Insurance (Primerica) Exam Questions 100% Correct Answers Current Update

Insurance (Primerica) Exam Questions 100% Correct Answers Current Update Be hearing must be held within 10 days of receiving a request, unless both parties agree to a later date - An Agnet receives an emergency cease and desist for chronically misrepresenting his insurance policies. The agent knows that he did not commit the violation stated in the emergency cease and desist order. He wants to contest the charges in a court hearing which of the following is true? Certificate of authority - Which of the following must an insurer obtain to order to transact insurance within a given state Rebating - Giving a client and inducement to a cell not stated in the policy is an unlawful practice known ass Rebates of premiums - For which of the following actions can and agents license be suspended or revoked Stock - Which of the following ensures are owned by stockholders who had the usual rights of ownership including the right of voting I signed up to $100,000 - Which of the following is not a possible penalty for violation of the insurance code 2 | P a g e Author: Katelyn Whitman. ©2025, All Rights Reserved. Draft insurance laws - The commissioner has full power and authority to do all the following except Unfair - After filing a claim, an insured tells the insurer that there is more than one insurance policy in force. that insurer set aside to clean until he hears with the other company will pay. The insurers action will be classified as Applicant submitted his or her most recent tax return to the department - All of the following must be true of an individual before license can be issued except that the Alien insurer - When transacting business in this state an insurer formed under the laws of another country is known as a/an 15 - An insurer must acknowledge receipt of a notice of claim within how many days Telling a client that his first premium will be waived if you purchase the insurance policy today - Which of the following is an example of a producer being involved in an unfair trade practice of rebating Provide a financial statement - All of the following are requirements for an individual To be licensed except Expire in 90 days - Temporary licenses issued in Texas Pay dividends to the policy owner - A participating insurance policy may do which of the following 3 | P a g e Author: Katelyn Whitman. ©2025, All Rights Reserved. Unilateral - In insurance policies, the insured is not legally bound to any particular action in the insurance contract, but the insurer is legally obligated to pay losses covered by the policy. What contract element does this describe? Return the application to the applicant for signature - If an agent sells to obtain an applicant signature on the application the agent must It is intended to provide coverage on a day earlier than the date of the issuance of the policy - What is the purpose of a conditional receipt Warranty - Which of the following is a statement that is guaranteed to be true, and if untrue, may breach and insurance contract? The fair credit reporting act - Which of the following protects consumers against circulation of in accurate or obsolete personal or financial information Return the application to the applicant for completion - Which is the appropriate action by the insurer if a prospective insured submitted an incomplete application Other insurance coverages - Part two of the application for life insurance provides questions regarding all the following except Inspection report - An insurer received a report regarding a potential ensured that includes the insured financial status hobbies and habits what type a report is that Standard - Which of the following is a risk classification used by underwriters for life insurance 4 | P a g e Author: Katelyn Whitman. ©2025, All Rights Reserved. When the agent delivers the policy for Lexi initial premium and the applicant completes an acceptable statement of good health - An agent in an application for life insurance policy fill out and sign the application however the applicant does not wish to give the agent the initial premium and no conditional receipt is issued when will coverage again Buyers guide - Which of the following is a generic consumer publication that explains life insurance and general terms in order to assess the applicant in the decision- making process Lower premiums that a person who receives a standard risk - An applicant who receives a preferred risk classification qualifies for Adhesion - An insurer has made all of the decisions regarding the provisions included in the insureds policy, the insured f