Missouri life insurance Study guides, Class notes & Summaries

Missouri life insurance exam practice Questions & Answers!!

Missouri Life and Health Exam Questions and Answers 100% Pass 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 insuring clause under which circumstance MUST a health insurer have an expedited grievance review procedure? when the enrollee's life or health is jeapordized The Consideration clause in a life insurance contract contains what pertinent information? ...

Missouri life insurance exam practice Questions & Answers(graded A) When an employer terminate coverage under a group policy, how long is that coverage in force? -ANSWER 31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. -ANSWER The person must complete secondary education. What is the number of credits required for the fully insured status of social Securit...

Missouri life insurance exam practice Questions and Answers 100% accurate! When an employer terminate coverage under a group policy, how long is that coverage in force? - ANSWER31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. - ANSWERThe person must complete secondary education. What is the number of credits required for the fully insured status of social ...

When an employer terminate coverage under a group policy, how long is that coverage in force? -ANSWER 31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. -ANSWER The person must complete secondary education. What is the number of credits required for the fully insured status of social Security disability benefits? -ANSWER 40 What type of insurance would be us...

Missouri Life Insurance Exam Qs&As 401(k) Plan - ANSWER-A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - ANSWER-Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit - ANSWER-Policy provision that allows full or partial payment of the ...

When an employer terminate coverage under a group policy, how long is that coverage in force? - ANSWER31 Days. The employee has 31 days under the conversion privilege to convert to an individual policy. When talking about parties to a contract, what makes a person legally competent. - ANSWERThe person must complete secondary education. What is the number of credits required for the fully insured status of social Security disability benefits? - ANSWER40 What type of insurance would be us...

Missouri Life and Health Insurance Final Exam Graded A+ Whose interest is being protected by the enactment of " The Replacement of Life Insurance and Annuities" regulation? policyowner Q applied for life insurance and submitted the initial premium on January 1. The policy was issued February 1, but it was not delivered by the agent until February 7. Q is dissatisfied and returns the policy February 13. How will the insurer handle this situation? policy was returned with the "free look" per...

401(k) Plan - ANSWER A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment - ANSWER Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit - ANSWER Policy provision that allows full or partial payment of the policy's death benefit before the...

Missouri Life Insurance Exam Questions and Answers 100% Solved 401(k) Plan ️️A qualified retirement plan in which the employee can set aside a portion of their income with pre-tax dollars. Absolute Assignment v. Collateral Assignment ️️Absolute: A permanent and irrevocable transfer of rights and/or benefits by the policyowner. Collateral: A temporary and/or revocable transfer of benefits by the policyowner Accelerated Death Benefit ️️Policy provision that allows full or par...