NC life insurance simulated Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS

NC life insurance simulated Exam | Questions and Correct Answers | Latest Update 2024/2025 | 100% PASS Blackstone Insurers is incorporated in New York, where it has also received a certificate of authority to transact insurance. what type of insurer is Blackstone in New York? - Answer -Admitted insurer Jennifer applied for a $500,000 whole life insurance policy. the insurer issued the policy but classified jennifer as a substandard risk, resulting in a higher premium. which type of policy delivery would be preferred in this situation? - Answer -Legal Delivery when agent angela met with larry for the first time, she learned that he already owned a life insurance policy and was considering replacing it with a new policy. What action must angela take? - Answer -Give the applicant a Notice Regarding Replacement. most insurance polices are personal contracts between the insurer and the policy owner. which of the following is NOT a personal contract - Answer -Life InsuranceThe fact that an insurance contract generally cannot be transferred to a third party without the insurers consent makes it what type of contract? - Answer -Personal Life insurance is commonly used for all of the following needs, EXCEPT: - Answer -to pay ongoing long-term medical and nursing care incurred by the insured The underwriter at the home office relies on many sources of information in deciding to accept,