South Carolina Insurance Studienführer, Klassennotizen & Zusammenfassungen

South Carolina Life Insurance Exam (questions and answers) 2024 updated The balance of the loan will be taken out of the death benefit - CORRECT ANSWER-If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - CORRECT ANSWER-An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - CORRECT ANSWER-The clause that pro...

Final Exam South Carolina Life and Health Insurance // Real Exam // Updated 2024 // Correct Answers A closed network plan offers a primary physician copay of $25. If a subscriber chooses a primary care physician outside of the network, the subscriber will likely pay - CORRECT ANSWER-100% of the billed amount What does Coordination of Benefits allow? - CORRECT ANSWER-Allows the secondary payor to reduce their benefit payments so no more than 100% of the claim is paid A waiver of pre...

South Carolina Accident. Health, and Life Insurance Exam 2024 Annuity Certain - CORRECT ANSWER-Maria would like an annuity that provides a guaranteed accumulation or payout. The type of annuity she is seeking is called Survivorship Life - CORRECT ANSWER-The type of policy which pays on the death of the last person is called Malign another insurer - CORRECT ANSWER-Defamation occurs when a producer makes a false statement intended to A 70 year old NOT eligible for Social Security *Yo...

South Carolina P&C Insurance Exam Study Guide with 100% correct answers 2024 Abandonment - CORRECT ANSWER-the abdication of insured property into the hands of another, or into the possession of no one in particular Absolute Liability - CORRECT ANSWER-Liability that arises from an extremely dangerous situation. Often found in cases involving explosives. Also known as "strict" liability. For example, you are absolutely liable if you keep a wild animal as a pet. Accident - CORRECT AN...

Study Guide for Actual Final Exam - South Carolina Life and Health Insurance 2024 The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - CORRECT ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - CORRECT ANSWER-6 HIPAA considers which of the following as "individually identifiable health information"? - CORRECT ANSWER...

South Carolina Property and Casualty Insurance Exam Test 2024 The process an insurer uses to evaluate applications and determine if a policy should be issued and on what terms, conditions, and rate is known as? - CORRECT ANSWERUnderwriting The Director is conducting an examination of a foreign company transacting business in South Carolina. Who is responsible for the cost of the examination? - CORRECT ANSWER-Foreign company Driver A has a personal auto policy with Part C: UM/UIM limi...

Final Exam - South Carolina Life and Health Insurance 2024 The branch of dentistry which deals with the replacement of missing parts is called Endodontics Periodontics Orthodontics Prosthodontics - CORRECT ANSWER-Prosthodontics How many months can a life insurance policy normally be backdated from the date of application? 3 6 9 12 - CORRECT ANSWER-6 HIPAA considers which of the following as "individually identifiable health information"? - CORRECT ANSWER-A person's health cla...

South Carolina Life Insurance Exam (questions and answers) 2024 updated The balance of the loan will be taken out of the death benefit - CORRECT ANSWER-If a policy has a automatic loan provision, what happens if the insured dies before the loan is paid back? Inspection Report - CORRECT ANSWER-An insurer receives a report regarding potential insured that includes financial status, hobbies, and habits. What type of report is that? Spendthrift Clause - CORRECT ANSWER-The clause that pro...

South Carolina Insurance Exam Questions and Correct Answers 2024 An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - CORRECT ANSWER-Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - CORRECT ANSWER-Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - CORRECT ANSWER-Nonconcellable ...

South Carolina Insurance Exam Questions and Correct Answers 2024 An insurer is REQUIRED to offer which of the following to each long-term care applicant at the time of purchase? - CORRECT ANSWER-Inflation protection Which of these riders will pay a death benefit if the insured's spouse dies? - CORRECT ANSWER-Family term insurance rider Disability income plans which require that the insurer can NEVER change or alter premium rates are usually considered - CORRECT ANSWER-Nonconcellable ...