commissioner's office may pay all or part of the costs
Forcing a client to buy insurance from a particular lender as a condition of granting a loan is
Which type of misrepresentation persuades an insured, to his or her detriment, to cancel,
lapse, or switch policies from one to another?
a. False advertising
b. Rebating
c. Twisting
d. Switching
✓ -:- c. Twisting
An insurer can refuse, cancel or deny insurance coverage to a class of risks based on which
of the following?
a. Moral character
b. Physical condition or developmental disability
c. Sexual preference
d. None of the above
✓ -:- d. None of the above
If a person does not comply with an order issued within 2 weeks after the Commissioner has
given notice, for each day that the violation continues, the Commissioner may issue a fine
of up to
4|Page | Grade A+| 2024/2025
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