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Questions 1-43, Chapter 1: Completing the Application, Underwriting, and Delivering the Policy Questions 44-105, Chapter 2: Types of Policies Questions 106-149, Chapter 3: Policy Riders, Provisions, Options, and Exclusions Questions 150-184, Chapter 4: Taxes, Retirement, and Other Insurance Concepts Questions 185-218 , Chapter 5: Tennessee Laws and Departmental Rules Common to All Lines What is the purpose of the agent's report during the application process? correct answer: The age...

TN LIFE INSURANCE - STATE EXAM FLASHCARDS (EXAM FX)

What is the purpose of the agent's report during the application process? The agent's report discusses the agent's personal observations about the proposed insured that may help in the underwriting process. At what point does coverage begin when an agent issues a conditional receipt for a life insurance policy? Either on the date of the application or the date of the medical exam (whichever occurs last) What is insurance underwriting? The process of risk selection and classif...

What is lime and what is it used for? correct answersIt's a calcium-containing mineral, typically containing hydroxides/oxides . Lime is used to soften water [reduce hardness] and to precipitate phosphorous. What is alkalinity and where does it come from in natural waters? correct answersAlkalinity is the capability of water to neutralize acid without a significant change in pH. In natural waters, it primarily comes from carbonate and bicarbonate ions (CO3, HCO3), which react with free H+ io...

What are three different types of grounding that may be necessary in an electrical system design? correct answers1. power system grounding (for normal system operation) 2. equipment grounding (for personnel safety) 3. lightning or surge protection grounding (for equipment protection) For what purpose are ferrite beads used? correct answersFrom an electromagnetic compatibility (EMC) standpoint, these beads are used to attenuate unwanted (magnetic field) high-frequency signals while allowing ...

TN LIFE INSURANCE - STATE EXAM FLASHCARDS (EXAM FX)

FE Exam Flashcards Question and answers 100% correct 2023What are three different types of grounding that may be necessary in an electrical system design? - correct answer 1. power system grounding (for normal system operation) 2. equipment grounding (for personnel safety) 3. lightning or surge protection grounding (for equipment protection) For what purpose are ferrite beads used? - correct answer From an electromagnetic compatibility (EMC) standpoint, these beads are used to attenu...

FE Exam Flashcards Questions with complete solution 2023

TN LIFE INSURANCE - STATE EXAM FLASHCARDS (EXAM FX)