Ca life insurance Study guides, Class notes & Summaries

CA Life Insurance Exam Questions and Answers 100% Pass What is meant by referring to an insurance policy as a unilateral contract? - Correct 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? - Correct Answer ️️ -At all times. Any situation that presents the possibility of a loss is known as - Correct Answer ️️ -a loss exposure Which of the following inform...

CA LIFE INSURANCE PRACTICE EXAM 2024 WITH 100% CORRECT ANSWERS A key person is typically all of the following, except: - correct answer -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct respo...

PRIMERICA LIFE INSURANCE EXAM An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a di...

CA Life Insurance Exam Questions and Answers 100% Pass 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? Pers...

CA Life Insurance Practice Exam Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

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-...

CA Life Insurance Exam Questions with 100% Correct Answers | Latest Version 2024/2025 | Expert Verified | Ace the Test

CA Life Insurance Practice Exam with Verified Solutions A key person is typically all of the following, except: -Not directly involved in sales, production, or service Key persons are employees whose contributions have a significant impact on the revenue and profitability of the company, especially in small businesses. They are typically: part of the management team, more highly paid, respected by customers, creditors, suppliers, and vendors, and have direct responsibilities for sales, pr...

An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock Answer - A. mutual funds not paid out after paying claims and other operating costs are returned to the policy owners in the form of a dividend. if all funds a...

CA life and Health: Life Insurance Basics Exam with Complete Solutions A family's need for income is greatest during the Family Dependency Period Time after the insured has died, leaving a surviving spouse with dependent children to support. Which of the following would be least likely to be considered a legitimate need that would be paid by insurance proceeds? Vacation travel expenses THere are many legitimate need-based expenses that can be paid by life insurance proceeds, from gro...