all of the following are ownership rights EXCEPT: A: changing the beneficiary of the policy B: borrowing funds against cash value C: switching the policy from on insured to another D: assigning all of the rights of the policy to another person - Answer- C: switching the policy from on insured to an...
PSI Practice exam NJ
Questions And Answers
[Date]
2024
, NJ pesticide core
PSI Practice exam NJ Questions And
Answers 2024
Quiz :all of the following are ownership rights EXCEPT:
A: changing the beneficiary of the policy
B: borrowing funds against cash value
C: switching the policy from on insured to another
D: assigning all of the rights of the policy to another person - Answer :C: switching the
policy from on insured to another
Quiz :which of the following is characteristic of a non qualified plan:
A: defined vesting schedule
B: plan established by the employer
C: plan does not meet federal guidelines for tax benefits
D: employer contributions are deductible business expense - Answer :C: plan does not meet
federal guidelines for tax benefits
Quiz :How do warranties differ from representations?
A: a warranty is guaranteed to be true, a representation is believed to be true to the best of
one's knowledge
B: a representation is guaranteed to be true, a warranty is believed to be true to the best of
one's knowledge
C: a warranty is issued by the insurer, a representation is a statement provided by the
applicant
D: an incorrect representation automatically voids a contract, whereas an incorrect warranty
must be proven - Answer :A: a warranty is guaranteed to be true, a representation is believed
to be true to the best of one's knowledge
Quiz :in which of the following must a beneficiary change request be filed in writing to the
insurer and is made effective by the insurance company:
A: designation option
B: recording method
C: endorsement method
D: succession of beneficiaries - Answer :B: recording method
NJ pesticide core
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