Kansas Life Insurance Exam Questions and Answers

Entire Contract Ans- is the provision that states that the producer does NOT have the authority to change the policy or waive any of its provisions Entire Contract Ans- is the provision that states that the producer does NOT have the authority to change the policy or waive any of its provisio...

Is it right to kill every one of the quail in a covey? Ans- No A wounded deer staggers and falls near you. You see another hunter tracking the deer. Would it be right for you to kill the deer and tag it? Ans- No Explain how the right in Kansas is subject to reasonable laws and regulations. An...

Ethics Ans- your own unwritten rules that determine how you will behave. A hunter has a responsibility to Ans- know the laws, one's abilities, one's equipment, and the game one hunts. In Kansas private landowners Ans- are the key to future hunting because they own most of the land An ethical...

The Kansas Life and Health Insurance Guaranty Act Association Ans- provides payment for covered claims under certain insurance policies in the event that a company is insolvent What are the limits of the KLHIGAA? Ans- Life: $100,00 in death benefits; $100,00 in net surrender value Annuities: $...

Producer Ans- An individual and/or an entity authorized in writing (through a company contract) by a lawfully qualified insurance company to transact, negotiate, or effect contracts of insurance on behalf of that insurance company. Resident Producer Ans- A person that resides in a state and i...

Insurance Ans- - Transfers the risk of loss from an individual to an insurer - Based on the principle of indemnity - Based on the spreading of risk (risk pooling ) and the law of large Insurable Interest Ans- - Must exist at the time of application - Insuring one's own life, family member, or...