How can insur - Study guides, Class notes & Summaries

1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- Fair Credit Re- porting Act 4. Who elects the governing body of a m...

North Carolina XCEL Testing Life & Health Insurance Exam Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated -Answer: 1970 - Fair Credit Reporting Act What type of reinsurance contract involves two companies automatically sharing their risk exposure? -Answer: Treaty What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained? -Answer: Fai...

Pearson Vue Comprehensive Exam Part 1 Questions and Answers 100% Pass Admitted life insurance must pay interest, at a rate specified by life, on death benefits from the date of the insured's death, through how many days following the date the insurer receives the claim? a. 15 days b. 20 days c. 30 days d. 31 days - Correct Answer ️️ -c. 30 days The policy loan amount cannot exceed the __________________. a. The cumulative premiums paid b. The loan balance c. Available cash surre...

North Carolina XCEL Testing Life & Health Insurance Exam 2023/2024 1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- ...

ERISA - Answer- Employee Retirement Income Security Act 1974 SOC Reports - Answer- Service Organization Controls: for external vendors SOC 1 - Answer- Internal Controls & Financial reports; used by auditors SOC 2 - Answer- Security, availability, processing integrity, confidentiality and privacy controls;used by management, regulators, and others under an NDA SOC3 - Answer- Same as SOC2, but available for public use. Tribble V Edison - Answer- Landmark court case re fiduciary resp...

1. If an insurer meets the state's financial requirements and is approved to transact business in the state, it is considered to be: Authorized 2. A participating insurance policy may do which of the following?: Pay dividends to the policy owner 3. An insured owns a life insurance policy. To be able to pay some of her medical bills, she withdraws a portion of the policy's cash value. There is a limit for a withdrawal and the insurer charges a fee. What type of policy does the insured most li...

Ms. P is offered hospice care for her end-stage cardiac disease. Which statement by Ms. P reflects a need for the nurse to provide further education? -A. I know i am close to the end of my life -B. my family would really benefit from hospice just as much as i would -C. my friend had hospice care and her only wish was that she'd had hospice care longer than two months -D. why would I get hospice? I thought hospice is really for patients with cancer: D. why would I get hospice? I thought hosp...

North Carolina XCEL Testing Life & Health Insurance Exam 2023/2024 1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- ...

1. Which of the following requires insurers to disclose when an applicant's consumer or credit history is being investigated:: Ans- 1970 - Fair Credit Reporting Act 2. What type of reinsurance contract involves two companies automatically sharing their risk exposure?: Ans- Treaty 3. What is the name of the law that requires insurers to disclose information gathering practices and where the information was obtained?: Ans- Fair Credit Re- porting Act 4. Who elects the governing body of a m...

life insurance exam practice questions and answers | 100% pass The key factor of representation that allows the intraparty to resend the contract is - Answer️️ -If the representation is false any marital point The written instrument in which a contract of insurance is set forth is known as - Answer️️ -A policy What is the term for a sale campaign conducted through mail - Answer️️ -Direct response What is reassurance - Answer️️ -An agreement between Cedar and assuming insu...