Primerica Practice Exam 7 questions with correct answers

the purpose of laws regarding the replacement of life and annuity contracts includes all of the following except - Ans - to protect the interests of life insurance and their agents all of the following would fall under the category of an adverse underwriting decision except - Ans - failure of the agent to submit the application to an insurance company in order to obtain Group insurance without providing evidence of insurability what do eligible individuals generally have to do - Ans - enroll with a specified eligibility. an agent who acts as an insurance agent broker solicitor life only agent or bail agent acts in which capacity when handling premiums are return premiums for an insured - Ans - Fiduciary in order to determine the amount of premium and insured will pay the insurer multiplies the rate by - Ans - the number of exposure units Viatical settlements are accomplished through the use of - Ans - absolute assignment the conversion privilege allows a person to change coverage from - Ans - A group policy to an individual policy all of the following statements about qualified pension plans are true except - Ans - employer contributions are taxable to employees in the year they are contributed