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NC Accident and Health or Sickness Exam Prep (Group 3) Questions and Answers Fully Solved
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NC Accident and Health or Sickness Exam Prep (Group 3)
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NC Accident and Health or SicknessExam Prep (Group 3)
A person who smokes heavily and drinks alcohol to excess exhibits what kind of an
insurance risk? - answer physical hazard
The Commissioner of Insurance cannot suspend or revoke an agent's license for which
of the following reasons? - answer failing to meet projected sales goals
To boost her sales at the end of the year, Agent Trudy started offering potential clients a
$250 cash gift card in exchange for purchasing a life insurance policy. Which ethical
sales practice has Agent Trudy violated? - answer rebating
When meeting with a prospect to discuss life insurance, Agent Tyler makes disparaging
comments about the financial stability and reputation of a competitor to dissuade the
prospect from purchasing its policies. Which unfair trade practice has Agent Tyler
committed? - answer defamation
An insurer must notify its current customers of its privacy policies or practices at least
once every how often? - answer12 months
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
An insurance company keeps a policy in force only if the policyowner pays the premium
because the policy is what kind of a contract? - answerconditional
Best Insurance Company is incorporated in Canada and just applied for a license to
transact insurance in North Carolina. Which type of insurer is Best Insurance Company
considered in North Carolina? - answeralien
Johnson Industries funds its workers' compensation program. It will use these funds to
pay employee's claims. What type of insurer is Johnson Industries? - answerself-insurer
When classifying insurance risks, insurance underwriters most often use the: -
answernumerical rating system
Which entity does not rate the solvency of insurance companies? - answerLloyd's of
London (Which ones do: A-M Best, Duff and Phelps & Standard and Poor)
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