Comprehensive Exam-KY Life & Health questions with correct answers

All of the following are producer responsibilities to the applicant, except: ans Offering and selling only the lowest premium policy ___________ manufacture and sell insurance coverage in the form of policies or contracts of insurance. ans Insurers When both parties must perform certain duties and follow certain rules of conduct to make a contract enforceable refers to a(n) __________ contract. ans Conditional _____________ insurance allows for insurance coverage to be obtained when not available from admitted carriers. ans Surplus lines The field underwriter is the _________ and is not a determiner of insurability. ans Producer To address adverse selection what can an insurer legally do? ans Establish and enforce sound underwriting practices A contract that is drafted by an insurer and receives no input or alteration from the insured, is considered a(n): ans Contract of Adhesion Which of the following parties does not sign an application for life insurance? ans The beneficiary