Garantie de satisfaction à 100% Disponible immédiatement après paiement En ligne et en PDF Tu n'es attaché à rien
logo-home
Recherché précédemment par vous
Recherché précédemment par vous
logo
CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST €15,26
Ajouter au panier
Accédez rapidement à
Aperçu
  2.  
  3. CA LIFE INSURANCE
  4.  
  5. CA LIFE INSURANCE

Examen

CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST

1 vérifier
 2 fois vendu
  • Cours
  • CA LIFE INSURANCE
  • Établissement
  • CA LIFE INSURANCE

CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer...

[Montrer plus]

Aperçu 4 sur 35  pages

Infos sur le Document

  • 12 janvier 2024
  • 35
  • 2023/2024
  • Examen
  • Questions et réponses

Sujets

  • ca life insurance exam questions and answers late
  • j has a life policy with the guaranteed insurabili
  • all of the following statements pertaining to a te
  • j has just purchased a whole life policy on her

École, étude et sujet

  • CA LIFE INSURANCE
  • CA LIFE INSURANCE

1  vérifier

review-writer-avatar

Par: delrosarioflorieann • 11 mois de cela

Vendeur

avatar-seller
TIFFACADEMICS

Avis reçus

Aperçu du contenu

CA LIFE INSURANCE EXAM QUESTIONS AND ANSWERS LATEST J has a life policy with the Guaranteed Insurability rider. J has just celebrated their 42nd birthday and realizes that she wants to use her rider and buy more death benefit. Which of the following will apply to J's request? A: The insurer will allow J to add more insurance without proving insurability. B: The insurer will allow J to add more insurance pending a paramedical exam. C: The insurer will deny J's request to add more insurance. D: The insurer will allow J to add more coverage pending proof of insurability and extra premium. - CORRECT ANSWER -C: The insurer will deny J's request to add more insurance. An insured has a policy with a Waiver of Premium rider. The insured has suffered an illness that will prevent them for working for two years. When will their premiums be waived? A: Immediately B: After the first nine months of disability C: After the first six months of disability D: Never, premiums cannot be waived because illness is not a disability. - CORRECT ANSWER -C: After the first six months of disability The clause that defines and describes the scope of coverage and the limits of indemnification is known as the: A: Insuring Agreement B: Incontestable Clause C: Payor Clause D: Entire Contract Clause - CORRECT ANSWER -A: Insuring Agreement D has just paid off his mortgage and has decided that he no longer needs his life insurance policy which he originally purchased to cover the house payments should he die. If D explores the possibly of selling his policy while he is still alive, it is know n as: A: a life settlement B: an annuity C: a Viatical settlement D: STOLI - CORRECT ANSWER -A: a life settlement Combination/Variation Plans insure: A: Groups B: Two or More lives under one contract C: Two or more people under separate contracts D: are a form of variable life insurance - CORRECT ANSWER -B: Two or More lives under one contract What is the tax consideration for taking a cash dividend option? A: The dividend is fully taxable as income B: The dividend is paid tax free C: Depending on income bracket of the insured, the dividend may be taxable D: If the company gets to keep half of the dividend it is take free - CORRECT ANSWER -B: The dividend is paid tax free Which of the following is not true regarding a renewable option on a term policy? A: The policy must be renewed regardless of insurability. B: The rates cannot be more than standard rates at renewal. C: Premiums are based off of attained age rates. D: A policy can be renewed, however, the insured must convert to a different policy. - CORRECT ANSWER -D: A policy can be renewed, however, the insured must convert to a different policy. Which of the following is considered to be part of the Entire Contract? A: Declarations Page B: Buyers Guide C: Copy of the Application D: All of the Above - CORRECT ANSWER -C: Copy of the Application Company A has a partnership with Company Z. There is an agreement in place that if the CEO of either company were to die, the other company would receive money to buy out the partnership. This is an example of: A: Buy/Sell Agreement B: Crosse Purchase plan C: Business Entity Plan D: Key Person - CORRECT ANSWER -C: Business Entity Plan All of the following are true regarding the Guaranty Association EXCEPT: A: A claimant may receive less benefits than what they had from a policy. B: The Association is comprised of All member insurers C: The Association is comprised of All member insurers and have a right to end membership while still transacting business in IL D: There is a $250,000 limit on the present value of annuity benefits. - CORRECT ANSWER -C: The Association is comprised of All member insurers and have a right to end membership while still transacting business in IL G has a credit life policy and is replacing that with a whole life policy. The agent must: A: formally replace coverage and include all forms to the insured B: notify the existing insurer with a notice regarding replacement form C: sign the application and forward all signed documents to the replacing insurer to send to the existing insurer D: None of the Above - CORRECT ANSWER -D: None of the Above Each of the following is an unfair claims practice by an insurance company, EXCEPT: A: Failing to acknowledging important communications regarding claims filed in a timely manner. B: Supplying brochures to claimants that indicate a competitor is in a precarious financial position. C: Purposefully misrepresenting important policy coverage and provisions to all claimants. D: Not supplying claims forms with proper instructions regarding their completion. - CORRECT ANSWER -B: Supplying brochures to claimants that indicate a competitor is in a precarious financial position. All of the following statements pertaining to a temporary license are true, EXCEPT: A: they survive the transfer of ownership of an insurance company who sponsored the licensee. B: the fee is $50. C: the Director may limit them in any manner in order to protect the public. D: a licensed sponsor may be required. - CORRECT ANSWER -A: they survive the transfer of ownership of an insurance company who sponsored the licensee. A Temporary License (180 days) allows the holder to engage in all of the following activities, EXCEPT: A: a surviving spouse of a producer can use the authority to help effect the sale of the insurance business. B: make certain that insureds are paying renewal premiums in a timely manner. C: ask the Director to extend the authority if an anticipated agency sale is taking longer than 180 days. D: sell a new policy to an existing client. - CORRECT ANSWER -D: sell a new policy to an existing client. The subject of a market conduct examination for non -financial matters may request a hearing within how many days after receiving the examination report? A: 10 days B: 15 days C: 20 days D: 30 days - CORRECT ANSWER -A: 10 days Which of the following sales is classified as controlled business? A: A producer places a one million dollar life policy on the life of his employer B: A producer places a one million dollar life policy on the life of his son C: A producer places a one million dollar life policy on the life of his niece D: A producer places a one million dollar life policy on the life of his neighbor - CORRECT ANSWER -A: A producer places a one million dollar life policy on the life of his employer The resident licensing fee for a Limited Lines Car Rental license is A: $50 every year B: $180 every two years C: $50 every two years D: $250 every year. - CORRECT ANSWER -B: $180 every two years What is the maximum length of time a producer license can be suspended by the Director? A: A producer license suspension is for a period of time deemed appropriate by the Director. B: 6 months C: 12 months D: 3 years. - CORRECT ANSWER -A: A producer license suspension is for a period of time deemed appropriate by the Director. All of the following is an example of an unfair practice EXCEPT: A: An applicant being denied based on military experience B: An applicant being denied based off partial blindness C: An applicant being denied for being a sky dive instructor D: An applicant being denied solely for being disabled. - CORRECT ANSWER -C: An applicant being denied for being a sky dive instructor All Viatical Settlement Providers must report on or before _______ of every year. A: January 1st B: Depends on License Issuance C: March 1st D: Birth month of the Licensee - CORRECT ANSWER -C: March 1st Each of the following is a requirement for a Life, Health, Property and Casualty prelicensing course, EXCEPT: A: The licensing candidate must spend 7.5 hours in class per line. B: The licensing candidate must complete a 20 hour course per line. C: An exam proctored by a course provider must be successfully passed before a prelicensing course is successfully completed. D: An exam that is graded by a course provider must be passed before a prelicensing course is successfully completed. - CORRECT ANSWER -C: An exam proctored by a course provider must be successfully passed before a prelicensing course is F, a producer in Illinois for twenty years failed to finish his entire continuing education requirement by his license renewal date. Which of the following will likely happen to F's producer license. A: Nothing, there is an automatic 30 day grace period. B: The producer license will lapse automatically. C: A producer holding a license in Illinois for 20 years or longer automatically is licensed for the remainder of his or her lifetime without a renewal requirement.

Les avantages d'acheter des résumés chez Stuvia:

Qualité garantie par les avis des clients

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

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

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 TIFFACADEMICS. Stuvia facilite les paiements au vendeur.

Est-ce que j'aurai un abonnement?

Non, vous n'achetez ce résumé que pour €15,26. Vous n'êtes lié à rien après votre achat.

Peut-on faire confiance à Stuvia ?

4.6 étoiles sur Google & Trustpilot (+1000 avis)

70089 résumés ont été vendus ces 30 derniers jours

Fondée en 2010, la référence pour acheter des résumés depuis déjà 15 ans

Commencez à vendre!

Récemment vu par vous

Examen ·

(0)

ISSA CPT Exam Questions & Answers | Already Graded A+

Examen ·

(0)

WGU Course C839 - Intro to Cryptography Exam Graded A+

Examen ·

(1)

Colorado NHA Exam Questions & Answers 100% Verified

Resume ·

(3)

Samenvatting Thema 5 VWO 5BvJ Regeling en waarneming

Examen ·

(0)

ACS Biochemistry Exam with 100% Correct Answers 2023

Examen ·

(0)

Anatomy USMLE Exam Test Guide Questions and Answers

Examen ·

(0)

Louisiana Real Estate Exam- Math All Answers Correct

Examen ·

(0)

OPOTA EXAM QUESTIONS AND ANSWERS 2024 LATEST UPDATE

Resume ·

(0)

Human Embryology and Developmental Biology – Lecture 2

€15,26  2x  vendu
  • (1)
Ajouter au panier
Ajouté