The insuran Study guides, Class notes & Summaries

Which of the following describes a participating life insurance policy? A participating life policy is one in which the policyowner receives dividends deriving from the company's divisible surplus What type of reinsurance contract between two insurers involves an automatic sharing of the risks assumed? Under treaty reinsurance, each party automatically accepts specific percentages of the insurer's business. At what point must a life insurance applicant be informed of their rights that fall...

in Massachusetts, a small employer is comprised of 1-50 employees Kate received a group accident and health termination notice. How many days does she have to apply for a converted policy? 31 Scott has a life insurance policy in which the dividends are left with the insurance company. This particular policy may be paid up when the cash value plus accumulated dividends equal the net single premium for the same face amount at the insured's attained age What is the excise tax rate the IRS im...

Ohio Health and life insurance exam with 100% correct answers

Life Insurance And Health Insurance (Combined The 5 Largest Study Sets) - Questions & Answers

III.3.2 Structural Model The analysis was continued with a common set of overall fit measures to assess the measurement model as a whole: the ratio of χ² to degrees-of-freedom (df), the goodness-of-fit index (GFI), the adjusted goodness-of-fit index (AGFI), the normalized fit index (NFI), the non-normalized fit index (TLI), the comparative fit index (CFI), the root-mean square residual value (RMSEA), and the standardized root-mean residual value (SRMR). Table III-3 summarizes the m...

Who would be in the least need of purchasing errors and omissions insurance? a. Architect b. Insurance agent c. Football player-star quarterback d. Beautician - c. Football player-star quarterback A term-to-65 life policy is paid up at 65 a. True b. False - b. False All are methods for handling a risk except: a. Retain the risk b. Transfer the risk c. Avoid the risk d. Identify and increase the hazards - d. Identify and increase the hazards Which of the following is not used to dete...

PASS THE NM LIFE INSURANCE EXAM CH. 2 EXAM 2024 d - correct answer Which of the following is a true statement? Select one: a. If an applicant needs to makes changes in their application, the agent should create a new form. b. After the applicant's signature, no changes can be made to that particular application. c. Any changes in the application must be signed by both the applicant and the agent. d. Any changes in the application must be initialed by the applicant. c - correct ans...

MN LIFE INSURANCE Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

Final Exam Questions Health and Life Insurance Exam with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test