Alabama license law 100 - Study guides, Class notes & Summaries

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

Alabama License Law 100% SOLUTION a A licensee, who has satisfactorily completed the post-license course and whose original license has been issued, will not be subject to the continuing education requirements for the__________ renewal of his or her original license. a. first b. first and second c. first, second and third d. mid-year c A temporary license holder who does not complete the required licensure course within one year of license issuance, will cause his/her temporary li...

Alabama License Law 100% PASS SOLUTION The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 - ANSWER 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -three years. -five years. -six years. -ten years. - ANSWER ten years Each member of the Commission____________________during the time in which he/s...

Alabama License Law 100% PASS SOLUTION The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 - ANSWER 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -three years. -five years. -six years. -ten years. - ANSWER ten years Each member of the Commission____________________during the time in which he/s...

A licensee, who has satisfactorily completed the post-license course and whose original license has been issued, will not be subject to the continuing education requirements for the__________ renewal of his or her original license. a. first b. first and second c. first, second and third d. mid-year c A temporary license holder who does not complete the required licensure course within one year of license issuance, will cause his/her temporary license to automatically a. be suspended...

Alabama Insurance License- Alabama Insurance Law Common to All Lines Questions with 100% Correct Answers

The consumer member of the Alabama Real Estate Commission must be_____ years of age or older. -19 -20 -21 -24 - ANSWER 21 Prior to the appointment of each original appointee to the Alabama Real Estate Commission, these persons must have been residents and citizens of Alabama for a minimum of -three years. -five years. -six years. -ten years. - ANSWER ten years Each member of the Commission____________________during the time in which he/she serves as a Commissioner. -performs w...

Alabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% CorrectAlabama Title Insurance Act (ATIA) Exam Questions and Answers 100% Correct Under the Alabama Title Insurance Act, no title insurer shall pay, directly or indirectly, any portion of a fine imposed on any ____________ of the title insurer. - ANSWER - agent Under the ATIA, the...

ALABAMA LIFE INSURANCE EXAM 2024 WITH 100% CORRECT ANSWERS The minimum grace period for a life insurance policy sold in Alabama is: - correct answer 30 days Alabama's annuity disclosure regulation: - correct answer Requires the delivery of a buyer's guide and a disclosure document to annuity applicant An insurer pays a large claim for medical expenses after the insured has only made one premium payment. This is an example of an: - correct answer Aleatory contract Which of the fol...