Life, Accident and Health Insurance Study guides, Class notes & Summaries

Life, accident and health insurance state exam- OH Already Passed A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has better than average mortality The waiver of premium does NOT include which provision? Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance produ...

Life, Accident and Health Insurance Ohio Questions and Answers (2024 / 2025) (Verified Answers) Which is a FALSE statement? a. Agents act in a fiduciary capacity when handling premiums. b. Misrepresentation on an application can void coverage, if material. c. Mutual life insurers cannot guarantee their future dividend scale. d. You can protect future dividends on a non-participating policy. - CORRECT ANSWER D. Only participating policies might pay dividends to policy owners. Stock ...

Life, Accident and Health Insurance Exam 2024 Questions Complete Solutions Qualified Plan - Answer - -approved by IRS for favorable tax treatment - tax deffered growth Qualified Plan Requirements - Answer - 1) Be in writing 2)provided for benefit of employee 3) must satisfy age and serive standards 4) cannot be discriminatory 5) contributions cannot exceed yearly maximus 6) must provide survivorship benefits 7) must meet miniumum vesting standards 8) cannot be top heavy Advantages of ...

Life, Accident and Health Insurance Exam 2024 Questions Complete Solutions Qualified Plan - Answer - -approved by IRS for favorable tax treatment - tax deffered growth Qualified Plan Requirements - Answer - 1) Be in writing 2)provided for benefit of employee 3) must satisfy age and serive standards 4) cannot be discriminatory 5) contributions cannot exceed yearly maximus 6) must provide survivorship benefits 7) must meet miniumum vesting standards 8) cannot be top heavy Advantages of Q...

LIFE, ACCIDENT AND HEALTH INSURANCE STATE EXAM- OH NEWEST EXAM 2024 ACTUAL EXAM COMPLETE 180 QUESTIONS AND CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) |ALREADY GRADED A+

life, accident and health insurance state exam- OH Questions And Answers person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - better than average mortality The waiver of premium does NOT include which provision? - Al future premiums are waived if the insured recovers from the disability An a...

LIFE, ACCIDENT AND HEALTH INSURANCE STATE EXAM- OH

A person who is a nonsmoker, of average weight and in excellent health would most likely be in which risk classification? - preferred Preferred risk policies with reduced premiums are issued by insurance companies bc the insured has - better than average mortality The waiver of premium does NOT include which provision? - Al future premiums are waived if the insured recovers from the disability An advertisement for an insurance product may contain - the insurer's name A medicare supp...

Life, Accident and Health Insurance ( Latest 2023/2024 ) Complete Questions & Answers (Solved) 100% Correct 1. Qualified Plan Answer: -approved by IRS for favorable tax treatment - tax deffered growth 2. Qualified PlanRequirements Answer: 1) Be in writing 2)provided for benefit of employee 3) must satisfy age and serive standards 4) cannot be discriminatory 5) contributions cannot exceed yearly maximus 6) must provide survivorship benefits 7) must meet miniumum vesting standards 8) c...

life, accident and health insurance state exam Questions & Answers 2023(A+GRADED 100%VERIFIED)