Producer taken - Samenvattingen, Aantekeningen en Examens

MAC3703 Assignment 1 Semester 1 2023 Answers, guidelines, workings and references ...................................................................... 1. Which strategy is used when a third party is asked to intervene to impose a solution when managing stakeholder expectations in a project environment? A. Arbitration B. Negotiation C. Partnering D. Mediation (2 marks) 2. Bantu Creations runs a chain of bars and night clubs within the Northern Cape. It is considering extending its operati...

H has suffered a covered disability away from her job and will shortly begin collecting benefits. The insurer sends a letter to H stating that she will not receive any benefit amounts greater than her income. This clause is known as: A: Over-insurance clause B: free look C: relation of earning to insurance D: relation of economic value - answer-C: relation of earning to insurance The insured should be aware of the issue date upon delivery a policy and the date should be listed on: A: the...

Mississippi Life and Health Final Exam Actual Questions and Answers 2023 Complete What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union employee A producer must report to the Commissioner of Insurance any administrative action or criminal cha...

The Commissioner conducts an examination of a domestic insurer and believes that the costs of examination places an unreasonable financial burden on the insurer. Which of the following will happen? a. The federal government will absorb the full cost b. The federal government will absorb part of the cost, and the state government will absorb the rest of the cost c. The costs will be reduced to the amount that the examinee can reasonable pat; the rest will be paid by the federal government d....

Massachusetts laws and rules latest version already passed A life insurance policy can be backdated before the application date for up to Six months Which statement is true regarding Massachusetts continuing education requirements for license producers? A producer must meet specified course requirements within a three-year period Which of the following individuals is eligible to receive a temporary producer license? An appointed employee who is replacing a deceased producer Whic...

What kind of life insurance product covers children under their parent's policy? Family Maintenance rider Term rider Family Income rider Payor benefit - ANSWER Term Rider Under a trustee group life policy, who would be eligible for a certificate of coverage? Corporation Employee Employer Labor union - ANSWER employee A producer must report to the Commissioner of Insurance any administrative action or criminal charges taken against the producer within __ days of the fin...

1. To renew a producer license which is been in affect more than 18 months, a producer must complete ANS 24 hrs & 3 of those hours ethics 2. To renew a producer license which is been in effect for 18 months or less, a producer must complete of CE. ANS 12 hrs 3. A producer must report to the commissioner any administrative action taken against the producer in any jurisdiction, for by another governmental agency in the state within of the final disposition of the matter. ANS - 30 days 4. Ho...

Which of these factors is NOT taken into consideration when determining the cost of a long-term care policy? - ANSWER ☑☑Personal Income What is the nonforfeiture value of an annuity before annuitization? - ANSWER ☑☑All premiums paid, plus interest, minus any withdrawals and surrender charges In an employer sponsored contributory group disability income plan the employer pays 60% of the premium and each employee pays 40% of the premium. Any income benefits paid are taxed to the em...

CON 170 Fundamentals of Cost and Price Analysis MIDTERM EXAM_2023. 1. Which of the following statements most closely summarizes government pricing objectives? b. Acquire goods and services from responsible sources at fair and reasonable prices. 2. As a contract specialist, you should be aware that: a) Different sellers in the same market may have different pricing objectives and approaches. b) Sellers in different markets often have different approaches to contract pricing. c) A single fir...

The acceptance of a credit life application requires the submission of a certificate of insurance to the insured within ___ days. 10 20 30 40 30 Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this? $0$5,000 $10,000 $15,000 $10,000 Which of these factors is NOT taken into consideration when determining the cost of a long-term care policy? Health of ...