NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam Bundle(RATED A) NC State LIFE Insurance Exam ...
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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 North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General...
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Add to cartAll 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 North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General...
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWERA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWERSharing commissions with other licensed and appointed agents What benefit does the Payor ...
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Add to cartAn agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWERA policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - ANSWERSharing commissions with other licensed and appointed agents What benefit does the Payor ...
Term Insurance - ANSWERUsed for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - ANSWERExpire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level ...
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Add to cartTerm Insurance - ANSWERUsed for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - ANSWERExpire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level ...
CREDIT LIFE - ANSWERa 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 - ANSWERa legal contract that determines what will be done with a business in the event that an owner dies or becomes dis...
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Add to cartCREDIT LIFE - ANSWERa 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 - ANSWERa legal contract that determines what will be done with a business in the event that an owner dies or becomes dis...
Admitted insurer - ANSWERBlackstone Insurers is incorporated in New York, where it has also received a certificate of authority to transact insurance. what type of insurer is Blackstone in New York? Legal Delivery - ANSWERJennifer applied for a $500,000 whole life insurance policy. the insurer is...
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Add to cartAdmitted insurer - ANSWERBlackstone Insurers is incorporated in New York, where it has also received a certificate of authority to transact insurance. what type of insurer is Blackstone in New York? Legal Delivery - ANSWERJennifer applied for a $500,000 whole life insurance policy. the insurer is...
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 - ANSWERC Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again...
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Add to cartWhich of the following is NOT a characteristic of universal life insurance? A Flexible death benefit B Cash account C Fixed premium D Unbundled premium - ANSWERC Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again...
Insurable Interest - ANSWERSomething of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - ANSWERWrong person takes medical examination/test in connection with application for insurance....
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Add to cartInsurable Interest - ANSWERSomething of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - ANSWERWrong person takes medical examination/test in connection with application for insurance....
Insurable Receipt - ANSWERThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - ANSWERStatements in the application for insurance that are believed to be true to the best of the applicants knowledge a...
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Add to cartInsurable Receipt - ANSWERThe reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - ANSWERStatements in the application for insurance that are believed to be true to the best of the applicants knowledge a...
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