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NC Insurance Licensing Exam Questions and Answers Graded A+ $14.49
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NC Insurance Licensing Exam Questions and Answers Graded A+

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NC Insurance Licensing Exam

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  • 14 oktober 2024
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  • 2024/2025
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  • North Carolina accident and health insurance
  • North Carolina accident and health insurance
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julianah420
NC Insurance Licensing Exam

P is a producer who notices 5 questions on a life application were not answered. What
actions should P take? - answer Set up a meeting with the applicant to answer the
remaining questions

Which of the following does Social Security NOT provide benefits for? - answer
Dismemberment

An Accident/Health policyholder has ____ days to return the policy and receive a full
refund on premiums - answer10

Under a Renewable Term policy, - answerthe renewable premium is calculated on the
basis of the insured's attained age

Which of the following BEST describes a short-term medical expense policy? - answer
Nonrenewable

W is a 39-year old female who just purchased an annuity to provide income for life
starting at age 60. All of these would be acceptable annuity choices EXCEPT a(n) -
answerImmediate annuity

How are Roth IRA distributions normally taxed? - answerDistributions are received tax-
free

An insurance applicant was recently denied insurance coverage. The applicant is
requesting access from the insurer to recorded personal information regarding this
decision. Under the Information and Privacy Protection Act, the insurer MUST make the
information available within ___ business days - answer30

What is a warranty? - answeris a statement guaranteed to be true

S is a life insurance policyowner and enters into a written agreement to receive
immediate cash in exchange for the sale and transfer of her life insurance policy. This
agreement is referred to as a(n) - answerViatical Settlement

How is the Life and Health Insurance Guaranty Associated funded? - answerfrom
member companies

Quarterly premium payments increase the annual cost of insurance because -
answerinterest to the insurer is decreased while the administrative costs are increased

, Who does an insurance broker in North Carolina represent? - answerInsured

When an existing life insurance policy is being reissued with a reduction in cash value,
the agent must sign the - answerNotice Regarding Replacement of Life Insurance of
Annuity

Whole Life insurance policies are contractually guaranteed to provide each of the
following, EXCEPT - answerpartial withdrawal features beyond a surrender charge
period

K works for XYZ Clothing Store from September through December each year. K works
45 hours a week for this period of time. The employer's Group Policy would consider K -
answernot eligible for the insurance because as a seasonal employee K does not meet
the definition of "employee" under NC law

M is insured under a basic Hospital/Surgical Expense policy. A physician performs
surgery on M. What determines the claim M is eligible for? - answerDetermined by the
terms of the policy

Which health policy clause specifies the amount of benefits to be paid? -
answerInsuring

In order to establish a Health Reimbursement Arrangement (HRA), it MUST - answerbe
established by the employer

Defamation occurs when an agent makes a false statement intended to - answermalign
another insurer

Which of these circumstances REQUIRE an insurer to clearly specify questions
designed to obtain information solely for marketing research? - answerAny insurance
transaction

If its employees share in the cost of insurance, what type of group life insurance plan
would a corporation have? - answerContributory

The investment gains from a Universal Life Policy usually go toward: - answerthe cash
value

The Health Insurance Portability and Accountability Act (HIPAA) gives privacy
protection for: - answerhealth information

In North Carolina, an agent obtains his/her license from the - answerCommissioner of
Insurance

In North Carolina, a health policy that is paid on a quarterly basis requires a grace
period of - answer31 days

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