Agent producer Study guides, Class notes & Summaries
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AFSB 151 Final Exam| 180 Questions with 100 % correct Answers | Verified
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A surety bond is a written document in which one party guarantees a second party's - Performance 
to a third party for the second party's failure to fulfill an obligation. 
Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the 
United States? - Multiline property-casualty insurers 
Sureties use what written document to authorize a producer to act as the surety's agent in bond 
production? - A power of attorney 
While suretyship and banking bo...
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AFSB 151 Final Exam Questions With Complete Solutions.
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AFSB 151 Final Exam Questions With Complete Solutions. 
 
A surety bond is a written document in which one party guarantees a second party's 
Performance to a third party for the second party's failure to fulfill an obligation. 
Which one of the these groups, for the most part, serves the market for fidelity and surety bonds in the United States? 
Multiline property-casualty insurers 
Sureties use what written document to authorize a producer to act as the surety's agent in bond production? 
...
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Pennsylvania Property and Casualty Licensing questions with correct answers
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Law of Large Numbers CORRECT ANSWER Recognizes that as the number of exposure units increases, the more likely it is to predict accurately the expected outcome. 
 
What must an insurance producer do to apply for a nonresident license in Pennsylvania? CORRECT ANSWER Prove that their license is in good standing in their home state 
 
Which best describes the responsibilities an agent owes when they sell a policy? CORRECT ANSWER To provide the agreed-upon insurance and to place coverage with a solv...
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RKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS
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ARKANSAS LIFE INSURANCE EXAM QUESTIONS AND ANSWERS 
 
J is a producer who has induced an insured through misrepresentation to surrender an existing insurance policy. What is J guilty of? - ANS Twisting 
 
What is implied authority defined as? - ANS Authority that is not specifically given to an agent contract, but that an agent can reasonably assume to carry out his/her duties 
 
A person who is a nonsmoker, average weight, excellent health would fall into what risk classification? - ANS ...
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NJ Life Producer Exam Study Life Insurance Questions and Answers 100% Pass
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NJ Life Producer Exam Study Life 
Insurance Questions and Answers 100% 
 
Pass 
 
An insurer must renew a renewable term policy at the policyowner's request regardless of the 
insurability status of the insured. Renewable Term Life Insurance 
 
The settlement option that provides for payments to be made in regular installments to a 
beneficiary until the principal and interest are exhausted best describes: Fixed-amount 
 
What hours of operation is a branch office required to have? Must give pu...
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South Carolina Life Insurance Producer Exam Questions and Answers 2023
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South Carolina Life Insurance Producer Exam Questions and Answers 2023 
 
Producer - ANSWER Independent Insurance Agents also known as insurance sales agents that typically sell a variety of Insurance and financial products. 
 
resident producer - ANSWER An agent who holds an insurance license in the state in which they live 
 
non-resident producer - ANSWER Agents who hold an insurance license in a different state than the one they live 
 
Broker - ANSWER agents that work on behalf of life insu...
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Exam FX Chapter 1: General Insurance questions with correct answers
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Agent/Producer CORRECT ANSWER a legal representative of an insurance company; the classification of producer usually includes agents and brokers; agents are the agents of the insurer 
 
Applicants (or proposed insured) CORRECT ANSWER a person applying for insurance 
 
Broker CORRECT ANSWER an insurance producer not appointed by an insurer and is deemed to represent the client 
 
Insurance Policy CORRECT ANSWER a contract between a policyowner (and/or insured) and an insurance company which agree...
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Texas Life Insurance Exam 2023 with 100% correct answers
- Exam (elaborations) • 13 pages • 2023
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P completes an application for a $10,000 life policy, but does not give the producer the initial premium. P's coverage becomes effective when 
P receives the policy and pays the premium 
 
 
 
A potential client, age 40, would like to purchase a Whole Life policy that will accumulate cash value at a faster rate in the early years of the policy. Which of these statements made by the producer would be carrer? 
20-Pay Life accumulates cash value faster than Straight Life 
 
 
 
How does an indexed...
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DECA Marketing Cluster Exam District Level Practice Test
- Exam (elaborations) • 32 pages • 2023
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The purpose of legal procedure is to ensure that each party receives 
A. ongoing advice. 
B. consistent treatment. 
C. a reasonable verdict. 
D. an indictment. - Answer- b 
 
Wal-mart, Chevron Texaco, and Ford Motor Company sell stock in their companies. They are examples 
of which of the following types of business ownership: 
A. Franchisee 
B. Corporation 
C. Partnership 
D. Sole proprietorship - Answer- b 
 
Channels of distribution benefit businesses by 
A. lowering the prices of all indu...
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Texas Life Insurance Exam | Questions & Answers Already Passed| Updated 2024
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Texas Life Insurance Exam | Questions & Answers 
Already Passed| Updated 2024 
P completes an application for a $10,000 life policy, but does not give 
the producer the initial premium. P's coverage becomes effective when - 
Answer P receives the policy and pays the premium 
A potential client, age 40, would like to purchase a Whole Life policy 
that will accumulate cash value at a faster rate in the early years of the 
policy. Which of these statements made by the producer would be 
carrer? - ...
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