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Premerica exam Practice Questions and Answers | 100% Pass
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Premerica exam Practice Questions and Answers | 100% Pass Which of the following is TRUE about credit life insurance? - Answer️️ -Creditor is the policyowner The individual conversion policy CANNOT exceed - Answer️️ -The amount of insurance being terminated. A banker is ready to close...

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  • September 1, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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©SOPHIABENNETT
2024/2025 ACADEMIC YEAR




©SOPHIABENNETT 9/1/24 2024/2025

, Premerica exam Practice Questions and
Answers | 100% Pass


Which of the following is TRUE about credit life insurance? - Answer✔️✔️-Creditor is the

policyowner


The individual conversion policy CANNOT exceed - Answer✔️✔️-The amount of

insurance being terminated.

A banker is ready to close on a customer's loan. The bank is prepared to offer the loan

but only if the customer purchases a life insurance policy from the bank in the amount of

the loan. This is an example of - Answer✔️✔️-Coercion.

What is the maximum amount of time that a person can have a temporary producer's

permit? - Answer✔️✔️-180 day

Which of the following is correct regarding credit life insurance? - Answer✔️✔️-It insures

the life of a debtor.

An insurer that holds a Certificate of Authority in the state in which it transacts business

is considered a/an - Answer✔️✔️-Authorized insurer.

An insurance company is domiciled in Montana and transacts insurance in Wyoming.

Which term best describes the insurer's classification in Wyoming? - Answer✔️✔️-

Foreign

Which of the following is the closest term to an authorized insurer? - Answer✔️✔️-

Admitted

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