Nc life exam 2024 - Study guides, Class notes & Summaries

NC Life Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The validity of the policy cannot be conested once it has been in force for at least how many years after its date of issue? - Answer -2 Years A rider attached to a life insurance policy that provides coverage on the insured's family members is called the - Answer -Other-insured rider When an insured makes truthful statements on the application for insurance and pays the required premium, it is know as ...

NC Life Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS The validity of the policy cannot be conested once it has been in force for at least how many years after its date of issue? - Answer -2 Years A rider attached to a life insurance policy that provides coverage on the insured's family members is called the - Answer -Other-insured rider When an insured makes truthful statements on the application for insurance and pays the required premium, it is know as ...

NC Life insurance state exam study guideline 2024 Term Insurance - Answer ️️ -Used for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. Term Insurance - Answer ️️ -Expire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. Level Term Insurance - Answer ️️ -Term insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be...

NC State LIFE Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Insurable Interest - Answer -Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Answer -Wrong person takes medical examination/test in connection with application for insurance. **Can be contested beyond 2 year incontestable clause** Adhesion - Answer -Ins. Co. desig...

NC Life Insurance Practice Exam Questions and Correct Answers 2024/2025 / Verified All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - Correct An...

NC Life Insurance Exam Study Guide with Complete Solutions Latest Updated 2024/2025 Fraternal Benefit Society - Correct Answer An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Correct Answer Agents of these societ...

AHIT NC Home Inspector Class Final Exam 2024 (Answered 100% Correctly) AHIT NC Home Inspector Class Final Exam 2024 (Answered 100% Correctly) What are the responsibilities of the Home Inspectors Board? A.) Make recommendations concerning rules B.) Collect the fees C.) Review reports of home inspectors D.) To enforce the rules Make recommendations concerning rules Continuing education hours required are: A.) 12 hours yearly B.) 16 hours yearly C.) 6 hours yearly or 12 hours for a 3-ye...

NC Life Insurance Exam Prep Questions and Answers (Latest Update 2024) Verified Answers