Calculates policy rates Study guides, Class notes & Summaries

Return of premium - Answer- The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien - Answer- What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? Yes, the interest can be paid annually, or added to the loan. - Answer- Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest ha...

CHAPTER 1. Property and Casualty Exam Texas, With Complete Verified Solution 2023/2024 INSURANCE The method of spreading the risk of a financial loss among a large number of people. When spreading the risk reduces the financial impact of an individual loss. INSURANCE COMPANY entity that agrees to indemnify (make financially whole again) Insureds against covered losses PROPERTY Various types of insurance designed to insure property from financial loss. D.H.C.I.O.C 1.Dwelling 2.Homeowner...

Absolute Assignment - ANSWER assignment by the policyholder of all the policy control and rights to a third party Accident and Sickness - ANSWER insurance against bodily injury, death or disability by accident or against disability or expense resulting from sickness Accident Insurance - ANSWER a form of health insurance against loss by accidental bodily injury Accidental Bodily Injury - ANSWER generally, traumatic damage to the body, of external origin, unexpected and undersigned by the...

Colorado Life Insurance Final Exam All Answers Correct Return of premium ️The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien ️What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? Yes, the interest can be paid annually, or added to the loan. ️Does a loan on the cash value of a life insurance policy accrue int...

Actuarial Department - ANSWER Calculates policy rates, reserves, and dividends Alien Insurer - ANSWER An insurer whose principal office and domiciled location is outside the country Admitted Insurer - ANSWER An admitted or authorized insurer is an insurer who has received a certificate of authority from a state's department of insurance authorizing them to conduct insurance business in that state. Broker - ANSWER Represents themselves and the insured (i.e. the client, customer) Capt...

Return of premium -ANSWER The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien -ANSWER What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? Yes, the interest can be paid annually, or added to the loan. -ANSWER Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest handled?...

CALIFORNIA LIFE ONLY LIFE INSURANCE STATE EXAM 126 Questions with Answers Which of the following pieces of information is NOT gathered during the personal financial planning process? - CORRECT ANSWER "An individual's civic organization memberships" are NOT gathered. An individual's expenses, assets, and income. All of these pieces of information are normally gathered during the personal financial planning process A life insurance policy'slimit of liabilitv would be - CORRECT ANSW...

CA life and Health: Life Insurance Basics 223 Questions with Answers A family's need for income is greatest during the - CORRECT ANSWERFamily Dependency Period Time after the insured has died, leaving a surviving spouse with dependent children to support. Which of the following would be least likely to be considered a legitimate need that would be paid by insurance proceeds? - CORRECT ANSWERVacation travel expenses THere are many legitimate need-based expenses that can be pai...

Return of premium The life insurance rider that pays the face amount plus the total premiums paid into the policy is known as: Foreign or alien What kind of company can the Commissioner file a complaint to enjoin and restrain from continuing violations of the insurance regulations of Colorado? Yes, the interest can be paid annually, or added to the loan. Does a loan on the cash value of a life insurance policy accrue interest, and if so, how is the interest handled? Needs...