GA LIFE INSURANCE EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (130)
Who elects the governing body of policyholders
a mutual insurance company?
What year was the McCarran- 1945
Ferguson Act enacted?
, A nonprofit incorporated society a fraternal benefit society
that does not have capital stock
and operates for the sole benefit of
its members is known as:
The stated amount or percent of reserves
liquid assets that an insurer must
have on hand that will satisfy future
obligations to its policyholders is
called:
What is the name of the law that Fair Credit Reporting Act
requires insurers to disclose
information gathering practices and
where the information was
obtained?
The part of a life insurance policy warranty
guaranteed to be true is called a:
What is the consideration given by promise to pay a death benefit to a named
an insurer in the consideration beneficiary
clause of a life policy?
Statements made on an insurance representations
application that are believed to be
true to the best of the applicant's
knowledge are called:
ACTUAL QUESTIONS AND CORRECTLY WELL
DEFINED ANSWERS LATEST ALREADY GRADED
A+
Practice questions for this set
Learn 1 /7 Study with Learn
Terms in this set (130)
Who elects the governing body of policyholders
a mutual insurance company?
What year was the McCarran- 1945
Ferguson Act enacted?
, A nonprofit incorporated society a fraternal benefit society
that does not have capital stock
and operates for the sole benefit of
its members is known as:
The stated amount or percent of reserves
liquid assets that an insurer must
have on hand that will satisfy future
obligations to its policyholders is
called:
What is the name of the law that Fair Credit Reporting Act
requires insurers to disclose
information gathering practices and
where the information was
obtained?
The part of a life insurance policy warranty
guaranteed to be true is called a:
What is the consideration given by promise to pay a death benefit to a named
an insurer in the consideration beneficiary
clause of a life policy?
Statements made on an insurance representations
application that are believed to be
true to the best of the applicant's
knowledge are called:
