Mn life - Study guides, Class notes & Summaries

MN LIFE INSURANCE Questions with 100% Correct Answers | Latest Version 2024 | Expert Verified | Ace the Test

MN LIFE INSURANCE QUESTIONS AND ANSWERS ALREADY PASSED Which of the following is not a duty of the Commissioner? a. Issue an insurance license for a producer b. Make state insurance laws c. Handle insurance-related consumer complaints d. Enforce state insurance laws b. Make state insurance laws During policy solicitation an insurer exaggerates the financial condition of one of its competitors and makes it sound worse than it is. This is an example of an unfair trade practice call...

MN LIFE ACCIDENT & HEALTH PRODUCER EXAM LATEST UPDATE GRADED A+ Speculative Risk involves the chance of loss or gain, and is not insurable Pure Risk involves the chance of loss only, and is insurable Peril Something that causes a direct loss Physical Hazard Visible (Black ice) Moral Hazard dishonest tendencies (Fraud) Morale Hazard Carless, Irresponsible (leaving keys in car) Exposure susceptibility to loss Adverse selection those with high risk situations attempt to ...

MN 576 Final Exam Questions With Answers Latest Update 2023/2024 Graded 100%. During well-women visits for 21- to 29-year-old sexually-active women who report more than 1 sex partner within the past 6 months, all of the following are appropriate screening tests except: Question options: 1) Pap smear. 2) HPV testing. 3) Pelvic examination. 4) STI screening. Question Components of the antenatal screening test known as the "quad screen" include all of the following except: Question optio...

Speculative Risk - Answer - involves the chance of loss or gain, and is not insurable Pure Risk - Answer - involves the chance of loss only, and is insurable Peril - Answer - Something that causes a direct loss Physical Hazard - Answer - Visible (Black ice) Moral Hazard - Answer - dishonest tendencies (Fraud) Morale Hazard - Answer - Carless, Irresponsible (leaving keys in car) Exposure - Answer - susceptibility to loss Adverse selection - Answer - those with high ri...

The commissioner examines each insurer every ___ Years. - Answer - 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order - Answer - $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. - Answer - 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use - Answer - 60 days ...

MN Life and Health Insurance Exam Questions and Answers Rated A+ The commissioner examines each insurer every ___ Years. 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days...

MN 551 / MN551 Quiz 5 Midterm Exam | Advanced Physiology and Pathophysiology Across the Life Span | Structure and function of the kidney | Latest Guide 2023 Graded 100%. An 87 year old male resident has been consistenly continent of urine until the last several weeks. Which of the following action by the care providers at the facility is the most likely priority? Physical exam The priority in the treatment of incontinence in the elderly is an acknowledgement that it is not an inevitability ...

In what type of policy does the owner pay the same premium throughout the term of the contract? a. Deferred premium policy b. Single premium policy c. Level premium policy d. Flexible premium policy - Answer - c. Level premium policy Which type of beneficiary CANNOT be changed without consent? a. When there are more than two beneficiaries b. The beneficiary is the spouse c. The beneficiary is a child of the proposed insured d. The beneficiary is irrevocable - Answer - d. The ben...