Variable life licensing - Study guides, Class notes & Summaries

ALASKA STATE LICENSING EXAM 2024 WITH 100% CORRECT ANSWERS Additional coverage can be added to a Whole Life policy by adding a(n): - correct answer decreasing term rider Which provision allows the policyowner to change a term life policy to a permanent one without providing proof of good health? - correct answer Conversion What kind of life insurance policy pays a specified monthly income to a beneficiary for 30 years and then pays a lump sum benefit at the end of that 30 years? - cor...

Statutes and Regulations Casualty Insurance (Illinois Property and Casualty IL Law, IL Casualty Insurance Practice Test) Questions and Answers Graded 100% 2023. When a commercial property insurance policy, in effect for more than 60 days is cancelled for an allowable reason, other than non-payment of premium, the insured must give written notice to the first named insured of at least 60 days A person is in the process of becoming permanently licensed as a producer. A temporary producers lic...

Pennsylvania Laws and Regulations Applicable to All Lines of Insurance Questions and Answers 100% Pass Licensing Process: Pre-Licensing Education Requirements Pre-licensing education requirements: - 24 credit hours - 3 of the 24 hours must be in ethics Licensing Process: License Exam and Pre-Licensing Education Exemptions - Business entity - Non-resident producers - Professional designations (CLU--Life and Health license, CPCU--Property and Casualty license, CIC--Life, Health, Pr...

Licensing 1. Process and Types (available in PA) correct answers Life- Coverage on human lives Accident and health- coverage for sickness, bodily injury or accidental death, and disability income Property- coverage for the direct and consequential loss or damage to property of every kind Casualty- coverage against legal liability variable life and variable annuities- coverage under variable life and/or variable annuities Personal lines- noncommercial property and/or casualty coverage Cred...

Maryland Life and Health Insurance Licensing Exam Questions and Answers Already Passed After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? File written proof of loss Which of these factors help determine an insured's life insurance premium? Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing Member insurers Lifetime protection A limited payment whole life policy provides Decr...

Which political view of foreign direct investment (FDI) is most widely used by governments in the current international business environment? - Correct answerProtectionism Which factors predict the degree of rivalry between a pair of competitors? 2 choices - Correct answer-Market commonality and Cost structure Which factors predicts how local firms in emerging economics will respond to multinational competitors? Competitive assets and industry pressures to globalize - Correct answer-Market...

Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...

NC Life Insurance Exam Study Guide with Complete Solutions Latest Updated 2024/2025 Fraternal Benefit Society - Correct Answer An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Correct Answer Agents of these societ...

NJ LIFE GUARANTEED EXAM QUESTIONS WITH VERIFIED SOLUTIONS WHICH OF THE FOLLOWING IS A PERMISSIBLE REASON FOR AN INSURANCE COMPANY TON CONTEST PAYMENT OF A CLAIM BASED ON STATEMENTS: A: the insured died to soon after applying for the policy B: the insurer has already paid out the expected amount of benefits for the year C: the application contains a correction D: the application contains material misstatements D: the application contains material misstatements Within how long of...

RI Pre-Licensing Life & Health Insurance Questions and Answers 100% Pass In the event that an insured's premium is not paid by the due date, the result will be... Coverage will continue for not more than a maximum of 31 days, beyond which time the policy will lapse A Medicare Supplement policy may be cancelled for which of the following reasons? The insured fails to pay the premium Which type of insurance company allows their policy owners to elect a governing body? Mutual When...