Nevada Life Insurance Exam Questions & Answers 100% Correct(SCORED A+)
214 vues 6 fois vendu
Cours
Nevada Life Insurance
Établissement
Nevada Life Insurance
During replacement of life insurance, a replacing insurer must do which of the following?
A Send a copy of the Notice Regarding Replacement to the Department of Insurance
B Obtain a list of all life insurance policies that will be replaced
C Guarantee a replacement for each existing policy
D ...
Nevada Life Insurance Exam Questions & Answers 100% Correct(SCORED A+)
During replacement of life insurance, a replacing insurer must do which of the following?
A Send a copy of the Notice Regarding Replacement to the Department of Insurance
B Obtain a list of all life insurance policies that will be replaced
C Guarantee a replacement for each existing policy
D Designate a new producer for a replaced policy - ANSWER-B
Which of the following documents must be provided to the policyowner or applicant during policy replacement?
A Buyer's Guide and Policy Summary
B Policy illustrations
C Notice Regarding Replacement
D Disclosure Authorization Form - ANSWER-C
Which of the following terms is used to describe a person, other than a viator, that enters into or effectuates a viatical settlement contract?
A Viatical settlement purchaser
B Viatical settlement broker
C Viatical settlement effectuator
D Viatical settlement provider - ANSWER-D
Within how many months must a person be expected to die from a sickness in order to be classified as terminally ill?
A 3
B 6
C 12
D 24 - ANSWER-D
For how long must agents retain copies of notices and sales proposals for life insurance
applications?
A 1 year
B 5 years
C 10 years
D 3 years - ANSWER-D
What is the purpose of a disclosure statement in life insurance policies?
A To protect agents and insurers against lawsuits B To explain features and benefits of a proposed policy to the consumer
C To obtain important underwriting information from the applicant
D To help consumers compare policy prices - ANSWER-B
Which of the following statements would best describe the difference between viatical settlements and accelerated death benefits?
A Viaticals require higher premiums.
B Viaticals use mortality tables; accelerated death benefits are determined by morbidity.
C Viaticals are funded by a third party; accelerated death benefits are provided by the insurer that issued the original policy.
D Viaticals are used to fund retirement; accelerated death benefits fund medical expenses. - ANSWER-C
Which of the following means having an illness or sickness that can reasonably be expected to result in death in 24 months or less?
A Chronic illness
B Fatal illness
C Malignant illness
D Terminal illness - ANSWER-D
Which of the following insurers must be nonprofit and sell insurance only to its members?
A Reciprocal
B Fraternal
C Service
D Mutual - ANSWER-B
When a viator sells a life insurance policy,
A Collateral assignment is given to the insurance company.
B Absolute assignment is given to the viatical settlement company.
C Collateral assignment is given to the viatical settlement company.
D Absolute assignment is given to the insurance company. - ANSWER-B
Who is a person, other than a viator, that enters into a viatical settlement contract?
A Provider
B Purchaser
C Effectuator
D Broker - ANSWER-A
Each insurer must maintain a complete file containing a copy of each document used in solicitation and sale of life insurance products for how long following the date of its last authorized use?
A 3 years
B 5 years
C 10 years
D As long as the insurer remains in business - ANSWER-A
Les avantages d'acheter des résumés chez Stuvia:
Qualité garantie par les avis des clients
Les clients de Stuvia ont évalués plus de 700 000 résumés. C'est comme ça que vous savez que vous achetez les meilleurs documents.
L’achat facile et rapide
Vous pouvez payer rapidement avec iDeal, carte de crédit ou Stuvia-crédit pour les résumés. Il n'y a pas d'adhésion nécessaire.
Focus sur l’essentiel
Vos camarades écrivent eux-mêmes les notes d’étude, c’est pourquoi les documents sont toujours fiables et à jour. Cela garantit que vous arrivez rapidement au coeur du matériel.
Foire aux questions
Qu'est-ce que j'obtiens en achetant ce document ?
Vous obtenez un PDF, disponible immédiatement après votre achat. Le document acheté est accessible à tout moment, n'importe où et indéfiniment via votre profil.
Garantie de remboursement : comment ça marche ?
Notre garantie de satisfaction garantit que vous trouverez toujours un document d'étude qui vous convient. Vous remplissez un formulaire et notre équipe du service client s'occupe du reste.
Auprès de qui est-ce que j'achète ce résumé ?
Stuvia est une place de marché. Alors, vous n'achetez donc pas ce document chez nous, mais auprès du vendeur papersbyjol. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €10,47. Vous n'êtes lié à rien après votre achat.
