Primerica Life Insurance Exam Manual Colorado Chapter 1 Questions and Answers with Complete Solutions UPDATED!!!.

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Primerica Life Insurance Exam Manual Colorado Chapter 1 Questions and
Answers with Complete Solutions UPDATED!!!




Agents Report - ANSWER Personal Observations


Aleatory Contract - ANSWER Exchange of unequal amounts of
values


Application - ANSWER The main source of underwriting


Attending Physician's Statement (APS) - ANSWER Doctor's
Records
Needs written consent


Beneficiary - ANSWER Insured


Buyers Guide - ANSWER Basis and Generic information about
life insurance policies offered at the time of application


Competent Parties - ANSWER Parties to a contract must be
capable of entering a contract

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Conditional Contract - ANSWER Requires that certain conditions
must be met


Conditional Receipt - ANSWER If they submit a prepaid
application and the policy is issued as applied for, coverage will
be effective on the date of the medical exam.


Consequence of Incomplete Application - ANSWER Delay of
coverage and need to redo application


Consideration - ANSWER Something of value that each party
gives to the other
The Binding force in any contract


Consumer Reports - ANSWER Agent asks neighbors / family
about consumer on high profile cases


Contract of Adhesion - ANSWER Take it or leave it