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NC Accident and Health or Sickness Exam Prep (Group 2) Questions with Solutions
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NC Accident and Health or Sickness Exam Prep (Group 2)
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NC Accident and Health or SicknessExam Prep (Group 2)
An insurance company with a home office in Wisconsin that does business in Illinois is a
domestic company in Wisconsin. What kind of company is it in Illinois? - answer foreign
When collecting personal financial or health information, an insurance company is
required to do all of the following EXCEPT - answer provide individuals with copies of
documents disclosed to other parties.
Emil, an agent licensed in North Carolina, moves to a new home on April 30. He is
required to notify the North Carolina Department of Insurance by what date? - answer
May 10
Patty is interested in buying a life insurance policy. Her agent asks if she has any
existing policies. She does, and says that she would cancel her current policy if she
bought the policy from the agent. What is the agent now obligated to do? -
answerinform Patty of the consequences of replacing the policy
Which of the following best illustrates risk transfer? - answerAnita buys health insurance
to protect herself in case of serious illness.
Jennifer applied for a $500,000 whole life insurance policy. The insurer issued the policy
but classified her as a substandard risk, which cost her a higher premium. Which type of
policy delivery is recommended in this situation? - answeractual delivery
Which type of insurance company pays dividends to its stockholders? - answerstock
company
Abby lives in Maryland, where she is licensed as an insurance agent. She wants to
apply for a nonresident license in North Carolina. Which of the following conditions must
she satisfy? - answerShe must show her license to be in good standing in Maryland.
Beatrice is a member of the Supreme Lodge fraternal benefit society. What must
Beatrice do before she can sell insurance on its behalf? - answercomply with the same
general licensing requirements that apply to resident agents
Terry is licensed in North Carolina as a life and health insurance agent. To maintain his
license, how many hours of continuing education must he complete every two years? -
answer24
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