According to alabama law - Study guides, Class notes & Summaries

The minimum grace period for a life insurance policy sold in Alabama is: correct answers 30 days Alabama's annuity disclosure regulation: correct answers Requires the delivery of a buyer's guide and a disclosure document to annuity applicant An insurer pays a large claim for medical expenses after the insured has only made one premium payment. This is an example of an: correct answers Aleatory contract Which of the following is NOT guaranteed by a whole life policy? correct answers po...

A. 10-pay life policy correct answers Which policy accumulates cash value at the fastest rate? Estoppel correct answers The legal doctrine that prevents one from exercising a right of privilege is called contains a grace period. correct answers If the consideration clause states that the premium payment keeps the policy in force until the next premium is due plus 30 days thereafter, the policy The Commissioner can immediately cancel the producer's license based upon the Company's alle...

Alabama Life and Health Insurance Final Exam Questions and Answers (Verified by Expert) what law protects consumers from the circulation of inaccurate or obsolete information? - ANSThe Fair Credit Reporting Act Insurers are classified according to their domicile. What are the 3 types of insurers? - ANSdomestic, foreign, and alien what type of insurer is a voluntarily formed organization that provides religious organizations with a representative form of government? - ANSFraternal insure...

Chapter exam- Alabama laws and rules questions and answers rated A In Alabama, all health maintenance organizations must: Have a complaint system to resolve written complaints from enrollees. An insurance producer who offers a potential client something of value as an incentive to purchase insurance is engaging in: Rebating Medicare supplement policies marketed in Alabama: Cannot offer benefits that simply duplicate Medicare benefits Cannot be more restrictive than Medicare Cannot treat a lo...

Final exam Alabama life insurance (2023/2024) graded A The minimum grace period for a life insurance policy sold in Alabama is: 30 days Alabama's annuity disclosure regulation: Requires the delivery of a buyer's guide and a disclosure document to annuity applicant An insurer pays a large claim for medical expenses after the insured has only made one premium payment. This is an example of an: Aleatory contract Which of the following is NOT guaranteed by a whole life policy? policy dividends ...

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

ALABAMA LIFE INSURANCE EXAM 2 2024 WITH 100% CORRECT ANSWERS UPDATED Dividend options are defined as ways in which the policy owner can: - ANSWERS receives dividends paid on any stock held A life insurance company may pay a death claim for less than the face amount of a policy under which of the following conditions? - ANSWERS All of the above Which policy will have immediate cash? - ANSWERS single premium The process of underwriting primarily involves what two key steps? - ANSWERS ris...

Boating Exam Chapter's 1-6 Questions and Answers how should vessel's registration number and validation decal be displayed? -Answer- both sides of the bow of the boat what is most important when selecting the right PFD for a passenger? -Answer-body weight and chest size according to Alabama law, what operators are required to have completed an approved boating course in order to operate a personal watercraft (PWC)? -Answer-operators who are 12 years of age or older which type of PFD wi...

Alabama Life and Health Insurance Questions and Answers Already Passed Billy is the owner of a life insurance policy and has chosen a policy settlement option under which the company will pay the beneficiary (his widow) an income each month for as long as she lives. Payment stops at her death. Which settlement option has Billy selected? A. Fixed amount option B. Fixed period option C. Interest only option D. Life income option D. Life income option A man with an Accidental Death & Dismember...

Alabama Drivers ed boating test 2024 what important safety information is found on a boat's capacity plate? - Answer-number of people, weight capacity What should you do before fueling your boat? - Answer-close all windows, ports, and doors. turn off engine. Where should your trailer be located when you launch your boat? - Answer-well away from the boat ramp A regular part on engine maintenance - Answer-checking your oil how should you approach a dock when docking your vessel? - Answer-...