Webce practice exam 3 - Study guides, Class notes & Summaries

WEBCE Practice Exam 2023 Questions (Iowa Casualty) An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - CORRECT ANSWER has relatively low limits If a group of insureds are rated by class, they will - CORRECT ANSWER be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy be...

In general, what is the earliest age at which a person can take a distribution from a qualified plan without a tax penalty? - Answer- 59 1/2 Carol was 35 when she bought her deferred annuity. Now, at age 38, she wants to withdraw funds from the contract to take a vacation. Carol is likely to encounter all of the following consequences in making the withdrawal EXCEPT: - Answer- statutory minimum withholding requirements What kind of misrepresentation on an insurance application gives the in...

Iowa Casualty Practice Exam questions (WEBCE) Questions and Answers 2023 An insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP has relatively low limits If a group of insureds are rated by class, they will be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he does not o...

Iowa Casualty Practice Exam questions (WEBCE)2023 updatedAn insured would be prudent to rely upon health insurance to cover injuries sustained in an auto accident because medical payments coverage under a personal auto policy. (PAP - correct answer has relatively low limits If a group of insureds are rated by class, they will - correct answer be charged the same premium rate Nelson is the president of his company and has a company car. He does not have a personal auto policy because he doe...

WEBCE Test 1 Exam With 100% Correct Answers 2023 Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrender her Ohio license. She must be sponsored by a producer licensed in Pennsylvania. She must show her Ohio license is in good standing. - Correct Answer-she must show her Ohio license is in good standing An annuit...

WEBCE Insurance Exam Questions with 100% Correct Answers 1. Which of the following exempted insurance companies from federal antitrust legislation? the McCarran-Ferguson Act 2. Which of the following has primary responsibility for regulating the insurance industry? a. the states Which statement about the NAIC is correct? The NAIC prepares model laws, regulations, and guidelines for adoption by the states. 4. The NAIC issued a model law on long-term care insurance. Which statem...

webce Exam questions and Answers which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Correct answer knowing that his family is dependin...

Webce Test Questions Exam With 100% Correct Answers 2023 which of the following situations presents a situation of pure risk? -knowing that his family is depending on him, Frank wants to insure his life -wanting to increase his retirement savings, Saul invests his life savings in the stock market -Ralph takes a second mortgage on his house and uses the proceeds to gamble -wanting better job security, Ron cashes in his life insurance to start his own business - Correct Answer-knowing that...