Life license - Study guides, Class notes & Summaries

Life and Health Insurance License prep questions with verified solutions Which of the following statements is true regarding accident and health insurance claims that reimburse on an idemnity basis? Claims can be sent directly to the insured. Tom the agent negotiates an agreement that unreasonably restrains the business of insurance. He has likely commited a violation of insurance law that falls under Boycott, coercion, and intimidation Viatical settlement proceeds may be subject to the claim...

In what type of policy does the owner pay the same premium throughout the term of the contract? a. Deferred premium policy b. Single premium policy c. Level premium policy d. Flexible premium policy - Answer - c. Level premium policy Which type of beneficiary CANNOT be changed without consent? a. When there are more than two beneficiaries b. The beneficiary is the spouse c. The beneficiary is a child of the proposed insured d. The beneficiary is irrevocable - Answer - d. The ben...

107 - Stakeholder Involvment 108 - System Variance Reporting 403 - Trauma Center Service Areas 501 - Hospital Radio Reports 502 - Patient Consent and Refusal for EMS Services 600 - Field Pronouncement of Death 600 i. - Five signs of immediate DOA 600 ii. - A pulseless and/or apneic patient with a valid Do Not Resuscitate (DNR) directive (refer to Santa Clara County Prehospital Care Policy 604: Do Not Resuscitate (DNR) / Advanced Directives) 600 iii. - A pulseless and/or apneic patient w...

Life Insurance License ExamOrdinary Straight Life - Whole Life - correct answer - Protection from the date of the policy issued to the date of the insured's death, or if still living at age 100 the policy has matured and death benefits are paid - Premium rate is based on the assumption that the insured will be paying premium for the "whole of life" - No changes can be made to the policy without the consent of the policy owner and the insurer - Death benefit and premium remain constant th...

Washington Life and Health (Disability) Questions and Answers Latest Update Graded A+ An insurer authorized to do business within this state is considered what type of insurer? A Alien B Domestic C Foreign D Admitted D-Admitted An insurer authorized to do business in this state is referred to as admitted, and could be either domestic, foreign, or alien domiciled. A long-term care policy can exclude from coverage all of the following, except: Hospitalization (acute ca...

PA LIFE INSURANCE LICENSE EXAM 2024 WITH 100% CORRECT ANSWERS an immediate annuity has been purchased with a single premium. when does the annuitant typically begin receiving benefit payments? - correct answer 1 month An insurer will accept a premium from the insured and continue the coverage in full force as though it was NOT late during which time period? Incontestable period Probation period Reinstatement period Grace period - correct answer Grace period The grace period ...

2024 INSURANCE LICENSE PRACTICE XCEL SOLUTIONS FINAL EXAM #12 - TEXAS LIFE ONLY COMPLETE 100 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

LIFE PRODUCER EXAM (MI) QUESTIONS AND ANSWERS ALREADY PASSED Which of the following is NOT true regarding a Certificate of Authority? a)It may be necessary for transacting business in a specific state. b)It is equivalent to an insurance license. c)It is issued by the state department of insurance. d)It is issued to group insurance participants. d) It is issued to group insurance participants. Before insurers may transact business in a specific state, they must apply for a licen...

Utah Health and Life Insurance Exam Questions and Answers Already Passed Under a Modified Endowment Contract, what are the likely tax consequences? Pre Death Distributions will become taxable Kathy's annuity is currently experiencing tax-deferred growth until she retires. Which phase is this annuity in? Accumulation period If threats or force is used to affect an insurance transaction, the unfair trade practice of _________ has been committed. Coercion A whole life policy option...

Life License Practice Test 2 - Questions and Answers An insurance contract must contain all of the following to be considered legally binding EXCEPT Beneficiary's consent. The four essential elements of all legal contracts are offer and acceptance; consideration; competent parties; and legal purpose. Equity indexed annuities Seek higher returns. Equity Indexed Annuities are not securities, but they invest on a relatively aggressive basis to aim for higher returns. Like a fixed annuity the Equ...