Life insurance exam Study guides, Class notes & Summaries
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NJ Life Insurance Exam Questions with Answers (Latest Update 2023)
![RKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS](/docpics/4749684/65f43c0e93fb9_4749684_121_171.jpeg)
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RKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
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ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 
 
J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting 
 
What is implied authority defined as? - ANS Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties 
 
A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - ANS ...
![WV State Life Insurance Exam Questions and Answers Already Passed](/docpics/4916174/660e6c2553207_4916174_121_171.jpeg)
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WV State Life Insurance Exam Questions and Answers Already Passed
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WV State Life Insurance Exam 
 
Questions and Answers Already Passed 
 
A group-owned insurance company that is formed to assume and spread the liability risks of its 
members is known as a: Risk retention group 
 
Which of the following requires insurers to disclose when an applicant's consumer or credit 
history is being investigated? 1970-Fair Credit Reporting Act 
 
Q purchases a $500,000 life insurance policy and pays $900 in premiums over the first six 
months. Q dies suddenly and the ben...
![Texas Life Insurance exam 2023 with 100% correct answers](/docpics/6444552d2de23_2641415.jpg)
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Texas Life Insurance exam 2023 with 100% correct answers
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Who is considered a field underwriter? 
An agent 
 
 
 
When must insurable interest exist in life insurance? 
Application or issue date 
 
 
 
If no receipt is issued at the time of application, a statement of good health is usually required at the time of? 
Policy delivery 
 
 
 
The Medical Information Bureau is?(MIB) 
a source of medical information to alert insurers to adverse medical history 
 
 
 
A substandard risk compared to a standard risk would pay? 
a higher premium 
 
 
 
Which doc...
![ARIZONA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS](/docpics/4632725/65e0dc30a7386_4632725_121_171.jpeg)
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ARIZONA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS
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a whole life policy that provides a choice of dividend options include the following statement about dividends 
 
they accrue at a guaranteed rate 
 
they are deferred for one year 
 
they are not guaranteed 
 
they are guaranteed after the first year - correct answer they are not guaranteed 
 
When there is a named beneficiary on a life insurance policy, the death benefits 
 
1. are directed to a trustee if the insured has any outstanding debts 
 
2. are paid directly to the insured`s credito...
![PSI LIFE INSURANCE EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS | A-GRADE 2023/24](/docpics/3640537/652ebe52c6697_3640537_121_171.jpeg)
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PSI LIFE INSURANCE EXAM LATEST REAL EXAM QUESTIONS AND CORRECT ANSWERS | A-GRADE 2023/24
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PSI LIFE INSURANCE EXAM 
 
which of the following occurs immediately after the application is submitted and the initial premium paid: 
A: the underwriting process begins 
B: the applicant's references are checked 
C: the beneficiaries are selected 
D: the insurance goes into effect 
Correct Answer: 
A: the underwriting process begins 
 
in a level term life policy, which ALWAYS remains constant: 
A: premium 
B: beneficiary 
C: death benefit 
D: maximum age of the insured 
Correct Answer: 
C: d...
![California Life Insurance Exam | Questions with 100% correct answers | verified](/docpics/2995703/64a06bc65dda9_2995703_121_171.jpeg)
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California Life Insurance Exam | Questions with 100% correct answers | verified
- Exam (elaborations) • 16 pages • 2023
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What is meant by referring to an insurance policy as a unilateral 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 in a Life insurance contract? - 
Personal judgment. 
The direct distribution of insura...
PSI LIFE INSURANCE EXAM LATEST 2023-2024 REAL EXAM 100+ QUESTIONS AND CORRECT ANSWERS|AGRADE
![Life Insurance Exam-Illinois questions with 100% correct answers 2023 passed](/docpics/3684403/65377d95ae44c_3684403_121_171.jpeg)
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Life Insurance Exam-Illinois questions with 100% correct answers 2023 passed
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Life Insurance Exam-IllinoisPooling of Risks - correct answer A large group of people contribute money to a fund out of which their losses can be paid 
 
Policyowner - correct answer is the person or org that applies for the policy and pays the premium 
 
Actuarial Tables - correct answer Are statistical tables that are used when calculating premium rates and mortality loss reserves 
 
Life Insurance Policies transfer: - correct answer financial risks of premature death on a defined amount 
 
Lo...
![Nevada Life Insurance Exam Questions & Answers 100% Correct(SCORED A+)](/docpics/3566535/651f2924346e5_3566535_121_171.jpeg)
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Nevada Life Insurance Exam Questions & Answers 100% Correct(SCORED A+)
- Exam (elaborations) • 9 pages • 2023
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During replacement of life insurance, a replacing insurer must do which of the following? 
 
A Send a copy of the Notice Regarding Replacement to the Department of Insurance 
B Obtain a list of all life insurance policies that will be replaced 
C Guarantee a replacement for each existing policy 
D Designate a new producer for a replaced policy - ANSWER-B 
 
Which of the following documents must be provided to the policyowner or applicant during policy replacement? 
 
A Buyer's Guide and Policy ...
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