100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Previously searched by you
Previously searched by you
logo
Premerica exam Practice Questions and Answers | 100% Pass £8.15   Add to cart
Quickly navigate to
Preview
  2.  
  3. Life Insurance
  4.  
  5. Life insurance

Exam (elaborations)

Premerica exam Practice Questions and Answers | 100% Pass
 7 views  0 purchase
  • Module
  • Life insurance
  • Institution
  • Life Insurance

Premerica exam Practice Questions and Answers | 100% Pass Which of the following is TRUE about credit life insurance? - Answer️️ -Creditor is the policyowner The individual conversion policy CANNOT exceed - Answer️️ -The amount of insurance being terminated. A banker is ready to close...

[Show more]

Preview 2 out of 7  pages

Document information

  • September 1, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • page 1 of 6 premerica exam practice questions and

Written for

  • Life insurance
  • Life insurance

Seller

avatar-seller
SophiaBennett

Reviews received

Content preview

©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Premerica exam Practice Questions and
Answers | 100% Pass


Which of the following is TRUE about credit life insurance? - Answer✔️✔️-Creditor is the

policyowner


The individual conversion policy CANNOT exceed - Answer✔️✔️-The amount of

insurance being terminated.

A banker is ready to close on a customer's loan. The bank is prepared to offer the loan

but only if the customer purchases a life insurance policy from the bank in the amount of

the loan. This is an example of - Answer✔️✔️-Coercion.

What is the maximum amount of time that a person can have a temporary producer's

permit? - Answer✔️✔️-180 day

Which of the following is correct regarding credit life insurance? - Answer✔️✔️-It insures

the life of a debtor.

An insurer that holds a Certificate of Authority in the state in which it transacts business

is considered a/an - Answer✔️✔️-Authorized insurer.

An insurance company is domiciled in Montana and transacts insurance in Wyoming.

Which term best describes the insurer's classification in Wyoming? - Answer✔️✔️-

Foreign

Which of the following is the closest term to an authorized insurer? - Answer✔️✔️-

Admitted

Page 1 of 6

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

Quick and easy check-out

You can quickly pay through credit card for the summaries. There is no membership needed.

Focus on what matters

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 SophiaBennett. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for £8.15. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

77254 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now

Start selling
£8.15
  • (0)
  Add to cart