NC LIFE INSURANCE EXAM PACK | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

1 NC LIFE INSURANCE PRACTICE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing No...

NC LIFE INSURANCE STATE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ CREDIT LIFE Correct Answer: a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS Corr...

NC LIFE EXAM SIMULATION | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? Correct Answer: increase face amount 2. If the Commissioner of insurance finds...

NC LIFE INSURANCE STATE EXAM STUDY GUIDELINE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Term Insurance Correct Answer: Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insur...

NC LIFE INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Fraternal Benefit Society Correct Answer: An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representativ...

NC LIFE INSURANCE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner Correct Answer: A policy summary and buyer's guide All of the following actions are considered rebatin...

NC LIFE INSURANCE PRACTICE EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) W...

NC LIFE AND HEALTH INSURANCE STUDY EXAM | QUESTIONS & 100% CORRECT ANSWERS (VERIFIED) | LATEST UPDATE | GRADEA+ Which of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium Correct Answer: C Univ...