Delaware Life Insurance Study guides, Revision notes & Summaries

Delaware Insurance Exam - Chapter 2 Study Exam Guide 2024 Acceptance - CORRECT ANSWER-The issuance of an insurance policy by an insurer Acceptance Receipt - CORRECT ANSWER-Sets the effective date of coverage as the application date upon receipt of initial premium Actuarial Department - CORRECT ANSWER-The function responsible for rate-setting Application - CORRECT ANSWER-The form that provides the insurer with information necessary to assess risk Automatic Agreement - CORRECT ANSWER-A t...

Delaware Life Insurance Practice Exam Questions with 100% Verified Answers Insurable Receipt - CORRECT ANSWER-The reciept given to a life insurance applicant when the application is completed and the initial premium is received is called a(n) Representations - CORRECT ANSWER-Statements in the application for insurance that are believed to be true to the best of the applicants knowledge are Provide the annuitant with an interest rate that is lesser of the guaranteed or current rate - CO...

Delaware Life Insurance Company Questions and Answers 2024 Insurance Policy - CORRECT ANSWER-A contract between a policyowner (and/or insured) and an insurance company which agrees to pay the insured or the beneficiary for loss caused by specific events Insured - CORRECT ANSWER-Person covered by the insurance policy; may or may not be the policyowner Insurer (Principal) - CORRECT ANSWER-The company who issues an insurance policy Lapse - CORRECT ANSWER-Policy termination due to nonpay...

Delaware Life Producer Insurance Exam with Correct Answers 2024 A(n) _ may also perform the duties of a consultant. - CORRECT ANSWER-producer What is an example of a producer's implied authority? - CORRECT ANSWER-Collecting premiums The Commissioner may suspend or revoke a producer's license for - CORRECT ANSWER-keeping premiums owed to the insurer An insurer is charged _ for submitting an application for a certificate of authority in Delaware. - CORRECT ANSWER-$700 In Delaware, an...

Delaware Life Insurance Exam Terms (Questions and Answers) 2024 Accelerated Benefits - CORRECT ANSWER-Riders attached to life insurance policies which allow death benefits to be used to cover nursing home expenses or convalescent home expenses Accidental Death Benefits - CORRECT ANSWER-A policy rider that states that the cause of death will be analyzed to determine if it complies with the policy description of accidental death Accidental Death Insurance - CORRECT ANSWER-An insurance ...

Life Insurance Law Exam DE with 100% correct answers

DE Insurance Code - Life Producer Study Guide

Delaware L&H with 100% correct answers

DELAWARE LAWS, RULES & REGULATIONS: Life, Accident and Health, Property and Casual Insurance

Delaware Licensing Exam with 100% correct answers