Examen
Missouri Life Accident and Health Insurance Producer (OP12-MO54) License Exam
- Cours
- Établissement
Missouri Life Accident and Health Insurance Producer (OP12-MO54) License Exam
[Montrer plus]
Vendeur
S'abonner
ScholarSuccess
Avis reçus
Aperçu du contenu
Missouri Life Accident and HealthInsurance Producer (OP12-MO54)
License Exam
Refers to the location, or jurisdiction, where an insurer is formed or incorporated. -
II II II II II II II II II II II II II II II
Domicile
II
Which of the following is an insurance company that is organized under the laws of
II II II II II II II II II II II II II II II
another state within the United States? - Foreign
II II II II II II II II II
II The USA Patriot Act was passed as a result of - 9/11 Attack
II II II II II II II II II II II II II II
II Insurable interest must exist at the time of - Application
II II II II II II II II II II II
II The Insured's consideration is the - Payment of Premium
II II II II II II II II II II
II The Insurer's consideration is the - promise to indemnify
II II II II II II II II II II
II A contract written by one party, without any input from the applicant is considered to be a -
II II II II II II II II II II II II II II II II II
Contract of Adhesion
II II II II II
A contract in which one party is legally bound to the contractual obligations - Unilateral
II II II II II II II II II II II II II II II II II
Contract
II
Statements made by the applicant on the application that are believed to be true to the
II II II II II II II II II II II II II II II II
best of the applicant's knowledge are called - Representations
II II II II II II II II II II II
II Statements in the application that are guaranteed to be true in all aspects - Warranties
II II II II II II II II II II II II II II II II
Material vs. Immaterial Representations - Statements that impact the acceptance of an
II II II II II II II II II II II II II II
insurable risk are considered to be material.
II II II II II II II II
Immaterial representations do not affect the acceptance or rating of the risk.
II II II II II II II II II II II
II Any transaction in which a new life policy or annuity is to be purchased - Replacement
II II II II II II II II II II II II II II II II II
II A Notice Regrading Replacement must be signed by - The applicant and producer
II II II II II II II II II II II II II II
II Any changes that need to be made on an application must be initialed by - Applicant
II II II II II II II II II II II II II II II II II
What happens when the policy is issued, even though the application is incomplete? - It
II II II II II II II II II II II II II II II II II
is assumed that the missing information is not material to the issuance.
II II II II II II II II II II II II
, II A policy will not go into effect until, - The initial premium has been paid
II II II II II II II II II II II II II II II II
If the initial premium is paid at the time of application, the producer will issue a -
II II II II II II II II II II II II II II II II II II II
Conditional Receipt
II II
II The general purpose of underwriting is to detect, - Adverse Selection
II II II II II II II II II II II II
A general report of the applicant's finances, character, morals, work, hobbies and other
II II II II II II II II II II II II II
habits - Inspection Report
II II II II II II
A personal statement submitted by the producer regarding the applicant's financial
II II II II II II II II II II II
condition, and any personal knowledge of the applicant - Agent's Report
II II II II II II II II II II II II II
When the intitial premium is not paid with the application, the producer must also collect a
II II II II II II II II II II II II II II II II
___________ at the time of policy delivery - Statement of Good Health
II II II II II II II II II II II II II II
II An added benefit that may be attached to the policy that supplements existing coverage. -
II II II II II II II II II II II II II II
A Rider
II II II II
The simplest form of term life insurance for one year where the death benefit remains
II II II II II II II II II II II II II II II
level and the premiums increase yearly as the policy renews up to a specified age. -
II II II II II II II II II II II II II II II II II II
Annually Renewable Term
II II II
The premium is level and payable to age 100 or death of the insured, whichever comes
II II II II II II II II II II II II II II II II
first. The face amount remains level throughout the life of the policy. This policy has the
II II II II II II II II II II II II II II II II
highest total premium outlay. - Straight Life
II II II II II II II II II
A target premium is established by the insurer, which is the minimum amount that must
II II II II II II II II II II II II II II II
be deducted from the cash value to maintain the policy to age 100, based on current
II II II II II II II II II II II II II II II II
interest rates, mortality and expense charges. - Flexible Premium
II II II II II II II II II II II
A whole life policy that is written to cover 2 or more lives. The death benefit is paid upon
II II II II II II II II II II II II II II II II II II II
the first insured to die and the policy terminates. - Joint Life
II II II II II II II II II II II II II II
This whole life policy is usually written to cover 2 lives, and the death benefit is not paid
II II II II II II II II II II II II II II II II II II
until the last insured dies. - Joint Survivorship Life
II II II II II II II II II II II
If the insured becomes totally disabled, the insurer will waive premiums for the duration of
II II II II II II II II II II II II II II II
the disability or the end of the policy, whichever occurs first. - Wavier of Premium
II II II II II II II II II II II II II II II II II
If the payor (policyowner) dies or becomes disabled and is unable to make the premium
II II II II II II II II II II II II II II II
payments, the insurer will waive the premium payments for a specified period of time. -
II II II II II II II II II II II II II II II II II
Payor Benefit
II II
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 ScholarSuccess. Stuvia facilite les paiements au vendeur.
Est-ce que j'aurai un abonnement?
Non, vous n'achetez ce résumé que pour €12,77. Vous n'êtes lié à rien après votre achat.
Peut-on faire confiance à Stuvia ?
4.6 étoiles sur Google & Trustpilot (+1000 avis)
69052 résumés ont été vendus ces 30 derniers jours
Fondée en 2010, la référence pour acheter des résumés depuis déjà 15 ans