Idaho insurance exam - Study guides, Class notes & Summaries

Idaho Insurance Exam Questions and Answers 100% Correct Net Single Premium - CORRECT ANSWER-Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - CORRECT ANSWER-Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - CORRECT ANSWER-Variable...

Idaho Insurance Exam Questions | 100% Correct Answers | Verified | Latest Update 2024

The primary purpose of the Idaho Real Estate Commision is to? Protect the public and industry The initial application for the real estate license is administered by? Idaho Real Estate Commission Where does the money come from to operate the Idaho Real Estate Commission? All Licensees The Idaho Real Estate Commission consists of how many member commissioners? 5 The Idaho Real Estate Commission generally meets? 6 to 8 times a year Course make-up work is allowed ONLY for? any pre-lic...

In Idaho, an insurer is required to give the named insured at least _____ days notice in writing of total premium increases greater than 10% resulting from an increase in rates, changes in deductibles, reduction in limits, or reduction in coverage. 30 20 45 60 - ANSWER-30 In Idaho, what entity is responsible for regulating workers compensation activities, including companies licensed to issue workers compensation policies? The Idaho Industrial Commission The Idaho Department o...

Net Single Premium - Answer- Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - Answer- Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - Answer- Variable life insurance require a fixed premium payable for the life of the policy while var...

Idaho Insurance Exam with correct Answers

Idaho Insurance Exam with correct Answers

Idaho Life Insurance final exam questions and answers verified 100 % All of the following statements concerning the use of life insurance as an Executive Bonus are correct EXCEPT A The employer pays a bonus to a selected employee to fund the policy. B It is considered a nonqualified employee benefit. C The policy is owned by the company. D Any type of insurance policy may be used. - C The policy is owned by the company. Which of the following would NOT fall into the category of costs ass...

Net Single Premium - correct answer Premium that a person must pay in a lump sum to receive all the benefits promised in the policy if no insurer expenses were considered Insurers will also consider which of the following in evaluating risk. - correct answer Numerical rating system to evaluate the risk posed by proposed insureds Key difference between variable life and variable universal life insurance - correct answer Variable life insurance require a fixed premium payable for the l...

In Idaho, an insurer is required to give the named insured at least _____ days notice in writing of total premium increases greater than 10% resulting from an increase in rates, changes in deductibles, reduction in limits, or reduction in coverage. 30 20 45 60 - ANSWER-30 In Idaho, what entity is responsible for regulating workers compensation activities, including companies licensed to issue workers compensation policies? The Idaho Industrial Commission The Idaho Department o...