Webc Study guides, Class notes & Summaries

Agent Thompson received a letter from the Department of Insurance asking her to provide proof of completing the continuing education requirements. Within how many days must Agent Thompson respond to the Department's inquiry? 20 30 10 45 - ANSWER-10 days Abby lives in Ohio, where she is licensed as an insurance producer. She wants to apply for a nonresident license in Pennsylvania. Which of the following conditions must she satisfy? She must move to Pennsylvania. She must surrende...

BIOD 151 Essential Human Anatomy and Physiology I Final Exam - Requires Respondus LockDown Browser + Webcam

WebCe – Ethics Exam Questions with correct Answers

PSY 101 Final Exam - Requires Respondus LockDown Browser + Webcam: General Psychology What are two features that are essential to experiments? Your Answer: have a group of participants and elaborate a plan how to conduct the experiment. Manipulation and control

Annuitization is - Answer- Accumulated values are converted into a stream of periodic income payments. How often can payments of annuities be paid out? - Answer- A specified term of years, for life, or a combination of the two. What is the reason (how has a consumer's priorities and needs shifted) that annuities are well suited for late-life retirement planning? - Answer- When a consumer priorities and needs typically shift from asset accumulation to income distribution What is the sta...

PORTAGE LEARNING BIOD 101 Final Exam - Requires Respondus LockDown Browser + Webcam

Webce Insurance Test Questions with Verified Answers 2024

WEBCE FINAL EXAM LATEST 2023 REAL EXAM 100 QUESTIONS AND ANSWERS WITH RATIONALES(VERIFIED ANSWERS)

Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...

How to Structure an Annuity Contract Which term refers to structured payouts that will liquidate an annuity's invested premiums and accumulated earnings over some period of time? - correct answer annuitization At Eileen's death, Winthrop received the death benefit payable under Eileen's annuity and chose to continue the contract in his name and continue to accrue tax-deferred accumulations. What was Winthrop's relation to Eileen? - correct answer He was her spouse. What kind of annui...