Exam (elaborations)
NC Accident and Health or Sickness Exam Prep (Group 2) Questions with Solutions
- Course
- Institution
NC Accident and Health or Sickness Exam Prep (Group 2)
[Show more]
Content preview
NC Accident and Health or SicknessExam Prep (Group 2)
An insurance company with a home office in Wisconsin that does business in Illinois is a
domestic company in Wisconsin. What kind of company is it in Illinois? - answer foreign
When collecting personal financial or health information, an insurance company is
required to do all of the following EXCEPT - answer provide individuals with copies of
documents disclosed to other parties.
Emil, an agent licensed in North Carolina, moves to a new home on April 30. He is
required to notify the North Carolina Department of Insurance by what date? - answer
May 10
Patty is interested in buying a life insurance policy. Her agent asks if she has any
existing policies. She does, and says that she would cancel her current policy if she
bought the policy from the agent. What is the agent now obligated to do? -
answerinform Patty of the consequences of replacing the policy
Which of the following best illustrates risk transfer? - answerAnita buys health insurance
to protect herself in case of serious illness.
Jennifer applied for a $500,000 whole life insurance policy. The insurer issued the policy
but classified her as a substandard risk, which cost her a higher premium. Which type of
policy delivery is recommended in this situation? - answeractual delivery
Which type of insurance company pays dividends to its stockholders? - answerstock
company
Abby lives in Maryland, where she is licensed as an insurance agent. She wants to
apply for a nonresident license in North Carolina. Which of the following conditions must
she satisfy? - answerShe must show her license to be in good standing in Maryland.
Beatrice is a member of the Supreme Lodge fraternal benefit society. What must
Beatrice do before she can sell insurance on its behalf? - answercomply with the same
general licensing requirements that apply to resident agents
Terry is licensed in North Carolina as a life and health insurance agent. To maintain his
license, how many hours of continuing education must he complete every two years? -
answer24
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller julianah420. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $14.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
67866 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now
