Nc life exam 2024 - Study guides, Class notes & Summaries

NC Life Agent Exam questions and correct answers (elaborations) with 100% accurate , verified , latest fully updated , 2024/2025 ,already passed , graded a+, complete solutions guarantee distinctions rationales| 5-star rating

NC Life Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Fraternal Benefit Society - Answer -An organization of people who share a month ethnic, religious or vocational affiliation. They are entities they have no capital stock, have a representative form of government. They exist not for profit but solely for the benefit of their members and their beneficiaries and operate on a lodge system. Fraternal Benefit Societies - Answer -Agents of these societ...

NC Life Exam Simulation | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Which of the following actions require a policyowner to provide proof of insurability in an Adjustable Life policy? - Answer -ANSWER: increase face amount 2. If the Commissioner of insurance finds that a licensed person has used fraudulent, coercive, or dishonest practices or has proved to be incompetent, untrustworthy, or financially irresponsible, the law allows the Commissioner to - Answer ...

NC Life Insurance Practice Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS All of the following are included within the Insurance Commissioner's duties EXCEPT a) Conducting investigation of all domestic insurers. b) Reviewing the insurers' annual reports. c) Writing North Carolina insurance laws. d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforc...

Life Insurance Exam Prep Questions and Answers (2023 / 2024) (Verified Answers) An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? Premiums are waived if payor becomes disabled An agent who signs a blank contract...

NC Life Insurance Exam Prep | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - Answer -A policy summary and buyer's guide All of the following actions are considered rebating EXCEPT - Answer - Sharing commissions with other licensed and appointed agents What benefit does the Payor Clause on a Juvenile Life Policy provide? - Answer -Premiums are waived if payor becomes di...

NC State LIFE Insurance Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Insurable Interest - Answer -Something of value that, if lost, would cause you financial harm. Must exist upfront at time of application. Legitimate financial reason for buying insurance. Impersonation - Answer -Wrong person takes medical examination/test in connection with application for insurance. **Can be contested beyond 2 year incontestable clause** Adhesion - Answer -Ins. Co. desig...

NC life insurance simulated Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Blackstone Insurers is incorporated in New York, where it has also received a certificate of authority to transact insurance. what type of insurer is Blackstone in New York? - Answer -Admitted insurer Jennifer applied for a $500,000 whole life insurance policy. the insurer issued the policy but classified jennifer as a substandard risk, resulting in a higher premium. which type of poli...