A producer represents - Study guides, Class notes & Summaries

Webce Test Questions With 100% Correct Answers While completing an application for a health insurance policy, Dan discloses his partial blindness. The insurer will treat his blindness as a: - Physical Hazard ABC insurance company fires Renee, a producer. She continues to interviews prospects, make sale presentations with company materials, and collect premiums. When dealing with Renee, the prospects believe that she has what kind of authority from ABC - apperant Which ...

AINS 101 Questions with 100 % verified correct answers 1. Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the:ANS: Direct writer marketing system 2. Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a:ANS: Contract of adhesio...

AINS 101 Exam; Questions and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the Correct answer Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a Correct answer Contr...

AINS 101 Questions with complete solution Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - correct answer Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - correct answer Con...

Connecticut Producer's Examination for Life/Accident and Health Insurance 2024 New Review Licensing Process - 1) Be 18 years or older 2) Be a U.S. citizen or a legally admitted alien 3) Complete all educational requirements 4)Pass exam 5) Be a legal resident at the time of application 6) Satisfy the Commission as to honesty, trustworthiness, integrity, and competency. Honesty, trustworthiness, and integrity will be established by the background check on the initial application. Types...

Insurance (General concept) - - 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) - - must exist at the time of the application - insuring one's own life, family member, or a business partner Solicitation and sales presentation - - illustration- presentation of nonguaranteed elements - buyer's guide is generic information about life polices which must be ...

Psych 3460 Quiz 2 Review Questions and Answers 100% Pass A television producer is interested in whether women like soap operas more than sitcoms. The producer uses a random number table to select a sample of one hundred households, and then makes phone calls to these households every afternoon for three weeks. Of those who were home when the producer called, 75% reported they liked soap operas more than sitcoms. Which of the following might raise questions about the results? The use of a...

AINS 101 | 112 Questions and Answers 100% Solved Bill is an insurance producer for and employed by ABC Insurance Company (ABC). He represents only ABC when marketing insurance products, and uses an administrative staff also employed by ABC. Bill is a producer in the - Direct writer marketing system Because the insurance company usually determines policy wording and the insured has little choice but to "take it or leave it," an insurance contract is a - Contract of adhesion Which o...

Which of the following is correct concerning the taxation of premiums in a key-person life insurance policy? - Premiums are not tax deductible as a business expense - Premiums are tax deductible by the key employee - Premiums are tax deductible as a business expense - Premiums are taxable to the employee - - Premiums are not tax deductible as a business expense. The business cannot take a tax deduction for the expense of the premium. However, if the key employee dies, the benefits paid to t...

Agent/Producer : A legal representative of an insurance company Broker : An insurance producer not appointed by an insurer and whom represents the client Insured : A person covered by an insurance policy Insurance policy : A legal contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured/beneficiary for losses caused by specific events Principal : Insurer, company who issues insurance policies 2 | P a g e Policyowner : The person e...