XCEL CH 6 Study Exam Questions.
XCEL CH 6 Study Exam Questions. which of the following describes a person who is NOT acceptable by an insurer at standard rates because of health history, occupation, or Hobbies? - CORRECT ANSWER substandard risk an applicant intentionally lying to an insurance company on application in order to obtain it cheaper premium is an example of - CORRECT ANSWER fraud which of the following would be a valid reason why a policy premium would be higher than the standard premium? - CORRECT ANSWER the insured does not meet established underwriting requirements what would happen if a life insurance applicant is given a conditional receipt from an insurance agent and then dies the next day? - CORRECT ANSWER claim will be paid if application is approved a change in an insurance application requires - CORRECT ANSWER an initial made by the applicant an individual most likely will have an insurable interest in insuring a person's life if - CORRECT ANSWER an economic interest exist for the continuance of the insurance life when does a life insurance policy typically become effective? - CORRECT ANSWER when an initial premium is collected and policy is issued an insurance company needs to obtain personal information from a third-party concerning an applicant. which law do all insurers and their producers need to comply with? - CORRECT ANSWER Fair Credit
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- Subido en
- 10 de julio de 2024
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- Escrito en
- 2023/2024
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