all of the following would be considered rebating exceptnorth island credit union amphitheatre view from seat

= 45/20 D Nonforfeiture values guarantee which policyowner? A policyowner fails to pay the premium due on his whole life policy after the grace period passes, but the policy remains in force. B 30 a constant a term a variable an expression. (Example) A man purchased a $90,000 annuity with a single premium, and began receiving payments 2 months after that. C. Address D False advertising. f. The subtotal in a responsibility income statement that comes closest to indicating the change in income from operations that would result from closing a particular part of the business. A producer in tensional he violated insurance statues. These are all considered to be Unfair Trade Practices, which are major violations that can lead to heavy penalties. A policyowner who is also yeh insured wants to name her husband as the beneficiary of her life policy. The policyowner of an adjustable life policy wants to increase the death benefit. An insured has a life insurance policy from a participating company and receives quarterly dividends. What protects the insured from an unintentional policy lapse due to a nonpayment of premium? A Unfair claims Will result in having to pay the highest premium due to health, history, habits, etc. This annuity plan is What is true regarding taxation of accelerated benefits under a life insurance policy? He never remarried and dies at age 61, leaving 2 grown-up children. A policy will pay the death benefit if the insured dies during the 30-year premium-paying period, and nothing if death occurs after the 20-year period. What would be the face amount of the new term policy? What is the advantage of reinstating a policy instead of applying for a new one? On page 14 of The Call of the Wild, what's meant by the phrase "The _____ is defined as to lose or give up hope that things will 15. Convertible without proof of insurability up to the full term death benefit. B$1,000 D Audit or abstract insurance policies or annuities. Requires the entire premium to be paid in one limp sum at the policy's inception. Is a program that assesses and reports information about various computer resources and devices. -is what's meant by the phrase "The domesticated generations fell Weegy: A suffix is added to the end of a word to alter its meaning. A banker is ready to close on a customer's loan. He has instructed the company to apply the policy dividends to increase the death benefit. = 15 * 3/20 What type of policy is this? 1 to 75. The validity of coverage under a life insurance policy may not be contested, except for nonpayment of premium, after the policy has been in force for at least how many years? Both the offer and acceptance of a rebate are illegal. If an insured continually uses the automatic premium loan option to pay the policy premium. D Collecting a lower premium than what's specified in a policy as a token of client appreciation. It was determined that the accident was his fault. C. the employee of a disabled licensed a producer It would be considered unfair discrimination to ask an insurance applicant about which of the following and then use that information as a rating factor to determine insurability? A person whose activities are limited to producing insurance advertisements How do you get to Motion settings on iPhone? In a direct rollover, how is the money transferred from one plan to the new one? Azanswer team is here with the correct answer to your question. B At least 3 hours must cover ethics. C 90 days standard form contract facebook; how to treat mange in cats at home twitter; moon drop grapes uk instagram; arrow olivia sewing table youtube; custom teku glassware mail All of the following would be considered to be rebating EXCEPT, which was part of Insurance MCQs & Answers. Log in for more information. The soon-to-be producer does not want to wait until he receives his license in order to begin working. What is true of the cash surrender nonforfeiture option? When twin brothers applied for life insurance from company a, the company found that while neither of them smoke and both had a very similar lifestyle, one of the twins was in a much stronger financial position than the other. A Temporary Candidates for either a property license or a casualty license must complete how many hours of pre-licensing education? C Rebating 180 days. 3. Who is personally liable for all contracts of insurance unlawfully made with in Tennessee on behalf of an unauthorized insurer? all of the following would be considered rebating except. C Dividends from a mutual insurer. In this situation, a licensee would have to apply for a resident's license within 90 days. Assuming that a policy does not contain an unconditional refund provision of at least 10 days, when must a Buyer's Guide and policy summary be provided? Which of the following is NOT a pathway in the oxidation of glucose. What is this called? What statement concerning group life is true? Commissioner. What happens when a policy is surrendered for its cash value? In level term and increasing term policies, the premium also remains level for the term of the policy. What term means a result of calculation based on the average number of months the insured is projected to live due to medical history and mortality factors? Which of the following is an eligibility requirement for all Social Security disability income benefits? An agent offers his client free tickets to a sporting event in exchange for the purchase of an insurance policy. Synonym for a substandard risk classification. Formula: (Ann . What type of license should the producer obtain? In this situation, the Commissioner must be notified within 30 days. It is intended to provide coverage on a date earlier than the age of the issuance of the policy, Pay the policy proceeds only if it would have issued the policy. In this state, what type of violation is rebating? And employee quits her job where she has a balance of $10,000 in her qualified plan. A Producer regulations and testing requirements. Mutual-policyholders; Stock-stockholders. Each of the following statements may (or may not) describe one of these technical terms. Two or more variables considered to be related, in a statistical context, if their values change so that as Cellular respiration is a process that all living things use to convert glucose into energy. The accelerated benefits provision for an early payment of the death benefit when the insured.. An insured purchased a 15-year level term life insurance policy with a face amount of $100,000. D. Coercion and intimidation. B What is the purpose of a free-look period in insurance policies? When producers give or promise anything of value that is not specified in the policy, they are guilty of rebating. There is a limit for a withdrawal and the insurer charges a fee. The first three, Straight life, limited payment, and single premium, are the basic forms of whole life. B An offer to share in commissions generated by the sale. C Dividends from a mutual insurer. What is the total, monetary penalty this producer can expect to receive? If an injured worker has earned 40 quarters of coverage, the worker's status under Social Security disability is? How can she obtain an individual policy? A person required to be licensed under the laws of the state to sell, solicit, or negotiate insurance is known as. The president of a company is starting an annuity and decides that his corporation will be the annuitant. All of the following statements concerning an employer sponsored non-qualified retirement plan are true as follows: Two attorneys at law and operate their practice as a partnership. In this case, what will the policy beneficiary receive? Minimum number of credits required for partially insured status for Social Security disability benefits is. And employee has group life insurance through her employer. For the purpose of making an investigation, the commissioner does have the power to do all the following: And in sure publishes intimidating brochures at portray the insurer's competition as financially and professionally unstable. What is the result of this? Brand managers can use Twitter strategically to accomplish all of the following, except: A local coffee shop conducts a survey of area residents who enter each one of the coffee shops in the area and learns that 85% desire an organic, fair-trade option. Which of the following is an example of a producer being involved in an unfair trade practices of rebating? Which of the following would be required to be licensed as an insurance producer? When the agent delivers the policy, collects the initial premium, and the applicant completes an acceptable statement of Good Health, A presentation of non-guaranteed elements of a policy, One-sided: only one party makes an enforceable promise. A producer or broker who makes oral or written statements intended to injure another producer or insurer is guilty of the unfair trade practice of defamation. What is true? How many credit hours of excess continuing education or producers allowed to carryover to the next renewal cycle? The policy contains the optional Payor Benefit rider. C 12 months What is being defined as the degree to which something is related or useful to what is happening or being talked about? A corporation is the owner and beneficiary of the key person life policy. An insured under a life insurance policy has been diagnosed with a terminal illness and has 6 months to live. The policy endows when the insured turns 100. D Engages in fraud. D 10. An insured pays an annual premium to his insurer. Upon policy reinstatement to pay all overdue premiums with interest before the policy is reinstated, The policyowner may assign a part of the policy (collateral assignment) or the entire policy (absolute assignment), Regarding the free-look provision, the insurance company. Pass an examination for each lie for which a license is sought c. Be appointed to represent at least one authorized insurance company d. Be at least 18 years old Contracts that are prepared by one party and submitted to the other party on a take it or leave it basis are classified as? June 14, 2022; jeep renegade 4x4 usata francoforte sul meno; astrological predictions for trump 2022 . What must be acceptable in order for the ride to be able to waive the payment of premium? A It allows for up to 15 excess credit hours to be carried forward to the next reporting period. Discriminating between individuals of the same class with equal life expectancies, or by reason of race, nationality, or ethnic group would be considered unfair discrimination. How could she obtain an individual policy? C Fine The death protection component of Universal Life Insurance is always.. A return of Premium term life policy is written as what type of term coverage? ________________ are owned and controlled by their policyholders. An insured committed suicide 6 months after his life insurance policy was issued. Which of the following could be used when a corporation, association, partnership, or limited liability partnership acts as a producer? Licensed, however, is outside of the U.S. Insurers who are owned by stockholders who have the usual rights of ownership, including the right of voting? B D C Figure out how many vegetables to plantEver wonder how many vegetable plants to buy when youre planning your garden? False financial statements are made when insurance companies attempt to hide their financial troubles from the public and government officials. If convicted for a false claim, an insured, agent, collector, physician or any other person could be fined up to $1,000. A Discrimination. A cease and desist order requires an individual to stop doing a specific activity that the Commissioner believes to be violating the Insurance Code. Group life insurance is a single policy written to provide coverage to members of a group. The designee of a producer that is called to active service with the Navy. 10 czerwca 2022 . Which of the following provisions would NOT be found in Term Life Insurance? The Insurance Department regulations are to protect the insurance-buying public. What is true about beneficiary designations? You dont have to worry about it anymore. Regarding the free-look provision, the insurance company.. What happens when a children's rider is added to an insured's permanent life insurance policy? The company also guarantees the specified dollar amount for each payment and the length of the payout period. Which type of life insurance policy generates immediate cash value? This is called.. On its advertisement, a company claims that it has funds in its possession that are, in fact, not available for the payment of losses or claims. B Advertise & solicit business as an insurance counselor or consultant Eligibility requirements for a license are established by the Insurance Code. The balance is paid out directly to the employee in order for her to move the funds to a new account. 1 Answer/Comment. Discriminating in benefits based on the insured's habits and lifestyle (such as smoking or dangerous hobbies) is acceptable. A 60 days All of the following would be considered to be rebating EXCEPT A) An agent offers to share his commission with a policyholder B) An agent offers tickets to a baseball game as an inducement to buy insurance C) An agent uses misrepresentation to convince a person to cancel an existing policy and take a new policy from him D Must be completed by all licensed resident and nonresident producers. Within how many days of requesting an an investigative consumer report must an (insurer) notify the consumer in writing that the report will be obtained? The integer 4 is considered all of the following except _____. This practice is considered When a company criticizes the financial situation of another company with the intention of injuring that company, it has committed an illegal trade practice called defamation. C Cease and desist order B During replacement of life insurance, or replacing ensure musky which of the following? juan holds ________ power. In this state, a temporary license may be issued for any of the following reasons EXCEPT. A temporary producer license could be issued without examination to all the following EXCEPT? (Example) your client wants both protection and savings from the insurance, and is willing to pay premiums until retirement at age 65. An individual has been diagnosed with Alzheimer's disease. What is this called? After 5 years, she decides to leave the company and work independently. C Twisting. What information will be stated in the consideration clause of a life insurance policy? All the following would be considered an unfair and deceptive practice. User: 3/4 16/9 Weegy: 3/4 ? Which of the following activities is not performed by an insurance producer? A table showing the nonforfeiture values for the next 20 years must be included in the policy. The dividend option that the insured has chosen is called? The applicant must file a certificate of completion of the prelicensing courses taken to prove that the courses were not taken more than 12 months before the Commissioner received the application. Which of the following is possible? B Twisting B. 1 to 50. What statement is true concerning buy-sell agreements? The paid-up addition option uses the dividend to.. What life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original recipient dies, the payments will continue to a designated beneficiary? Y was killed in an automobile accident on August 22, before the policy was issued. When does the policy coverage become effective? Beneficiaries do not have to have an insurable interest in the policyholder. A licensee must inform the Commissioner of a change of legal name or address within 30 days of the change. D An offer of employment. Two individuals are in the same risk and age class; yet, they are charged different rates for their insurance policies due to an insignificant factor. B An offer to share in commissions generated by the sale. Which life insurance settlement option guarantees payments for the lifetime of the recipient, but also specifies a guaranteed period, during which, if the original dies, the payments will continue to a designated beneficiary? Added 30 days ago|10/30/2021 2:46:29 PM. The agent is guilty of? The ownership provision entitles the policyowner to What is correct concerning the taxation of premiums in a key-person life insurance policy? If a resident insurance producer moves from Tennessee to another state, he/she must file a change of address and provide certification from the new resident state within how many days of the change of legal resident? What happens to the premium on the children's rider in a life insurance policy? D 10 days. C Dividends from a mutual insurer. 45 When the application is signed and a check is given to the agent, The insurer's domicile of location of incorporation will determine whether a company is domestic, foreign, or alien. Each agent must pay a $5 appointment fee to the Commissioner. B. Twisting. A Concealment. If a policy had an automatic premium loan provision, what happens if the insured dies before the loan is paid back? Which of the following acts would not get an insurance producer terminated "for cause"? Circulating deceptive sales material to the public is what type of Unfair Trade Practice? What employee insured under a group life plan would be allowed to convert to individual insurance of the same coverage once the plan is terminated? An insurer publishes intimidating brochures that portray the insurer's competition as financially and professionally unstable. This is a personal use of life insurance known as.. I love when a hack helps me to recycle, and makes my life easier. New answers. B Employees must receive a minimum of $5,000 in annual compensation, no other qualified plan can be used, no more than 100 employees. Which is NOT required of an applicant for an insurance license in Michigan? An employer has sponsored a qualified retirement plan for its employees where the employees where the employer will contribute money wherever a profit is realized. What characteristic makes whole life permanent protection? Michigan's continuing education requirement has each of the following characteristics EXCEPT This plan would be funded with before-tax corporate dollars, and it does not meet government approval standards. D$5,000. He wants to withdraw some money in order to pay medical bills. An insured had a continuous premium whole life policy. Which of the following would require an individual to stop participating in a specific activity if the Commissioner believes to be violating the Insurance Code? In order to receive a commission, a person is required to How many accounts must to Tennessee life and health insurance Guaranty association maintain? And insurance producer license may be renewed at the producer has paid the applicable fees, submitted the renewal form to the commissioner, and.. Having a client in inducement to a sale not stated in the policy is an unlawful practice known as? The annuity income payments are scheduled to begin after 1 year since the annuity was purchased. Within how many days of this notification must the producer be sent a copy? D Inviting prospective clients to the grand opening of the producer's new office. To appoint a producer as it's agent, the appointing insurer must file a notice of appointment with the commissioner within how many days from the date the agency contract is executed? How are contributions to a tax-sheltered annuity treated with regards to taxation? Most horse (1). Th rider in a whole life policy that allows the company to forgo collecting the premium if the insured is disabled is called? For an individual who is not covered by an employer sponsored plan, IRA contributions are What is correct concerning a non contributory group plan: To attain currently insured status under Social Security, a worker must have earned at least how many credits during the last 13 quarters? C B Unfair claim practice. What type of policy is this? Cash surrender, extended term, reduced paid-up. They want to start a program through their practice that will provide retirement benefits for themselves and three employees. The policyowner may assign a part of the policy or the entire policy. Which insurance arrangement will be appropriate for a parent buying a life insurance policy on a child where the parent is the policyowner? D Misrepresentation. The full premium was submitted with the application for life insurance, and the policy was issued two weeks later as requested. Brokers and financial advisors are prohibited from accepting rebates since they may create conflicts of interest. An insured owns a life insurance policy. Articles of merchandise with an invoice value of $5 or less for life insurance agents and $10 or less for property and casualty agents $10 or less are not considered rebates, and are allowed as gifts to insurance applicants or insured. A A Payment of restitution What is the other term for the cash payment settlement option? Term used to name the no taxes return of unused premiums? f. Get an answer. All the following are true regarding rebates except? If an immediate annuity is purchased with the face amount at death or with the cash value at surrender, this would be considered a? B Discrimination Which of the following best describes the act? What is this an example of? A key person insurance policy can pay for which of the following? The premiums paid by the employer in a business life insurance policy are All of the following are true of a key person insurance.. D$2,000. If an insurer wishes to appoint a producer, it must file a notice of appointment within how many days of the date that the contract is executed? Their daughter is reaching the maximum age of dependent coverage, so she will have to convert to permanent insurance in the near future. All of the following would be considered rebating except: sharing commissions with other licensed and appointed agents. C Coercion. If you insurance company makes a statement that it's policies are guaranteed by the existence of the Insurance Guaranty Association, that would be considered? The requirement that an agent not co-mingle insurance monies with their own fund is known as? An individual has been making periodic payments on an annuity. A There are several types of whole life polices. Required fields are marked *, Rebating is an unfair trade practice and is regulated by law. C A legal advertising strategy This pays 2 or 3 times the face amount if death is the result of an accident as defined in the policy and occurs within 90 days of such an accident. Search for an answer or ask Weegy. Cradle. D A termination issued by the appointing insurer. Dividends paid to policyholders of a mutual insurer are not considered to be a rebate because the policy specifies that they might be paid. all of the following would be considered rebating except. An insured had a $10,000 term life policy. 1.Reasonable expectations 2.Subrogation 3.Ambiguities in a contract of adhesion 4.Utmost good faith - answerSubrogation There are various optional provision for health policies. What policy component contains the company's promise to pay? It is never legal to limit coverage based on marital status. An investor buys a life insurance policy on an elderly person in order to sell it for a life settlement.. what is this an example of? What reports include written and/or oral information regarding a consumer's credit, character, reputation, or habits collected by a reporting agency from employment records, credit reports, and other public sources? According to the Fair Credit Reporting Act, all of the following would be considered negative information about a consumer: The four essential elements of all legal contracts: The Medical Information Bureau (MIB) was created to protect?

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