NC LIFE INSURANCE STATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS

NC LIFE INSURANCE STATE EXAM ACTUAL 2025/2026 QUESTIONS AND 100% CORRECT ANSWERS CREDIT LIFE - Answer -a special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. BUY-SELL AGREEMENTS - Answer -a legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement INSURABLE INTEREST - Answer -to purchase insurance the policy owner must face the possibility of losing money or something of value in the event of loss, insurable interest must exist between the policy owner and the insured at the time of applicationNeed assistance on Online classes, Exams & Assignments? Reach out for instant help!! Full Course Assistance, Plagiarism-free Essay Writing, Research Paper, Dissertation, Discussion Posts, etc…. Confidential & Secure services. Tutors are available for all subjects! Email now at: CONCEALMENT - Answer -the legal term for the intentional withholding of information of a material fact that is crucial in making a decision MISREPRESENTATION - Answer -statement that if discovered would alter the underwriting decision of the insurance company IMPERSONATION - Answer -Otherwise known as false pretense, refers to the act of assuming the name and/or identity of another person for the purpose of committing a fraud UNILATERAL - Answer -only one of the parties to the contract is legally bound to do anything. The insured makes no legally binding promises however an insurer is legally bo