Nc life insurance stuvia Study guides, Class notes & Summaries
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![NC Life Insurance Practice Exam Questions & Answers Graded A+](/docpics/2768312/64668056dcb7c_2768312_121_171.jpeg)
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NC Life Insurance Practice Exam Questions & Answers Graded A+
- Exam (elaborations) • 35 pages • 2023
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All of the following are included within the Insurance Commissioner's duties EXCEPT 
 
a) Conducting investigation of all domestic insurers. 
b) Reviewing the insurers' annual reports. 
c) Writing North Carolina insurance laws. 
d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - ANSWERc) Writing North Carolina insurance laws. 
 
Writing insurance law is not the Insurance C...
![NC Life Insurance Practice Exam Questions & Answers Rated A+](/docpics/2769405/64670c6db105e_2769405_121_171.jpeg)
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NC Life Insurance Practice Exam Questions & Answers Rated A+
- Exam (elaborations) • 35 pages • 2023
- Available in package deal
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- $13.49
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All of the following are included within the Insurance Commissioner's duties EXCEPT 
 
a) Conducting investigation of all domestic insurers. 
b) Reviewing the insurers' annual reports. 
c) Writing North Carolina insurance laws. 
d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - ANSWERc) Writing North Carolina insurance laws. 
 
Writing insurance law is not the Insurance C...
![NC life and health insurance study questions & Correct 100%](/docpics/2767000/646627f39bce7_2767000_121_171.jpeg)
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NC life and health insurance study questions & Correct 100%
- Exam (elaborations) • 29 pages • 2023
- Available in package deal
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Which of the following is NOT a characteristic of universal life insurance? 
A Flexible death benefit 
B Cash account 
C Fixed premium 
D Unbundled premium - ANSWERC 
Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. 
 
Which of the following would help prevent a universal life policy from lapsing? 
A Corridor of ins...
![NC LIFE insurance state exam Correct Questions & Answers](/docpics/2768390/646684fa74eca_2768390_121_171.jpeg)
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NC LIFE insurance state exam Correct Questions & Answers
- Exam (elaborations) • 7 pages • 2023
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CREDIT LIFE - ANSWERa special type of coverage written to the life of the debtor and pay off the balance of a loan in the event of the death of the debtor. 
 
BUY-SELL AGREEMENTS - ANSWERa legal contract that determines what will be done with a business in the event that an owner dies or becomes disabled. Otherwise known as a business continuation agreement 
 
INSURABLE INTEREST - ANSWERto purchase insurance the policy owner must face the possibility of losing money or something of value in the ...
![NC Insurance Licensing Exam Questions & Answers Graded A](/docpics/4683886/65e8fedcd8e66_4683886_121_171.jpeg)
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NC Insurance Licensing Exam Questions & Answers Graded A
- Exam (elaborations) • 15 pages • 2024
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P is a producer who notices 5 questions on a life application were not answered. What actions should P take? - ANSWER-Set up a meeting with the applicant to answer the remaining questions 
 
Which of the following does Social Security NOT provide benefits for? - ANSWER-Dismemberment 
 
An Accident/Health policyholder has ____ days to return the policy and receive a full refund on premiums - ANSWER-10 
 
Under a Renewable Term policy, - ANSWER-the renewable premium is calculated on the basis of t...
![NC Life Insurance Practice Exam Questions|130 Questions|Verified!!](/docpics/2766822/64661e4c72203_2766822_121_171.jpeg)
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NC Life Insurance Practice Exam Questions|130 Questions|Verified!!
- Exam (elaborations) • 35 pages • 2023
- Available in package deal
-
- $11.99
- + learn more
All of the following are included within the Insurance Commissioner's duties EXCEPT 
 
a) Conducting investigation of all domestic insurers. 
b) Reviewing the insurers' annual reports. 
c) Writing North Carolina insurance laws. 
d) Reporting any violations of insurance laws to the Attorney General. Writing insurance law is not the Insurance Commissioner's responsibility, but enforcing the law is. - ANSWERc) Writing North Carolina insurance laws. 
 
Writing insurance law is not the Insurance C...
![NC Life Insurance Exam Prep|220 Questions| Correct |Verified](/docpics/2766901/646622fe9eedf_2766901_121_171.jpeg)
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NC Life Insurance Exam Prep|220 Questions| Correct |Verified
- Exam (elaborations) • 18 pages • 2023
- Available in package deal
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An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWERA policy summary and buyer's guide 
 
All of the following actions are considered rebating EXCEPT - ANSWERSharing commissions with other licensed and appointed agents 
 
What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWERPremiums are waived if payor becomes disabled 
 
An agent who signs a blank contract application or policy of insurance - ANSWERIs guilty of a misdeme...
![NC Life insurance state exam study guideline|140 Questions |Correct Answers](/docpics/2766924/6466242e10000_2766924_121_171.jpeg)
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NC Life insurance state exam study guideline|140 Questions |Correct Answers
- Exam (elaborations) • 16 pages • 2023
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Term Insurance - ANSWERUsed for Temporary Situations. Net cost highest in the long run. Premiums goes up every year based on current (attained)age. 
 
Term Insurance - ANSWERExpire's at a certain age/Time in the future. May be renewable up to a certain age or date with out a phyical Exam. 
 
Level Term Insurance - ANSWERTerm insurance can be Renewed annually. Has a level Face Amount at renewal, Premiums goes up. Can be purchased for a Year or as often as 5, 10, 15, to 20 years inclements with a...
![NC Life Insurance Exam Prep Questions With Correct Answers](/docpics/2768343/646682227f805_2768343_121_171.jpeg)
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NC Life Insurance Exam Prep Questions With Correct Answers
- Exam (elaborations) • 18 pages • 2023
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- $12.99
- + learn more
An agent who sells an individual life insurance policy in NC MUST deliver to the policyowner - ANSWERA policy summary and buyer's guide 
 
All of the following actions are considered rebating EXCEPT - ANSWERSharing commissions with other licensed and appointed agents 
 
What benefit does the Payor Clause on a Juvenile Life Policy provide? - ANSWERPremiums are waived if payor becomes disabled 
 
An agent who signs a blank contract application or policy of insurance - ANSWERIs guilty of a misdeme...
![NC life and health insurance study questions & Correct Answers100%](/docpics/2768465/646688ba86a33_2768465_121_171.jpeg)
-
NC life and health insurance study questions & Correct Answers100%
- Exam (elaborations) • 29 pages • 2023
-
- $13.49
- + learn more
Which of the following is NOT a characteristic of universal life insurance? 
A Flexible death benefit 
B Cash account 
C Fixed premium 
D Unbundled premium - ANSWERC 
Universal life policies allow the policy owner to increase the amount of premium going into the policy and to later decrease it again. They may even skip a premium payment. The rest of the features apply to universal life policies. 
 
Which of the following would help prevent a universal life policy from lapsing? 
A Corridor of ins...
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