Nonparticipating plan - Study guides, Class notes & Summaries

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called - Correct Answer ️️ -reinsurance A nonparticipating company is sometimes called a(n) - Correct Answer ️️ -stock insurer What is considered to be the primary r...

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called - Correct Answer ️️ -reinsurance A nonparticipating company is sometimes called a(n) - Correct Answer ️️ -stock insurer What is considered to be the primary r...

Who is protected with the "other insurance with this insurer" provision? - Answer Insurance company A nonparticipating whole life insurance policy was surrendered for its $20,000 cash value. The total premiums paid had totaled $16,000. What were the federal income tax consequences to the policyowner on receipt of the cash value? - Answer $16,000 was received tax-free and $4,000 as ordinary income After the extended term life nonforfeiture option is chosen, the available insurance wil...

NJ Health Insurance Exam (XCEL Solutions) Questions and Answers Graded A+ Why are dividends from a mutual insurer not subject to taxation? - Correct Answer ️️ - because dividends are considered to be a return of premium ABC insurance company transfers part of their risk to XYZ insurance company. This situation is called - Correct Answer ️️ -reinsurance A nonparticipating company is sometimes called a(n) - Correct Answer ️️ -stock insurer What is considered to be the primary r...

Life Insurance Exam Prep Questions and Answers Rated A+ Primary purpose for a rating service company such as A.M best? To determine financial strength of an insurance company Primary reason for buying life insurance? Provide death benefits What is described as an insurers ability to make unpredictable payouts to its policy owners? Liquidity What is described as a plan in which an employer pays insurance benefits from a fund derived from the employers current revenue? Self-Funded Plan Which p...

XCEL SOLUTIONS PENNSYLVANIA INSURANCE TEST | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+ A nonparticipating company is sometimes called a Correct Answer: Stock Insurer The Do Not Call Registry offers exemptions for calls placed from all the following EXCEPT Correct Answer: Insurance Sales Calls Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty that may be imposed ...

Maryland life and health general exam simulator questions and answers with verified solutions The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called? A) non-cancelable B) conditionally renewable C) optionally renewable D) cancelable D)cancelable The cause of a loss is referred to as a(n) A) hazard B) adversity C) peril D) risk C) peril Maria is a Preferred Provider Organization (PPO) subscriber and rec...

Xcel Solutions Pennsylvania Insurance Test Questions and Answers Already Passed A nonparticipating company is sometimes called a Stock Insurer The Do Not Call Registry offers exemptions for calls placed from all the following EXCEPT Insurance Sales Calls Ken is a producer who has obtained Consumer Information Reports under false pretenses. Under the Fair Credit Reporting Act, what is the maximum penalty that may be imposed on Ken? $5,000 A plan in which an employer pays insura...

South Carolina Life & Health Final Exam Practice with Verified Solutions Bill requires some nursing care and supervision but NOT full-time care. Which of these nursing home options would best serve him? Assisted Living Ron has a life insurance policy with a face value of $100,000 and a cost of living rider. If the consumer price index has gone up 4%, how much may Ron increase the face value of the policy? $4,000 ($100,000 x.04) All of the following are functions of an insuring cla...

The type of policy where the insurer can send a notice to the insured that the policy has been cancelled in the middle of the term is called? A) non-cancelable B) conditionally renewable C) optionally renewable D) cancelable Answer- D)cancelable The cause of a loss is referred to as a(n) A) hazard B) adversity C) peril D) risk Answer- C) peril Maria is a Preferred Provider Organization (PPO) subscriber and received care from an out-of-network provider. Which of the following is the...