Clu exam 1 ch 13 - Study guides, Class notes & Summaries

The function of the selection process in life insurance is to determine whether an applicant's degree of risk for insurance is commensurate with the premium established for people in the same classification being considered. - ANSWER-True The primary purpose of risk selection is to allow the company to underwrite a sufficiently high number of the better-quality applicants. [1] - ANSWER-False Because many people who seek life insurance know of an impairment that might be expected to shorte...

Health Ch. 8 Indiana Laws & Rules Pertinent to Insurance Questions and Answers Graded A In order to conduct business in Indiana, admitted Insurance Companies must have a Certificate of Insurance Certificate of Authority Business Entity license Domestic Insurer license Insurance Companies admitted to do business in Indiana must have a Certificate of Authority. Which of these statements regarding licensed Indiana Insurance Consultants is true? Must hold meetings with clients in an approved f...