Exam (elaborations)
Life Insurance Practice Exam(Graded A+)
- Module
- Institution
The ownership provision entities the policy owner to do all of the following EXCEPT a) Assign the policy. b) Designate a beneficiary. c) Set premium rates. d) Receive a policy loan. - ANSWERSc) Set premium rates. The insurer sets premium rates based upon underwriting considerations. Wh...
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