Final Exam - Michigan Life and Health Part 2 Questions and Answers Already Passed

Final Exam - Michigan Life and Health Part 2 Questions and Answers Already Passed The acceptance of a credit life application requires the submission of a certificate of insurance to the insured within ___ days. 10 20 30 40 30 Karen is a producer who has obtained personal information about a client without having a legitimate reason to do so. Under the McCarran-Ferguson Act, what is the minimum penalty for this? $0 $5,000 $10,000 $15,000 $10,000 Which of these factors is NOT taken into consideration when determining the cost of a long-term care policy? Health of applicant Amount of benefits provided Age of applicant Personal income Personal income Life insurance policies will normally pay for losses arising from commercial aviation war suicide hazardous jobs commercial aviation Which type of clause describes the following statement: "We have issued the policy in consideration of the representations in your applications and payment of the first-term premium". Premium clause Consideration clause Adhesion clause Contestability clause Consideration clause Which of these will typically authorize treatment from a specialist? Administrator Policyowner Insurance company Gatekeeper Gatekeeper Which of these is affected by the frequency of an insurance