Primerica practice exam 5 - Study guides, Class notes & Summaries

Primerica Practice Exam 5 with Correct Answers Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: - Correct answer-Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? - Correct answer-Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: - Correct answer-Term...

PRIMERICA LIFE INSURANCE EXAM LATEST UPDATE 2024 GRADED A+ An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? a. mutual b. reciprocal c. nonprofit service organization d. stock - CORRECT ANSWER-A. mutual funds not paid out after paying claims and other operating costs are ...

Any transaction that involves purchasing a life insurance policy and terminating an existing policy is known as: Replacement According to the CA Insurance Code, in which if the following classes of insurance can a binder NOT be issued? Life Insurance or Auto Insurance An organization will cease to exist as an entity eligible to hold a license for all of the following reasons, except: Termination of key employee What does it mean if an agent's license is inactive? The ag...

Primerica Life Exam (State)correctly answered 2023 graded A+The McCarran Act stated that the federal government would not regulate insurance as long as an adequate job of regulating the industry was done by the: a. Counties b. Federal Government c. Insurers in a state d. States ? Circulating deceptive sales material to the public is what type of Unfair Trade Practice? a. False advertising b. Defamation c. Coercion d. Misrepresentation ? A "certification of license st...