Naic life insurance Study guides, Class notes & Summaries
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NWM General Wisconsin Insurance Laws Questions and Answers 100% Pass
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NWM General Wisconsin Insurance 
Laws Questions and Answers 100% 
 
Pass 
 
What is coersion? A forceful act or threat aimed to influence a person to act against their will 
 
What is exempt? Not subject to an obligation 
 
What is an inducement? an offer that attmepts to influence the other party 
 
What is insolvent? Unable to meet financial obligations 
 
What is Lapse? A policy termination due to nonpayment of premium 
 
What is the NAIC? National Association of Insurance Commissioners 
 
Wh...
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Missouri Life and Health Insurance Exam Questions And Answers latest Updated 2024/2025 | 100% Verified.
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Missouri Life and Health Insurance Exam Questions And Answers latest Updated 2024/2025 | 100% Verified. In a Life insurance contract, an insurance company's promise to pay stated benefits 
is called the: 
a) insuring clause 
b) consideration clause 
c) entire contract 
d) owner's rights - Answer insuring clause 
under which circumstance MUST a health insurer have an expedited grievance 
review procedure? - Answer when the enrollee's life or health is jeapordized 
The Consideration claus...
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Exam FX Chapter 4: Life Insurance Policy Provisions, Riders and Options questions with correct answers
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Activities of daily living (ADLs) CORRECT ANSWER a person's essential activities that include bathing, dressing, eating, transferring, toileting, continence 
 
Assignment CORRECT ANSWER transfer of rights of policy ownership 
 
Contingent beneficiary CORRECT ANSWER a beneficiary who has second claim to the policy proceeds after the death of the insured 
 
NAIC CORRECT ANSWER National Association of Insurance Commissioners, an organization composed of insurance commissioners from all 50 states, ...
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VA State Health and Insurance Exam CH 10 with Complete Solutions
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VA State Health and Insurance Exam CH 
 
10 with Complete Solutions 
 
What governing body issues rules and regulations for the administration of the Insurance Code? 
A) The State Corporation Commission 
B) The Virginia Department of Insurance 
C) The Life and Health Guarantee Association 
D) The Joint Legislative Audit and Review Commission A) The State Corporation 
Commission 
 
The State Corporation Commission, referred to as "the Commission," issues the rules and 
regulations for the admin...
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Florida Life Insurance Latest 2024 Already Passed
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Florida Life Insurance Latest 2024 Already Passed Mutual Insurance Companies organized and incorporated under state laws. No stockholders. 
Mutual companies Participating, they pay dividends. 
Stock company Owns Stock. Nonparticipating (no dividends) 
Risk Retention Group Mutual company formed to insure ppl in the same business, occupation, profession (pharmacists, dentists, engineers) 
Fraternal Benefit Societies Non profit organization, lodge system that includes ritualistic work, and maintain...
Too much month left at the end of the money?
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Florida 2-15 Insurance Exam Prep Quiz with correct Answers |Latest 2024/2025
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Florida 2-15 Insurance Exam Prep 
Quiz with correct Answers. 
In a 3 partner cross-purchase plan, how many policies need to be 
purchased in order to protect each partner against the loss of any other 
partner? ️ 6 
According to the NAIC Life Insurance Solicitation Model, when soliciting life 
insurance, a producer is required to provide a prospect with a ______ and a 
_______ specific to the product being marketed. ️ general buyer's guide; 
policy summary 
The Incontestable Clause states t...
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Wisconsin Life Insurance Course Exam Questions With Answers Graded A+
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Wisconsin Life Insurance Course Exam Questions With Answers Graded A+ 
Stock Companies 
-private organization focused to make profits for shareholders 
-Stock dividends are paid to stock holders 
-policyholders do not participate 
 
 
Mutual Companies 
-have no stock holders 
-owners are policy owners 
-policy holders can vote for members of the board 
-policy owners receive dividends 
 
 
Lloyd's of London 
-A syndicate of individuals who underwrite insurance 
 
 
Reinsurers 
-are a specialize...
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Life Insurance Exam Questions and Answers 100% Pass
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At what point must a life insurance applicant be informed of their rights to fall under the Fair 
Credit Reporting Act? Upon completion of the application 
Who elects the governing body of a mutual insurance company? Policyholders 
An insurance applicant MUST be informed of an investigation regarding his/her reputation and 
character according to the ____________. Fair Credit Reporting Act 
Which of the following represents multiple companies? Independent Agent 
Which agency is responsible for h...
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Florida 2-15 Midterm Exam Questions With Correct Answers 100% 2024.
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In a 3 partner cross-purchase plan, how many policies need to be purchased in order to protect each partner against the loss of any other partner? - Answer 6 
 
According to the NAIC Life Insurance Solicitation Model, when soliciting life insurance, a producer is required to provide a prospect with a ______ and a _______ specific to the product being marketed. - Answer general buyer's guide; policy summary 
 
The Incontestable Clause states that the insurer cannot contest the validity of ...
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LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved)
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LIFE, HEALTH & VARIABLE ANNUITY (2-15 EXAM) QUESTIONS AND ANSWERS LATEST UPDATE 2024/2025 (100% Solved) Insurance concept founded on the ability to predict the approximate number of deaths or 
frequency of disabilities within a certain group during a specific time. - CORRECT ANSWERS 
Law of Averages 
An owner is worried that employees will help themselves to products on the shelf without 
paying for them. This is an example of what type of hazard? - CORRECT ANSWERS Moral 
Hazard 
Won't fly an a...
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