Exam (elaborations)
NC Rules and Laws Study Guide Questions and Answers
- Course
- Institution
NC Rules and Laws Study Guide
[Show more]
Content preview
NC Rules and Laws Study GuideIf a health insurance claim is not promptly paid, legal action may be taken against the
insurer after - answer60 days from the date proof of loss furnished
The rules and regulations of the Life and Health Insurance Guaranty Association in
North Carolina apply to - answer Life and Health Policies issued by companies
authorized in North Carolina
Before a Health Policy is issued or delivered, the form, classification or risks, and
premium rates MUST be filled with the - answer Commissioner of Insurance
AT LEAST how many days before the effective of a rate increase must an insurer
provide written notice to individual accident and health policyowners? - answer30
If, at the time of an insured's death, the insurance company discovers that the insured's
age was misstated on the application for life insurance, the company will most likely -
answerPay the policy proceeds in the amount the premiums would have purchased at
the insured's actual age
Insurers organized under the laws of North Carolina are called - answerDomestic
Companies
Which action by an insurance agent is considered rebating? - answerSplitting
commissions with a policyholder who has purchased additional coverage
Which of the following types of insurance is exempt from the Rules Governing Life
Insurance and Annuity Replacements? - answerCredit Life
The following acts are examples of unfair methods of competition and deceptive
practice in the business of insurance EXCEPT the use of - answerComparisons
showing that a policy has higher benefits
In North Carolina, a domestic insurance company is defined as a company that -
answerIs incorporated and formed in North Carolina
A temporary license may be issued for a MAXIMUM period of how many days -
answer180
Inducing or attempting to induce any insured person through misrepresentation to lapse,
forfeit, or surrender insurance is - answerTwisting
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 $15.99. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
83750 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now