2024 ca life accident an - Study guides, Class notes & Summaries

If an insurer indicates that an illustration will be used, they must do which of the following? - ANSWERSend a summary status report to policy owner annually What does the phrase "life insurance creates an immediate estate" mean? - ANSWERThe total death benefit will be paid to a beneficiary on the death of insured In order to qualify for social security retirement benefits the worker must be: - ANSWERFully insured If an insurer knowingly allows one of its agents to mislead a member of...

CA Life Insurance Exam 2024 What is meant by referring to an insurance policy as a unilateral contract? -Answer-Only one party makes a legally enforceable promise. When must insurance records of insurance agents and brokers be made available to the Insurance Commissioner? -Answer-At all times. Any situation that presents the possibility of a loss is known as -Answer-a loss exposure Which of the following information is not required to be communicated in a Life insurance contract? -Answer-...

What is meant by referring to an insurance policy as a uliteral contract? - Only one party makes a legally enforceable promise When must insurance records of insurance agents and brokers be made available to the insurance commissioner? - At all times Any situation that presents the possibility of a loss is known as... - A loss exposure Which of the following information is not required to be communicated with a life insurance contract? - Personal judgment Directed ration of insurance utilize...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

FINAL EXAM - ARIZONA LIFE AND HEALTH QUESTIONS AND ANSWERS |100% PASS Which of these is true regarding the exchange of consideration among parties involved in an insurance contract? - Answer-Can be unequal The premiums paid by an employer for his employee's group life insurance are usually considered to be? - Answer-Tax-deductible to the employer Kevin has an existing life insurance policy and assigns it to another insurer for a new contract. How would this transaction be treated for ta...

XCEL Solutions Life and Health License Exam (CA) Practice Questions and Answers A saving vehicle designed to first accumulate funds and then systematically liquidates the funds - Answer️️ -Deferred annuity An annuity which is backed by a life insurer's separate account - Answer️️ -Variable Annuity Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her bene...

California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct California Life, Accident and Health Course Exam 1-3|130 Question 2024 Update 100% Correct 105. Question #90543 The formula that is used to determine how much is taxable during the payout is the: AMortality ratio B7 pay test CMorbidity ratio DExclusion ratio: d Explanation: The exclusion ratio is the formula which is used by the IRS to determine how much is taxable to an annuitant during the pa...

civil procedure final exam review fall 2024 P a citizen of Delaware, sues Business, an LLC formed under the laws of Delaware with its principal (indeed, its only) place of business in Los Angeles, CA. Business' members are citizens of CA, AZ, NM, and NV. P sues for $500,000 breach of contract in state court in Los Angeles CA. Business removes of the federal court for the central district of CA, which embraces Los Angeles, based on diversity of citizenship jurisdiction. a.Business...

CA PSI SITE - LIFE, ACCIDENT AND HEALTH AGENT EXAMINATION (LIFE AGENT) LATEST ACTUAL EXAM 100 QUESTIONS AND CORRECT DETAILED ANSWERS Admitted Insurance Company vs. Non-Admitted Insurance Company - Answer️️ -An admitted insurance company is authorized to transact insurance in California because it has a Certificate of Authority granted by the California Department of Insurance (CDI) A non-admitted insurance company is not authorized to transact insurance in California because of faili...

TDI DISASTER EXAM VERIFIED QUESTIONS AND ANSWERS 2023/2024 VERSION ACTUAL TEST GRADED A Quiz 1 1. If Lowest Cost Insurance Company chooses to accept his application for insurance, the insurer is the risk? • Retaining (Correct Answer) • Reducing •Avoiding • Transferring 2. If Lowest Cost Insurance Company declines his application for insurance, the insurer is the risk? • Retaining • Reducing •Avoiding (Correct Answer) • Transferring 3. Mr. Jones' heart atta...