Missouri life - Study guides, Class notes & Summaries

Missouri Life and Health Insurance Exam 100% Correct!!!

MISSOURI LIFE AND HEALTH EXAM

Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? - Precise Answer policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? - Precise Answer policy was returned with the "free look" period, premium will be ...

Missouri Life And Health Exam – Questions & Solutions

Missouri Life And Health Insurance State Exam – A+ - Q&A

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Insurance policies are considered aleatory contracts because: 1)they are take it or leave it contracts 2)both parties consent to the contract 3)performance is conditioned upon a future occurence 4)the contract is voidable upon proof of fraud - Precise Answer Performance is conditioned upon a future occurence, because there is an element of chance and potential for unequal exchange of value Ace Your Exams with YANCHYSTUVIA! Are exams, assignments, and projects stressing you out? Say goo...

Missouri Life and Health InsuranceInsurance transaction includes: - correct answer By mail or other means: - Solicitation - Negotiation - Sale - Advising an individual about coverage Elements of a legal contract - correct answer -Agreement (offer and acceptance) - Consideration - Competent parties - Legal purpose - Negotiation does NOT need to happen Who make the offer in an insurance application - correct answer - Applicant When does acceptance take place - correct answer -...

Missouri Life And Health Insurance Final Exam – Q&A

MISSOURI LIFE AND HEALTH INSURANCE