Xcel Laws and Rules Pertinent to Insurance Exam 2024 with complete solution

Xcel Laws and Rules Pertinent to Insurance Exam 2024 with complete solution What must an agent sign when an existing Life Insurance policy is being reissued with a reduction in cash value? Policy Summary Buyer's Guide Affidavit Notice Regarding Replacement of Life Insurance or Annuity - answerNotice Regarding Replacement of Life Insurance or Annuity Which of these circumstances requires an agent to make reasonable efforts to obtain information concerning the suitability of an annuity? Agent helps a client with the purchase of an annuity Agent sets up sales appointment Agent purchases advertisement regarding a new annuity product Agent helps a client with the purchase of an annuity - answerAgent helps a client with the purchase of an annuity Life Insurance coverage will frequently contain an Accelerated Benefits rider attached to the policy. What would be considered a "qualifying event " under these riders? Seasonal unemployment Short-term Disability Medical condition resulting in a significantly- shortened lifespan Divorce - answerMedical condition resulting in a significantly- shortened lifespan J the agent makes false statements to a perspective client about the projected dividends for a policy. J may be found guilty of: Defamation Misrepresentation Subrogation Twisting - answerMisrepresentation Which of the following is th