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NC Insurance Licensing Exam Questions &
Verified Answers 2024-2025 | 100%
Pass Rate | | 100% Success Guarantee |
Easy-to-Download
P is a producer who notices 5 questions on a life application were not answered. What
actions should P take?
✓ Set up a meeting with the applicant to answer the remaining questions
Which of the following does Social Security NOT provide benefits for?
✓ Dismemberment
An Accident/Health policyholder has ____ days to return the policy and receive a full refund
on premiums
✓ 10
Under a Renewable Term policy,
✓ the renewable premium is calculated on the basis of the insured's attained age
Which of the following BEST describes a short-term medical expense policy?
✓ Nonrenewable
W is a 39-year old female who just purchased an annuity to provide income for life starting
at age 60. All of these would be acceptable annuity choices EXCEPT a(n)
|
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✓ Immediate annuity
How are Roth IRA distributions normally taxed?
✓ Distributions are received tax-free
An insurance applicant was recently denied insurance coverage. The applicant is requesting
access from the insurer to recorded personal information regarding this decision. Under the
Information and Privacy Protection Act, the insurer MUST make the information available
within ___ business days
✓ 30
What is a warranty?
✓ is a statement guaranteed to be true
S is a life insurance policyowner and enters into a written agreement to receive immediate
cash in exchange for the sale and transfer of her life insurance policy. This agreement is
referred to as a(n)
✓ Viatical Settlement
How is the Life and Health Insurance Guaranty Associated funded?
✓ from member companies
Quarterly premium payments increase the annual cost of insurance because
|
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✓ interest to the insurer is decreased while the administrative costs are increased
Who does an insurance broker in North Carolina represent?
✓ Insured
When an existing life insurance policy is being reissued with a reduction in cash value, the
agent must sign the
✓ Notice Regarding Replacement of Life Insurance of Annuity
Whole Life insurance policies are contractually guaranteed to provide each of the following,
EXCEPT
✓ partial withdrawal features beyond a surrender charge period
K works for XYZ Clothing Store from September through December each year. K works 45
hours a week for this period of time. The employer's Group Policy would consider K
✓ not eligible for the insurance because as a seasonal employee K does not meet the
definition of "employee" under NC law
M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on
M. What determines the claim M is eligible for?
✓ Determined by the terms of the policy
Which health policy clause specifies the amount of benefits to be paid?
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
NC Insurance Licensing Exam Questions &
Verified Answers 2024-2025 | 100%
Pass Rate | | 100% Success Guarantee |
Easy-to-Download
P is a producer who notices 5 questions on a life application were not answered. What
actions should P take?
✓ Set up a meeting with the applicant to answer the remaining questions
Which of the following does Social Security NOT provide benefits for?
✓ Dismemberment
An Accident/Health policyholder has ____ days to return the policy and receive a full refund
on premiums
✓ 10
Under a Renewable Term policy,
✓ the renewable premium is calculated on the basis of the insured's attained age
Which of the following BEST describes a short-term medical expense policy?
✓ Nonrenewable
W is a 39-year old female who just purchased an annuity to provide income for life starting
at age 60. All of these would be acceptable annuity choices EXCEPT a(n)
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
✓ Immediate annuity
How are Roth IRA distributions normally taxed?
✓ Distributions are received tax-free
An insurance applicant was recently denied insurance coverage. The applicant is requesting
access from the insurer to recorded personal information regarding this decision. Under the
Information and Privacy Protection Act, the insurer MUST make the information available
within ___ business days
✓ 30
What is a warranty?
✓ is a statement guaranteed to be true
S is a life insurance policyowner and enters into a written agreement to receive immediate
cash in exchange for the sale and transfer of her life insurance policy. This agreement is
referred to as a(n)
✓ Viatical Settlement
How is the Life and Health Insurance Guaranty Associated funded?
✓ from member companies
Quarterly premium payments increase the annual cost of insurance because
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
, TestTrackers: Unlock Your Exam Potential! | Quality Practice Materials | Boost Your Confidence Today!
✓ interest to the insurer is decreased while the administrative costs are increased
Who does an insurance broker in North Carolina represent?
✓ Insured
When an existing life insurance policy is being reissued with a reduction in cash value, the
agent must sign the
✓ Notice Regarding Replacement of Life Insurance of Annuity
Whole Life insurance policies are contractually guaranteed to provide each of the following,
EXCEPT
✓ partial withdrawal features beyond a surrender charge period
K works for XYZ Clothing Store from September through December each year. K works 45
hours a week for this period of time. The employer's Group Policy would consider K
✓ not eligible for the insurance because as a seasonal employee K does not meet the
definition of "employee" under NC law
M is insured under a basic Hospital/Surgical Expense policy. A physician performs surgery on
M. What determines the claim M is eligible for?
✓ Determined by the terms of the policy
Which health policy clause specifies the amount of benefits to be paid?
|
✓ Thank You for Choosing Us! ✓ Resources & Updates: [Testtrackers - Stuvia US]
✓ © 2024 TestTrackers ✓ Your Success is Our Mission!
✓ Customer Support: [+254707240657]
