Tennessee Life Insurance Exam questions and answers 100% guaranteed success.
40 views 0 purchase
Module
Tennessee Life Insurance
Institution
Tennessee Life Insurance
Tennessee Life Insurance Exam questions and answers 100% guaranteed success.
Accelerated Benefits - correct answers.Riders attached to life insurance policies that allow deaths benefits to be used to cover nursing or convalescent home expenses
Accidental Death Benefits - cor...
Tennessee Life Insurance Exam questi ons and answers 100% guaranteed success. Accelerated Benefits - correct answe rs.Riders attached to life insurance policies that allow deaths benefits to be used to cover nursing or convalescent home expenses Accidental Death Benefits - correct answers.A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death. Accidental Death Insurance - correct answers.An insurance policy that provides payment if the insured' death is the result of an accident Accumulation period - correct answers.The time befo re an annuitant's retirement during which the annuitant is making payments or investments in an annuity Actual Cash Value ACV - correct answers.The required amount to pay damages or the property loss. This amount is calculated based on the property's current replacement value minus depreciation. Adhesion - correct answers.A contract offered on a "take it or leave it" basis by an insurer, in which the insured's only option is to either accept or reject the contract. Any ambiguities in the contract will be settled in favor of the insured. Adjustable Life - correct answers.Life insurance that permits changes i n the face amount, premium amount, period of protection, and the duration of the premium payment period. Adjuster - correct answers.A representative of an insurance company who investigates and acts on the behalf of the company to obtain agreements for th e amount of the insurance claim. Administrator - correct answers.An individual appointed by a court as a fiduciary to settle the financial affairs and estate of a deceased person. Admitted (Authorized) Insurer - correct answers.An insurance company autho rized and licensed to transact business in a particular state. Adverse Selection - correct answers.The tendency of risks with higher probability of loss to purchase and maintain insurance more often than the risks who present lower probability. Agency - correct answers.An insurance sales office or company Agent - correct answers.An agent who is licensed to sell, negotiate, or effect insurance contracts on behalf of the insurer. Agent Appointment - correct answers.The authorization of an agent to act for or represent an insurer. Agent's Authority - correct answers.Special powers granted to an agent by his or her agency contract. Aleatory - correct answers.A contract in which participating parties exchange unequal amount. Insurance contracts are aleatory in that the amount the insured will pay in premiums in unequal to the amount the insurer will pay in the event of a loss. Alien Insurer - correct answers.An insurance company that is incorporated outside the United States. Annual Statement - correct ans wers.A detailed financial report that an insurance company must submit every year to the insurance department of state (s) in which it conducts business. Annuity - correct answers.A contrast that provides income for a specified period of years or for life. Apparent Authority - correct answers.The appearance of the assumption of authority based on the actions, words,or deeds of the principal or because of c ircumstances the principal created. Applicant - correct answers.A person making application for or offering himself, herself or another to be insured under an insurance contract.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller techgrades. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £8.97. You're not tied to anything after your purchase.
