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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities 1. Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit $10.49   Add to cart

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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities 1. Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit

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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health Insuance and Annuities 1. Fraternal Benefit Society has each of the following characteristics EXCEPT? Incorporated Without capital stock Exists for profit

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  • October 29, 2024
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  • 2024/2025
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Excel Solutions Chapter 1 Exam- Basic Principles of Life and Health
Insu ance and Annuities

1. Fraternal Benefit Society has each of the following characteristics EXCEPTANS

Incorporated Without capital

stock Exists for profit

Exists for the benefit of its members: Exists for profit(Fraternal benefit societies are not-for-profit entities which exis
for the benefit of their members)
2. The Fair Credit and Reporting Act's main purpose is toANS


Assist in the underwriting of insurance policies Protect Insurers from an

applicants misrepresentation

protect consumers with guidelines regarding credit reporting and distribution

Assist an insurer in determining an applicants creditworthiness: Protect con- sumers with guidelines regarding
credit reporting and distribution
3. What is considered to be the primary reason for buying life insuranceANS


Provide death benefits Provide money for

retirement Provide living benefits

Provide money for college: Provide death benefits
4. The Do Not Call Registry offers exemptions for calls placed from all of the following EXCEPTANS

Charities

Political Organizations Insurance sales

calls Surveys: Insurance sales calls




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