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NC INSURANCE LICENSING EXAM QUESTIONS AND ANSWERS 100% PASS (SPRING)
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NC INSURANCE LICENSING EXAM QUESTIONS AND ANSWERS 100% PASS (SPRING)
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NC INSURANCE LICENSING EXAMQUESTIONS AND ANSWERS 100% PASS
(SPRING)
P is a producer who notices 5 questions on a life application were not answered. What actions
should P take? ✔✔Set up a meeting with the applicant to answer the remaining questions
Which of the following does Social Security NOT provide benefits for? ✔✔Dismemberment
An Accident/Health policyholder has days to return the policy and receive a full refund
onpremiums ✔✔10
Under a Renewable Term policy, ✔✔the renewable premium is calculated on the basis of the
insured's attained age
Which of the following BEST describes a short-term medical expense policy?
✔✔Nonrenewable
,W is a 39-year old female who just purchased an annuity to provide income for life starting
at age 60. All of these would be acceptable annuity choices EXCEPT a(n) ✔✔Immediate
annuity
How are Roth IRA distributions normally taxed? ✔✔Distributions are received tax-free
An insurance applicant was recently denied insurance coverage. The applicant is
requestingaccess from the insurer to recorded personal information regarding this
decision. Under theInformation and Privacy Protection Act, the insurer MUST make the
information available within business days ✔✔30
What is a warranty? ✔✔is a statement guaranteed to be true
S is a life insurance policyowner and enters into a written agreement to receive immediate
cash in exchange for the sale and transfer of her life insurance policy. This agreement is
referred to asa(n) ✔✔Viatical Settlement
How is the Life and Health Insurance Guaranty Associated funded? ✔✔from member
companies
, Quarterly premium payments increase the annual cost of insurance because ✔✔interest to the
insurer is decreased while the administrative costs are increased
Who does an insurance broker in North Carolina represent? ✔✔Insured
When an existing life insurance policy is being reissued with a reduction in cash value, the
agent must sign the ✔✔Notice Regarding Replacement of Life Insurance of Annuity
Whole Life insurance policies are contractually guaranteed to provide each of the
following,EXCEPT ✔✔partial withdrawal features beyond a surrender charge period
K works for XYZ Clothing Store from September through December each year. K works
45hours a week for this period of time. The employer's Group Policy would consider K
✔✔not
eligible for the insurance because as a seasonal employee K does not meet the definition of
"employee" under NC law
M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on
M. What determines the claim M is eligible for? ✔✔Determined by the terms of the policy
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