Idaho Life Insurance Exam bundle(complete package)

Idaho Property & Casualty Exam Prep Questions and Answers (Graded A) Idaho Property & Casualty Exam Prep Questions and Answers (Graded A) Idaho Property & Casualty Exam Prep Questions and Answers (Graded A) Idaho Property & Casualty Exam Prep Questions and Answers (Graded A) Idah...

A producer has committed an Insurance crime that violates U.S. code 1033 (interstate commerce). Who would be responsible for the prosecution of this crime? - ANSWER-Us attorney General A life settlement broker may NOT - ANSWER-Make any transactions before being approved for a license What prov...

When an insurance agency published an advertising brochure, it emphasized the company's financial stability and sound business practices. In reality, it's financial health is terrible, and the company will soon have to file for bankruptcy. Which of the following terms best describes the advertisem...

Director examination of insurer at least once every ________ years - ANSWER-5 Maximum fine of ________ for an individual for each insurance code violation, imprisonment for ________ months or both - ANSWER-$1000, 6 Maximum insurer insurance code fine per violation - ANSWER-$5000 Maximum fin...

A violation of the insurance laws and regulations in Idaho could result in a monetary fine up to: - ANSWER-$5000 The minimum limits of a basic automobile liability insurance required by the state of Idaho is: - ANSWER-25/50/15 A violation of unfair insurance claims practices will result in whi...

The three ratios/components to a book of business are - ANSWER-loss ratio, expense ration, combined ratio what is the purpose of a rate - ANSWER-premium determination Rate is based on - ANSWER-exposures Which of the following would satisfy the NFIP certification requirements - ANSWER-3 hour...

State Minimum For Motor Vehicle Liability Insurance - ANSWER-$25,000 for one, $50,000 two/more, $15,000 for destruction of another's property. consequences for unable to provide proof of financial responsibility - ANSWER-fine $75 for first offense. Second and after- fine up to $1000; imprisonmen...

another name for insurance agent is: principal producer broker recorder - ANSWER-producer another name for insurer is: principal producer broker policymaker - ANSWER-principal The Broad Form Products Coverage endorsement in commercial auto policies does which of the following? A...

Insurance Transaction - ANSWER-Solicitation, negotiations, sale, advising an individual concerning coverage or claims negotiation - ANSWER-offer advice/communicate directly with purchaser regarding benefits Sale - ANSWER-effectuation of a contract of insurance Insurance Contract - ANSWER-Ag...

An insured condominium unit owner wants to purchase fire and extended coverage for personal property and liability coverage for himself and his family members. He should purchase - ANSWER-HO-6 Which of the following best describes the amount of loss assessment coverage included under a homeowners...

In Idaho, an insurer is required to give the named insured at least _____ days notice in writing of total premium increases greater than 10% resulting from an increase in rates, changes in deductibles, reduction in limits, or reduction in coverage. 30 20 45 60 - ANSWER-30 In Idaho, wha...

What does life insurance protect against? - ANSWER-Dying too soon. What happens to the death benefit with a Variable Universal Life Policy? - ANSWER-It may increase/decrease within limits. Who sells insurance to a client and owes a fiduciary duty to an insurance company? - ANSWER-The Agent/Pro...

Accelerated Benefits - ANSWER-Riders attached to life insurance policies that allow death benefits to be used to cover nursing or convalescent home expenses. Accidental Death Benefits - ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the...

Which of the following statements describes one of the reasons individuals purchase life insurance? - ANSWER-2. It creates an immediate estate. How long is the grace period for an individual life insurance policy? - ANSWER-1 month In this state the owner gets a "free look" of a specified num...