State Farm Actual Study Guide Exam Questions with Complete Answers

State Farm Actual Study Guide Exam Questions with Complete Answers Unauthorized Vendor - Answer-A specific Vendor that State Farm has identified as not authorized to be used by SF or Sf agents due to the potential risks posed to SF by engagement with the vendor. Agents should not use an unauthorized vendor. If an agent uses an unauthorized vendor his could impact the relationship. Demonstrations - Answer-shows guaranteed premiums for a term policy. In addition it will include guaranteed cash values. Illustrations - Answer-used as a tool to educate the customer concerning the features and provisions of policy options. Submission of an application for an insurance policy is best described as? - Answer-offer Information used in underwriting a policy for an insured, is made available to in insured because of which of these? - Answer-Financial Services Modernization Act What must be done to renew your Insurance License? - Answer-12 Hours of Continuing Education within 2 Years Which of the following is not a characteristic of a Mutual Insurance Company? - Answer-A policyholder is a voting member on the Board of Directors Property insurance policies that apply coverage only to perils that are stated in the policy, are considered to be written on? - Answer-A named peril basis