Beneficiary principle Study guides, Revision notes & Summaries
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed
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California Life, Accident, and Health Insurance Final Exam Questions and Answers Already Passed What distinguishes a deferred annuity from an immediate annuity? The time at which benefit payments start 
Cindy buys a 10-year certain annuity with an installment refund. After receiving monthly payments for 5 years, Cindy dies. How many remaining payments will the insurer make to her beneficiary? 60 payments 
What is a common reason people purchase an annuity? To protect against the risk of outlivin...
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WebCE Exam Questions with correct Answers
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Indirect Loss - Answer- A secondary loss that follows from a direct loss to insured property from a covered peril. 
Ex. Hotel expenses incurred by the insured while a fire-damaged home is repaired is an indirect loss that follows the direct loss of the home. 
 
Exclusive Agency System - Answer- An insurance distribution system in which producers (agents) represent a single company. 
Ex. In the exclusive agency system, insurers use independent contractors (exclusive agents) that represent only on...
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AD BANKER COMPREHENSIVE EXAM 2024 WITH 100% CORRECT ANSWERS
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A producer who is acting as an agent is representing: 
 
A 
The insured, the applicant and the beneficiary 
 
B 
Always the insured 
 
C 
The insured and the insurer 
 
D 
Always the insurer - correct answer D 
 
In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: 
 
A 
Restricted persons 
 
B 
Considerations 
 
C
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AD Banker Comprehensive Exam questions with correct answers
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A producer who is acting as an agent is representing: 
 
A 
The insured, the applicant and the beneficiary 
 
B 
Always the insured 
 
C 
The insured and the insurer 
 
D 
Always the insurer CORRECT ANSWER D 
 
In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: 
 
A 
Restricted persons 
 
B 
Considerations 
 
C
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Florida Claims Adjuster Exam 2023 , 6-20 All Lines Adjuster- Florida- Review
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Florida Claims Adjuster Exam 2023 
 
1.	Peril: Something that causes a loss. 
 
2.	Hazard: Something that increases the probability that a loss will occur. 
 
 
 
 
3.	Warranty: A policy condition, either based on information in the i nsureds appli- cation or inserted by the insurer. It is a guarantee of a fact. 
 
4.	Misrepresentation: An untrue statement by the insured, made in an application for insurance but which does not become a part of the policy. 
 
 
 
5.	Concealment: Th...
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AD BANKER COMPREHENSIVE EXAM STUDY GUIDE 2023-2024
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AD BANKER COMPREHENSIVE EXAM STUDY GUIDE 2023-2024 
 
A producer who is acting as an agent is representing: 
 
A 
The insured, the applicant and the beneficiary 
 
B 
Always the insured 
 
C 
The insured and the insurer 
 
D 
 
In order to be valid, a contract must be between individuals considered legally able to enter into an agreement. This principle is known as: 
 
A 
Restricted persons 
 
B 
Considerations 
 
C 
Competent parties 
 
D 
Agreement
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Xcell Testing Solutions (Life & Health) Final 150 Question and Answers Exam 2024.
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Xcell Testing Solutions (Life & Health) Final 150 Question and Answers Exam 2024. 
 
When can a policy owner change a revocable beneficiary? - correct answer Anytime 
M purchased an Accidental Death and Dismemberment (AD&D) policy and named his 
son as beneficiary. M has the right to change the beneficiary designation at anytime. 
What type of beneficiary is his son? - correct answer Revocable 
How would a contingent beneficiary receive the policy proceeds in an Accidental Death 
and Dismemberme...
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Real Estate Salesperson California State Exam 2023 with complete solutions
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Which of the following is most vital or important in planning a subdivision: - ANSWER-Market Analysis 
 
When rent is computed on the gross sales of a business occupying real property, the lease is correctly termed: - ANSWER-Percentage Lease 
 
What is not an adequate method of transferring property? - ANSWER-Executive Sale 
 
What is considered personal property? - ANSWER-Existing Mortgage 
 
If an income property is valued at $100,000 based on an 8% capitalization rate, what would be the value...
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PVL2602 Semester 1 Notes
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Succession 
Succession: 
- This aspect of law deals with what happens to an estate (the assets you leave behind) after you pass 
away. 
- Estate = the assets, obligations, liabilities, debts, etc. that you leave behind. 
- Inheritance = what is left once all the debts and liabilities have been paid. 
- Succession determines who qualifies to inherit. 
There are 2 types of succession: 
- 1) Testate = dealing with wills. 
- 2) Intestate = dealing with no wills. 
Terminology: 
- Deceased = person w...
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Florida Life, Health and Variable Annuities With Correct Solutions!!
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Disability Buy-Out plans feature: - ANSWER Long elimination plans up to two years (A disability buy-out plan funded with disability insurance has a long elimination period of generally two years. The elimination period begins the day of the disability. Then the disability policy will provide a lump sum to buy the disabled partner out. They want to make sure that the partner is not going to recover and come back to work) 
 
When MUST the Office of Insurance Regulation conduct a market conduct exa...
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