Arkansas statutes - Study guides, Class notes & Summaries

Life Insurance - Chapter 6 - Arkansas Statutes, Rules, and Regulations Pertinent to Life(RATED A+) 99no more than $1,000 Maturity Date - ANSWER The date when the final payment on a loan becomes due and payable

Arkansas Statutes, Rules, and Regulations Common to All Lines (All Questions with Correct Answers) 2024 Update..docx

Life Insurance - Chapter 6 - Arkansas Statutes, Rules, and Regulations Pertinent to Life Insurance Only Exam

_Solicitation -Negotiations -Sale -Advising an individual concerning coverage or claims - ANSWER-The Term Insurance Transaction includes what? Insurer (principal) - ANSWER-The ______ is the company or organization that issues a policy of insurance Domestic - ANSWER-A _________ insurer is an insurance company that is incorporated in this state. -The company's home office is in the state in which it was formed. Foreign - ANSWER-A ________ insurer is an insurance company that is inc...

Creditor - ANSWER Lender of funds Debtor - ANSWER Borrower of funds Endowment Contract - ANSWER Type of whole life policy that matures early (before insured's age 100) Industrial Life Policy - ANSWER A life insurance policy written with the face amount of no more than $1,000 Integrity of Contract - ANSWER States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warran...

Arkansas Statutes, Rules, and Regulations Pertinent to Life Insurance Exam

Life Insurance - Chapter 6 - Arkansas Statutes, Rules, and Regulations Pertinent to Life Insurance Only Exam

-Solicitation -Negotiations -Sale -Advising an individual concerning coverage or claims - ANSWER The Term Insurance Transaction includes what? Insurer (principal) - ANSWER The ______ is the company or organization that issues a policy of insurance Domestic - ANSWER A _________ insurer is an insurance company that is incorporated in this state. -The company's home office is in the state in which it was formed. Foreign - ANSWER A ________ insurer is an insurance company that is inc...

Debtor - ANSWER-Borrower of funds Endowment Contract - ANSWER-Type of whole life policy that matures early (before insured's age 100) Industrial Life Policy - ANSWER-A life insurance policy written with the face amount of no more than $1,000 Integrity of Contract - ANSWER-States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warranties. Alteration of a Contract - A...

Creditor - ANSWER Lender of funds Debtor - ANSWER Borrower of funds Endowment Contract - ANSWER Type of whole life policy that matures early (before insured's age 100) Industrial Life Policy - ANSWER A life insurance policy written with the face amount of no more than $1,000 Integrity of Contract - ANSWER States that the policy and the application constitute the entire contract between the parties, and all statements in the applications are considered representations, and not warran...