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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities 1. Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit$10.49
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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities 1. Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit
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Course
Xcel
Institution
Xcel
Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities
1. Fraternal Benefit Society has each of the following characteristics EXCEPT?
Incorporated
Without capital stock
Exists for profit
Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health
Insu ance and Annuities
1. Fraternal Benefit Society has each of the following characteristics EXCEPTANS
Incorporated Without capital
stock Exists for profit
Exists for the benefit of its members: Exists for profit(Fraternal benefit societies are not-for-profit entities which exis
for the benefit of their members)
2. The Fair Credit and Reporting Act's main purpose is toANS
Assist in the underwriting of insurance policies Protect Insurers from an
applicants misrepresentation
protect consumers with guidelines regarding credit reporting and distribution
Assist an insurer in determining an applicants creditworthiness: Protect con- sumers with guidelines regarding
credit reporting and distribution
3. What is considered to be the primary reason for buying life insuranceANS
Provide death benefits Provide money for
retirement Provide living benefits
Provide money for college: Provide death benefits
4. The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPTANS
Charities
Political Organizations Insurance sales
calls Surveys: Insurance sales calls
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