Fiduciary responsibility - Study guides, Class notes & Summaries

Primerica Life Insurance Exam 2024 100% Passed An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - Answer ️️ -A. mutual funds not paid out after paying claims and other operating costs are returned to the po...

NY Series 17-52 Questions and Answers 100% Pass How many eligible employees must be included in a contributory health insurance plan? 50% A man works for Company A and his wife works for Company B. The spouses are covered by health plans through their respective companies that also cover the other spouse. If the husband files a claim, The insurance through his company is primary. What is the period of coverage for events such as death or divorce under COBRA? 36 months Twenty-five days after ...

MS Laws and Rules Questions and Answers Already Passed An example of life insurance policy replacement would be which of the following? Cash surrender an existing life policy and purchasing a new life policy. Before holding a hearing regarding an agent's unfair or deceptive practice, the Insurance Commissioner MUST give how many days notice? 10 B is a producer who primarily writes insurance business on his family. Which of the following is B engaged in? Controlled business Any...

P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when P receives the policy and pays the premium A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 20-Pay Life accumulates cash value faster than Straight Life How does an indexed...

The Commissioner of Insurance in Mississippi is elected to office for a term of 4 years The burden of proof for determining that a producer is representing an authorized insurer falls on The producer The fine the Commissioner may levy for violating any provision of the Insurance Code is $1000 A foreign insurer An insurer formed under the laws of any state other than Mississippi would be known as Each of the following is true about the Mississippi Residential Prope...

Indemnity - ANSWER-a payment for damages or loss Risk - ANSWER-Uncertainty or chance of loss occurring Pure Risk - ANSWER-Presents the chance of loss with no opportunity for gain Speculative Risk - ANSWER-Presents the chance of loss with an opportunity to gain (Like Gambling) Exposure - ANSWER-a unit of measurement used to determine rates charged for insurance coverages. Hazards - ANSWER-Conditions or situations that increase the probability of an insured loss occurring. Peril ...

Insurance license practice XCEL solutions FINAL EXAM #12 - Texas life only Questions with complete solution 2023 Question 1 Which settlement option pays a stated amount to an annuitant, but no residual value to a beneficiary? - correct answer Life income Question 2 A new agent must complete at least _____ hours of continuing education within 24 months of initial license? - correct answer 24 hours Question 3 L takes out a life insurance policy and dies 10 years later. During the c...

Colorado Accident & health laws state Exam simulator Questions and Answers Which of the following is an example of defamation? A brochure including an untrue statement regarding a competitor's ability to pay claims A truthful estimate of the dividends A pamphlet listing a competitor's financial rating A verbal statement of a competitor's complaint ratio A brochure including an untrue statement regarding a competitor's ability to pay claims Which of the following is an example...

MCL5903 PORTFOLIO 2024 (DETAILED ANSWERS) - DUE 19 January 2024 100% TRUSTED workings, explanations and solutions. For assistance call or W.h.a.t.s.a.p.p us on +/ 2/ 5/ 4 /7 /7 /9 /5 /4 /0 /1 /3 /2 . Question 1 (20 marks) Best Bank Ltd institutes an application for winding-up of Getaway Trucking (Pty) Ltd (‘Getaway’). The winding-up application is based upon a ‘without prejudice’ letter of reply from Getaway to a letter of demand by Best Bank Ltd. In terms of the letter of demand, Best ...

FACHE Weeks 1-12 Combined | 304 Questions and Answers Latest Update 2023/2024 Graded 100%. Separate computer systems are often linked together in order to share data and information. When all components of the network are located within close proximity of one another, perhaps within a single facility, the network known as a: a) Wide Area Network (WAN) FACHE Weeks 1-12 Combined | 304 Questions and Answers 100% Verified Latest Latest Update 2023/2024 b) World Wide Web (WWW) c) Local Area N...