Prelicensing final exam - Study guides, Class notes & Summaries

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55 Process 2103 (d-i) - answer1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must ...

ACCIDENT AND HEALTH INSURANCE EXAM QUESTIONS/231 QUESTIONS AND ANSWERS H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - -C: relation of earning to insurance -The insured should be aware of the i...

"Intestate succession" refers to the process whereby: - CORRECT ANSWER -An individual dies without a testament, and a legal proceeding is commenced in order to recognize the heirs and place them in possession of the decedent's estate. A 3 bedroom house is being appraised and one comparable is a 4 bedroom house. It is determined the value of the 4th bedroom is $4,000. What does the appraiser do? - CORRECT ANSWER -Deduct $4,000 from the comparable. A broker could take part of the co...

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55 Process 2103 (d-i) - answer1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must ...

ACCIDENT AND HEALTH INSURANCE EXAM QUESTIONS/231 QUESTIONS AND ANSWERS H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - -C: relation of earning to insurance -The insured should be aware of the i...

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55 Process 2103 (d-i) - answer1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must ...

VA State Life, Annuities, and Health exam, 2nd part only, Questions with accurate answers. Graded A Document Content and Description Below VA State Life, Annuities, and Health exam, 2nd part only, Questions with accurate answers. Graded A The Commission may examine every insurer authorized to transact business in Virginia as often as deemed necessary, but at least once every... - ... 5 years. Notice of a hearing for a cease and desist order must include the time and place of the hearing and gi...

NY LIFE, ACCIDENT, AND HEALTH INSURANCE AGENT (BROKER) EXAM SERIES 17-55 Process 2103 (d-i) - answer1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must ...

a seller rejects a prospective purchaser's offer to buy, and makes a new offer of his own, this is known as a(an): Select one: a. Extension agreement b. Opposing offer c. Counteroffer d. Contingent offer -Correct Answer c. Counteroffer A loan that provides for increases and decreases in the interest rate during its term is known as a(an): Select one: a. equity sharing loan b. graduated payment loan c. reverse annuity mortgage d. adjustable rate mortgage -Correct Answer d. adjust...