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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed CA$14.37   Add to cart

Exam (elaborations)

LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed

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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at the time of application? When a third-party applicant names themselves beneficiary. Which of the following is...

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  • January 26, 2024
  • 15
  • 2023/2024
  • Exam (elaborations)
  • Questions & answers
  • LA Life, Health & Accident Insurance Series 103
  • LA Life, Health & Accident Insurance Series 103

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By: ryanmorris-3 • 6 months ago

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LA Life, Health & Accident Insurance Series 103 Practice Exam Questions and Answers Already Passed Under which situation must insurable interest exist between the applicant and insured at t he time of application? ✔✔When a third -party applicant names themselves beneficiary. Which of the following is true about a decreasing term life policy? ✔✔The face amount reaches zero at policy expiration. Which of the following occurs immediately after the application is submitted and the initial premium paid? ✔✔The underwriting process begins For an individual long -term care policy there is an annual dollar limit for tax deductions that is based on which of the following? ✔✔Age All of the following ar e TRUE regarding incomplete applications EXCEPT ✔✔The incomplete application can be accepted with the missing information added later. Which of the following is exempted from the incontestability provision in insurance policies? ✔✔Fraudulent misstatements All of the following statements define preexisting conditions EXCEPT ✔✔Any chronic health condition that presents symptoms and which was unknown at the time of application. At which point are contractual death benefit settlement options determined and by whom? ✔✔At the time the policy is purchased by the owner of the policy All of the following are tax qualified retirement plans EXCEPT ✔✔Section 529 plan In which of the fol lowing does a covered employee agree to a reduction in compensation so the amount can be used to cover medical expenses? ✔✔Flexible Spending Account (FSA) A consumer report used to determine eligibility for insurance may include all of the following EXCEP T ✔✔Medical underwriting exam.

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