Solicitation of insurance - Study guides, Class notes & Summaries
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Florida 2-15 exam Questions And Answers
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In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - Answer- 6 
 
According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. - Answer- general buyer's guide; policy summary 
 
The Incontestable Clause states that the insurer cannot contest the validity of a li...
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Florida Life, Health and Variable Annuity Exam Correct !!
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Entire Contract Provision - ANSWER found at the beginning of the policy, saying that the policy cannot refer to any outside documents as being part of the contract and prohibiting the insurer from making any changes to the policy after it has been issued. (can only make good changes not bad) 
 
Insuring Clause - ANSWER sets forth the company's basic promise to pay benefits upon the insured's death. 
 
Free-Look Provision - ANSWER gives policyowners the right to return the policy for a full pre...
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Florida 3-20 Public Adjuster Exam Outlines| 141 questions| with complete answers
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626.854 (3) Correct Answer: A public adjuster may not give legal advice or act on behalf of or aid any person in negotiating or settling a claim relating to bodily injury, death, or noneconomic damages. 
 
626.854 (5) Correct Answer: A public adjuster may not directly or indirectly through any other person or entity solicit an insured or claimant by any means except on Monday through Saturday of each week and only between the hours of 8 a.m. and 8 p.m. on those days. 
 
626.854 (6) Correct Ans...
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Florida Life and Variable Annuity 100% Correct
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peril - ANSWER the immdeiate specific event causing loss and giving rise to risk 
 
hazard - ANSWER any factor that gives rise to a peril 
 
physical hazard - ANSWER individual characteristics that increase chance of peril 
*physical condition, past medical history, condition at birth 
 
moral hazard - ANSWER tendencies that people may have that increase risk and chance of loss *drug addiction and alcholism 
 
morale hazard - ANSWER individual tendencies that arise from an attitude or state of m...
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Texas Life Insurance Exam Questions and Answers with complete solutions
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Insurance 
(General concept) - ANSWER - transfers the risk of loss from an individual to an insurer 
- based on the principle of indemnity 
- based on the principle of risk (risk pooling) 
 
insurable interest 
(General Concept) - ANSWER - must exist at the time of the application 
- insuring one's own life, family member, or a business partner 
 
Solicitation and sales presentation - ANSWER - illustration- presentation of nonguaranteed elements 
- buyer's guide is generic information abo...
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NJ Life Insurance Exam Latest Update Graded A+
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NJ Life Insurance Exam Latest Update 
 
Graded A+ 
 
Adverse Selection insuring of risks that are more prone to losses than the average risk 
 
lapse policy termination due to nonpayment of premium 
 
Insurance transfers risk of loss from an individual or business entity to an insurance company 
which in turn spreads the costs of unexpected losses to many individuals 
 
Life Insurance protects against loss associated with an insured's death, and pays a death 
benefit to beneficiaries upon death...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55| 200 QUESTIONS| GRADED A
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NY Life, Accident, and Health Insurance 
Agent/Broker Exam Series 17-55| 200 
QUESTIONS| GRADED A 
Process 2103 (d-i) - answer1. The Superintendent may issue a license to any person, firm or 
corporation who has complied with the requirements of the Insurance Code, authorizing the 
licensee to act as agent of any authorized insurer. Every individual applicant for a license under 
this section and every proposed sub-licensee must be 18 years of age or older at the time of 
issuance of such licens...
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 100% Pass
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NY Life, Accident, and Health Insurance Agent/Broker Exam Series 17-55 100% Pass Process 2103 (d-i) 1. The Superintendent may issue a license to any person, firm or corporation who has complied with the requirements of the Insurance Code, authorizing the licensee to act as agent of any authorized insurer. Every individual applicant for a license under this section and every proposed sub-licensee must be 18 years of age or older at the time of issuance of such license. The person must submit to a...
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Nebraska State Life and Health Insurance Exam Terms 100% Correct
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Nebraska State Life and Health 
Insurance Exam Terms 100% Correct 
 
Adverse Selection Insuring of risks more prone to loss than the average 
 
Agent/Producer legal representative of an insurance company 
 
Applicant/Proposed insured a person applying for insurance 
 
Hazard Conditions that increase the probability of a loss 
 
Moral tendency toward increased risk (driving fast) 
 
Morale indifference towards risk (not locking the door) 
 
Indemnity restoring the insured to the condition that ex...
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NJ Life Producer Practice Exam Questions with Answers
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NJ Life Producer Practice Exam Questions with Answers 
 
According to the Health Insurance Portability and Accountability Act (HIPPA), when can a group health policy renewal be denied? - Answer-Participation or contribution rules have been violated 
 
Which of the following actions is REQUIRED by an agent who is replacing an existing life insurance policy? - Answer-Submit to the replacing insurer a life of the policies to be replaced. 
 
Which market index is normally associated with an indexed ...
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