Alabama state insurance - Study guides, Class notes & Summaries

Alabama State Insurance Exam FX Questions & Answers.

if lousie allows her whole life policy to lapse which nonforfeiture option shoild she elect to obtain the most life insurance protection? - correct answerExtended term option If administrative action is taken against you, or you are criminally prosecuted in another jurisdiction, you have how long to submit a notice to the Alabama commissioner? - correct answer r30 days How can 'key employee' disability income insurance purchased by business be used by the business - correct answerBoth...

Alabama State Insurance Exam

Alabama State Insurance Exam FX questions and answers

Binders (27-14-18) - A binder is an instrument designed to provide immediate, temporary insurance coverage. Binders can be either written or oral. In the state of Alabama, how long are binders valid? - 90 days or until a policy is issued. Whichever is less In the state of Alabama, if a policy has not been issued within 90 days, can a Binder be extended or renewed? - Yes. If a policy has not been issued within 90 days, a Binder may be extended or renewed with the approval of the Commissione...

Chapter 8 A D Banker Alabama State Insurance Law (Code) Exam Questions and Answers

Alabama state life insurance exam

Alabama State Insurance Exam FX Questions & Answers. If a producer changes his residential address who must he/she notify? This change will need to be reported to the Commissioner. Which of the following is NOT true regarding minors purchasing insurance policies in this state? Minors at the age of 14 are allowed to buy their own policies. What is the penalty for IRA distributions that are below the required minimum for the year? 50% All of the following are business uses of life insuran...

If a producer changes his residential address who must he/she notify? - This change will need to be reported to the Commissioner. Which of the following is NOT true regarding minors purchasing insurance policies in this state? - Minors at the age of 14 are allowed to buy their own policies. What is the penalty for IRA distributions that are below the required minimum for the year? - 50% All of the following are business uses of life insurance EXCEPT - Funding against general company financ...

Alabama State Insurance Exam FX with correctly answered questions