100% tevredenheidsgarantie Direct beschikbaar na betaling Zowel online als in PDF Je zit nergens aan vast
Eerder door jou gezocht
COLORADO LIFE INSURANCE FINAL EXAM (ACTUAL EXAM) LATEST 2024 WITH 250+ EXPERT CERTIFIED QUESTIONS AND ANSWERS I ALREADY GRADED A+ €11,38
In winkelwagen
COLORADO LIFE INSURANCE FINAL EXAM ( ACTUAL EXAM ) LATEST 2024 WITH 250+ EXPERT CERTIFIED QUESTIONS AND ANSWERS I ALREADY GRADED A+ 30 days - ANSWERS -A producer or business entity shall report to the Commissioner any administrative action taken against the producer within : Assignment - ANSWERS -Richard is thinking about transferring some of the ownership rights of his policy to his brother Randy. What term is used for this type of transfer? Term policy - ANSWERS -Jeff has limited financial resources, but finds himsel f in a position where he needs a good deal of protection. A __________would probably best suit his needs at this time. November 7 - ANSWERS -On November 5, Zoe fills out an application for a life policy. On November 6, the agent accepts the premium for the policy. The policy is delivered on November 7. Which date does the Free Look period start? 24 hours - ANSWERS -Insurance producers must complete how many hours of continuing education each licensing period? Risk classification - ANSWERS -Jacob, James and Jonathan are triplets, and all applied for the same type of insurance coverage at the same time. For James and Jonathan the rates were the same. Jacob's rate was quite a bit higher. What is the most likely reason for this difference? Variable annuity - ANSWERS -If the cash values of an annuity are invested in securities, it is a: Defamation - ANSWERS -If an agent were to publish literature that is false or maliciously critical of another insurer calculated to injure a person engaged in the business of insur ance, the agent would be committing: Other agents - ANSWERS -An agent has a fiduciary responsibility to all the following, EXCEPT: Cash surrender - ANSWERS -Alex's life policy lapsed, which Nonforfeiture option would the insurer send him the value of the p olicy? Variable universal life - ANSWERS -Investment risk is completely taken by the policyowner is what type policy? Return of premium - ANSWERS -The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien - ANSWERS -What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? Yes, the interest can be paid annually, or added to the loan . - ANSWERS -Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest handled? Needs - ANSWERS -What approach calculates the amount of money a family needs immediately upon the death of the insured to pay for their expenses and basic necessities? A 41 year old lawyer who wants a policy to pay his mortgage if he dies (decreasing term life generally is used as mortgage insurance ) - ANSWERS -A decreasing term life policy would be the most appropriate for: The value of nonforfeiture options may decrease . - ANSWERS -Jennifer made an additional premium payment on her Adjustable Life policy. Whi ch of the following is not a way that her policy is affected by this payment? Contributory - ANSWERS -What type group plan requires 75% participation? Primary - ANSWERS -If more than one beneficiary is named, who is the first in line? In life insurance, insurable interest must be present at the time of: - ANSWERS -
Application MECs (Modified Endowment Contracts ) - ANSWERS -Over -funded life insurance policies where the proceeds are subject to taxation are called: First - ANSWERS -After wha t policy year of any life insurance policy, can suicide of the policyowner not be used as defense against the payment of benefits? 3 individuals - ANSWERS -In Colorado, what is the minimum number of individuals a group life policy will cover? Examining ap plications and issuing certificates of authority to insurance companies to transact insurance business - ANSWERS -Which of the following is a duty of the Commissioner? Dow Jones Industrial Average . - ANSWERS -Dylan is looking at buying an equity -
indexed lif e policy; it will likely be tied to: The policyowner - ANSWERS -Who has the right to change the beneficiary on a life policy? Fair Credit Reporting Act - ANSWERS -What guarantees Jason the right to question the source and validity of consumer information u sed to rate a policy? Pay the death benefit based on the applicant's actual age . - ANSWERS -If an applicant states their age is 30 on an application for life insurance, when they were actually 37, what is the insurer likely to do? A consent form must be s igned by the applicant prior to the test . - ANSWERS -
Which of the following must happen before an HIV test is performed on an applicant? Accelerated benefit rider - ANSWERS -Which rider on Diane's life policy will help her out when she is confined to a nurs ing home with a terminal illness? Accelerated benefits - ANSWERS -Life insurance death benefits that can be accessed tax -free when the insured is still alive are called:
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper Teacher101. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €11,38. Je zit daarna nergens aan vast.
