Mn life insurance - Study guides, Class notes & Summaries

In what type of policy does the owner pay the same premium throughout the term of the contract? - Level premium policy Which type of beneficiary CANNOT be changed without consent? - The beneficiary is irrevocable How many total hours of continuing education covering the subjects for which the license is licensed must complete. - 24 hours Accidental and dismemberment will pay the principal sum of death occurs: - As a result of an accident regardless of when the accident occurs The followin...

A producer offer a buyer $100 basketballs game tickets (not specified in the contract) introduce to purchase a policy, if the prospect purchase the policy and accepts the tickets, the Producer be will guilty of? - ️️Rebate All of the producers (except those who only transact credit insurance) must complete at least, how many hours of approved education course during 24 month licensing period? - ️️30hours If an insurer employee unlicensed producer, the commissioner can asses of foll...

MN LAWS, RULES, & REGULATIONS PERTINENT TO LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+MN LAWS, RULES, & REGULATIONS PERTINENT TO LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+MN LAWS, RULES, & REGULATIONS PERTINENT TO LIFE INSURANCE EXAM | QUESTIONS & ANSWERS (VERIFIED) | LATEST UPDATE | GRADED A+

MN Laws, Rules, & Regulations Pertinent to Life Insurance Questions and answers.

The commissioner examines each insurer every ___ Years. ans 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order ans $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. ans 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days prior to use ans 60 days Durin...

MN 553 UNIT 1 QUIZ | MN 553: ADVANCED PHARMACOLOGY & PHARMACOTHERAPEUTICS | COMPLETE TEST BANK | CHAPTERS 1-52 WITH CORRECT ANSWERS. Drugs administered via IV: 1 . Need to be lipid soluble in order to be easily absorbed 2 Begin distribution into the body immediately . 3 . Are easily absorbed if they are nonionized 4 . May use pinocytosis to be absorbed 14. When a medication is added to a regimen for a synergistic effect, the combined effect of the drugs is: 1 . The sum of the effe...

A producer offer a buyer $100 basketballs game tickets (not specified in the contract) introduce to purchase a policy, if the prospect purchase the policy and accepts the tickets, the Producer be will guilty of? - Rebate All of the producers (except those who only transact credit insurance) must complete at least, how many hours of approved education course during 24 month licensing period? - 30hours If an insurer employee unlicensed producer, the commissioner can asses of following penalty...

Beneficiary Protection from Creditors - If beneficiary eligible to receive death benefit but chooses to leave part/all on deposit with insurer, money is protected from claims of the beneficiaries creditors. Policyowner Rights - Spendthrift provision: Gives insurer the right to hold back proceeds received by beneficiary and protect them from creditors. For old policies without this provision, owner of policy has the right to add it. Insured has up to _____ days from receiving the policy to c...

MN Life and Health Insurance Exam Questions and Answers Rated A+ The commissioner examines each insurer every ___ Years. 5 years $____ fine per day if a person violates, aids, or abets a written cease and desist order $10,000 License fee may request a hearing within ____ days of commissioners order. After hearing request, Commissioner has ____ days to hold the hearing. 30 Days, 30 days All accident and health insurance policies must be filed with the commissioner at least ____ days...

Beneficiary Protection from Creditors - If beneficiary eligible to receive death benefit but chooses to leave part/all on deposit with insurer, money is protected from claims of the beneficiaries creditors. Policyowner Rights - Spendthrift provision: Gives insurer the right to hold back proceeds received by beneficiary and protect them from creditors. For old policies without this provision, owner of policy has the right to add it. Insured has up to _____ days from receiving the policy to c...