Naic - Study guides, Class notes & Summaries

NAIC SUITABILITY IN ANNUITY TRANSACTIONS MODEL REGULATIONS

Which of the following statements is NOT TRUE regarding the "Extended Period of Indemnity" option of the Business Income form? - ANSWER-The coverage applies for 120 days following the period of restoration When a Hawaii employee sustains an injury requiring medical treatment beyond first aid, how long does the employer have to report the accident to the Director of Labor and Industry relations? - ANSWER-7 working days After paying a claim an insurance company may have the right to pursue...

NAIC 390 Exam 2024 with complete solution

NAIC Model Health Insurance Policy Provisions

NAIC 390 All Possible Questions and Answers with complete solution

What is the formal term for tasks such as bathing, dressing, and eating that are considered fundamental to self-care? - Answer-activities of daily living What do activities of daily living (ADLs) measure? - Answer-functional capacity All of the following are common settings for long-term care EXCEPT: - Answer-workplace What is the primary goal of long-term care? - Answer-to maintain an optimal level of functioning Who among the following does not appear to indicate a need for long-te...

b - What role is directly responsible for making sure that the policy coverage's in the filing comply with all state laws? a. Filing Clerk b. Filing Reviewer c. Filing Manager d. State Commissioner b - Which type of filing would include expected loss percentages as part of the filing documentation? a. Form Filing b. Rate Filing a - Some filings submitted to a state can be an insurer's response to material filed on its behalf by the company's Advisory Organization. a. True b. False...

Oklahoma Insurance Exam (State Regulations) Questions and Answers Rated A+ Actuary a mathematician employed by the insurer who develops the rates for the insurer. Underwriter (Home Office Underwriter) and employee of the insurer What three things do Underwriters do? Gathers information analyses exposures (determines risk) selects risk for the insurer underwriting the process of selecting risks Producer (agent) (field underwriter) (agent underwriter) a person licensed to soli...

In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - Answer- 6 According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. - Answer- general buyer's guide; policy summary The Incontestable Clause states that the insurer cannot contest the validity of a li...

LOMA 291 Module 3 Exam Questions and Answers All Correct A comprehensive examination typically examines all nonfinancial aspects of an insurer's operations. a. True b. False - Answer-A. - This statement is true. A target examination, on the other hand, is a limited-scope market conduct examination of one or more specific areas of an insurer's nonfinancial operations. Most market conduct examinations today are target examinations. a. True b. False - Answer-a. - This statement is true....