Alabama state insuran - Study guides, Class notes & Summaries

Alabama State Insurance Exam Questions with 100% Correct Answers

A. 10-pay life policy correct answers Which policy accumulates cash value at the fastest rate? Estoppel correct answers The legal doctrine that prevents one from exercising a right of privilege is called contains a grace period. correct answers If the consideration clause states that the premium payment keeps the policy in force until the next premium is due plus 30 days thereafter, the policy The Commissioner can immediately cancel the producer's license based upon the Company's alle...

If a producer changes his residential address who must he/she notify? - answer-This change will need to be reported to the Commissioner. Which of the following is NOT true regarding minors purchasing insurance policies in this state? - answer-Minors at the age of 14 are allowed to buy their own policies. What is the penalty for IRA distributions that are below the required minimum for the year? - answer-50% All of the following are business uses of life insurance EXCEPT - answer-Funding ...

All of the following are features and requirements of the Living Needs Rider EXCEPT - Diagnosis must indicate that death is expected within 3 years. All of the following applicants for an insurance producer license are exempt from prelicensing education requirements EXCEPT - An applicant for a dealer's license. A couple owns a life insurance policy with a Children's Term rider. Their daughter is reaching the maximum age of dependent coverage, so she will have to convert to permanent insur...

Alabama State Insurance Exam

If a producer changes his residential address who must he/she notify? correct answers This change will need to be reported to the Commissioner. Which of the following is NOT true regarding minors purchasing insurance policies in this state? correct answers Minors at the age of 14 are allowed to buy their own policies. What is the penalty for IRA distributions that are below the required minimum for the year? correct answers 50% All of the following are business uses of life insurance EX...

Alabama State Life Insurance Exam Questions With 100% Correct Answers | Verified | Latest Update

Alabama State Insurance Exam FX questions and answers

Alabama State Insurance Exam FX questions and answers