Guaranty corporation - Study guides, Class notes & Summaries

Arizona Life Insurance Exam Questions and Answers (Latest Update 2023) Verified Answers a whole life policy that provides a choice of dividend options include the following statement about dividends they accrue at a guaranteed rate they are deferred for one year they are not guaranteed they are guaranteed after the first year - Correct Answers they are not guaranteed When there is a named beneficiary on a life insurance policy, the death benefits 1. are directed to a trustee ...

The Insurance Guaranty Fund Association is? - ***funded by admitted insurance companies through assessments • in Florida an element of an insurance transaction would be? - ***Issuing an insurance contract • Under which circumstance may a licensed agent in Florida represent an unauthorized entity? - ***Never • According to Florida law, when must an agent deliver the Outline of Coverage to a Medicare Supplement applicant? - ***At the time of application • An agent may provide a pr...

Florida 2-15 Insurance Final Exam Test Bank (All Chapters complete 1-30, Questions and Answers, 100% Verified) Latest 2023/2024 1. A life insurance company is organized in Orlando where it maintains its home office. In Florida, the company is classified as a a. domestic company b. local company c. foreign company d. preferred company a 2. With regard to life insurance, all of the following statements are correct EXCEPT a. all individuals are considered to have insurable interests i...

NC Insurance Licensing Exam Questions and Answers 100% Pass P is a producer who notices 5 questions on a life application were not answered. What actions should P take? Set up a meeting with the applicant to answer the remaining questions Which of the following does Social Security NOT provide benefits for? Dismemberment An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums 10 Under a Renewable Term policy, the renewable premium is calculate...

SHRM CP EXAM QUESTIONS WITH REVISED ANSWERS Patient Protections and Affordable Care Act (PPACA) - Answer-2010 U.S. law the requires virtually all citizens and legal residents to have minimum health coverage and requires employers with more than 50 full-time employees to provide health coverage that meets minimum benefit specifications or pay a penalty. Pension Benefit Guaranty Corporation (PBGC) - Answer-Set up by U.S. Employee Retirement Income Security Act to insure payment of benefits in ...

After an insured gives notice of loss, what must he/she do if the insurer does not furnish forms? - correct answer File written proof of loss Which of these factors help determine an insured's life insurance premium? - correct answer Avocation (hobby) The Life and Health Guaranty Corporation provides funds to carry out its powers and duties by assessing - correct answer Member insurers Lifetime protection - correct answer A limited payment whole life policy provides Decreasing term ...

"Equity" meaning - The market value of the property, less the outstanding balance of the mortgage and any other financial obligation registered against the property 2 reporting agencies in Canada that keep credit history data - Equifax Canada and TransUnion of Canada 2 rights of a lender (for mortgages) - Right to 1. assign the mortgage 2. be paid under the terms of the mortgage 2 ways to calculate interest (related to interest rates) - simple interest and compound interest 3 criteria/q...

Maine Insurance - Questions and Answers Rated A+ How much time does a person who was a party to a hearing have to appeal the order by the Superintendent? 30 days As a prerequisite to maintaining a license, licensees must complete a continuing education requirement every: 2 years If Jerry's insurance producer's license expires, how much time does he have to be reinstated without retaking the Maine insurance licensing examination? 2 years What is the maximum life insurance death benefit liab...

HRMT 5324 Employee & Labor Relations Study Guide Final Exam 2024/25 is the ongoing interchange between the union and the employer that identifies their common and specific interests and creates mechanisms to clarify, manage, reduce, and resolve conflicts over their specific interests. - ANSWERSLabor Relations Who are responsible for making operational decisions for corporations? - ANSWERSManagers hired by the shareholders through their elected board of directors A phenomenon that occu...

TSAC & TBR Exam Questions & Answers 2024 What is the Tennessee Student Assistance Corporation (TSAC)? - ANSWER-The Tennessee Student Assistance Corporation (TSAC) administers over 20 different state student financial aid programs, including the HOPE scholarship, Tennessee Promise, Tennessee Reconnect, Tennessee Student Assistance Award, and the Dual Enrollment grant. To increase awareness and participation in the financial aid programs, the agency conducts financial aid outreach and trainin...

Connecticut Life and Health Insurance Exam CT Life Questions And Answers A producer has indicated to a potential client that the proposed life insurance is covered by the Connecticut Life and Health Insurance Guaranty Association. This action taken by the producer is - ANS- "Prohibited by law". Pointing out to a prospective client that the life insurance policy you are presenting is covered by the Connecticut Life and Health Guaranty Association is prohibited by law. Which of the follow...