Iowa life insurance - Study guides, Class notes & Summaries

MA Producer Life Insurance Exam Prep Questions and Answers Already Passed Which of the following is an example of an unauthorized insurance company in Illinois? Company C, a Florida-based company that does not hold a certificate of authority Illinois but whose products are approved by the Illinois insurance department Company D, a Canadian company that holds a certificate of authority in Illinois Company B, an Iowa-based company that does not hold a certificate of authority in Illinois a...

Insurance Exam: life (Iowa laws, rules, and regulations commonly to ALL lines)

Iowa Insurance Questions and Answers Rated A+ Exclusion In a life insurance policy, which feature state that the policy will not cover certain risk? Claim will be paid and coverage will remain in force A disability income policy owner recently submitted a claim for a chronic neck problem that has now resulted in total disability. The original neck injury occurred before the application 5 years prior. Never disclosed to the insurer. How will the insurer handle this claim? 3 years How long does ...

CA Life, Accident, & Health Practice Exam/ 475 Qs & Ans/ . Terms like: Why would a large manufacturer choose to self-insure rather than buy an insurance policy from an insurance company? - Answer: to save insurance premiums by paying relatively minor losses out of company funds The federal Risk Retention Act of 1986 contains guidelines for which of the following entities? - Answer: Risk retention groups Which of the following is an example of an unauthorized insurance company in Illino...

Iowa Laws, Rules, and Regulations Pertinent to Health Only Questions with Verified Answers "Individual Health Insurance Reform Act" enacted to promote the availability of health insurance to individuals, to assure fair access to health plans, and to improve the overall fairness and efficiency of the individual health insurance market. -members include all insurers that provide health, accident and sickness insurance policies in Iowa -prevents abusive rating practices compels insurers to disclo...

Final Exa2 Question and answers already passed 2024 Final Exam- Iowa Life Only k is an insured under a life insurance policy owned by a third party. Which of these statements is true? - correct answer K has no ownership rights P is blinded in an industrial accident. Which provision of his life insurance policy will pay a stated benefit amount? - correct answer Accidental Death and Dismemberment clause S, while in the process of converting her group life insurance to an individual po...

IOWA INSURANCE EXAM - LIFE QUESTIONS AND ANSWERS

Why would a large manufacturer choose to self-insure rather than buy an insurance policy from an insurance company? - ANSWER-to save insurance premiums by paying relatively minor losses out of company funds The federal Risk Retention Act of 1986 contains guidelines for which of the following entities? - ANSWER-Risk retention groups Which of the following is an example of an unauthorized insurance company in Illinois? - ANSWER-Company B, an Iowa-based company that does not hold a certificat...

Iowa Risk Management & Insurance Final Exam Latest Update Graded A Objective risk Objective Risks are measurable and can be improved by Loss Prevention & Loss Control Subjective risk Subjective Risk - A state of mind/worry. Improvement by discussion and understanding What are the principles of when you must show insurable interest for property and life insurance? Property - At the time of Loss Life - At the time of Purchase Define pure and speculative risk Pure - Only Negative Results Specula...

Iowa Insurance Exam Latest 2024 Already Passed Riders add-on provision to a basic insurance policy that provides additional benefits to the policyholder at an additional cost Licensing Requirements -At least 18 years old -Must not have committed any act that is grounds for denial, suspension, or revocation of the license -Paid required license fee -Must have passed the license exam for the lines of authority for which they are applying -Must possess the character and competence required of ...