An insuran Study guides, Class notes & Summaries

A group conversion option may be used in all the following instances EXCEPT - a life-changing event, such as marriage, divorce, or childbirth. Which is the primary purpose of Health Reimbursement Accounts (HRAs)? - To assist covered employees with the payment of medical expenses on a high deductible plan funded through pre-tax contributions. All of the following are characteristics of variable whole life EXCEPT - there is no guaranteed minimum death benefit. When should a buy-sell agree...

Idaho Bail Bondsman Insurance License Exam Questions and Answers...

All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage ️ c. Primarily describes the free-look period The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer ️ b. Employer Matt is applying for life insurance and requ...

Colorado Life Insurance Exam| Questions and Verified Answers| Grade A (2023/2024 Update) QUESTION How many days does an insurance producer have to report to the Commissioner any administrative action taken against them as well as any criminal prosecution that occurs in another jurisdiction? Answer: 30 days QUESTION When Jason filled out his application his statements had to be ______________ to be considered legal. Answer: Representations QUESTION Phil a...

MICHIGAN INSURANCE EXAM QUESTIONS AND ANSWERS

CPCU 500 (American Institutes Insurance CPCU 500) Questions & Ans..

Michigan Insurance Test

Primerica Life Insurance Test Exam Questions and Correct Answers 2024/2025 An example of an alien insurer doing business in this state is one formed under the laws of - CORRECT ANSWER-Mexico Partners in a business want to make sure that if - CORRECT ANSWER-Buy-Sell Agreement Ten years ago an insured purchased a life insurance policy designed to pay his family $500 - CORRECT ANSWER-Family income policy An agent delivers a policy to an applicant who pays the initial premium but refus...

c. Primarily describes the free-look period - Answer All of the following are functions of an insuring clause EXCEPT a. States the conditions under which the policy will pay b. Outlines the kind of benefits provided c. Primarily describes the free-look period d. Provides the policy's scope and limits of coverage b. Employer - Answer The policyholder for a group health benefit plan is considered to be the a. Employee b. Employer c. Liaison d. Insurer c. dies instantly from a ca...