PRIMERICA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS 100%

PRIMERICA LIFE INSURANCE EXAM WITH VERIFIED ANSWERS 100% An insured purchased an insurance policy 5 years ago. Last year, she received a dividend check from the insurance company that was not taxable. This year, she did not receive a check from the insurer. From what type of insurer did the insured purchase the policy? Following a career change, an insured is no longer required to perform many physical activities, so he has implemented a program where he walks and jogs for 45 minutes each morning. The insured has also eliminated most fatty foods from his diet. Which method of dealing with risk does this scenario describe? In insurance, an offer is usually made when the causes of loss insured against in an insurance policy are known as what documentation grants express authority to an agent? b. agents insurance license c. fiduciary contract d. state provisions which of the following best describes an insurance company that has been formed under the laws of this state? b. sovereign c. alien d. foreign which of the following factors is NOT considered by an underwriter when determining the premium rates for an individual seeking insurance? a. medical history b. sex c. age in insurance transactions, fiduciary responsibility means b. maintaining good credit record c. being liable with respect to payment of claims d. commingling premiums with agents personal funds the authority granted to an agent through the agent's contract is referred to as a. absolute authority c. apparent authority d. implied authority insurance policies are not drawn up though negotiations, and an insured has little to say about its provisions. what contract characteristic does this describe? a. unilateral b. conditional c. personal which of the following insurers are owned by stockholders who have the usual rights of ownership, including the right of voting? a. reciprocal b. fraternal d. mutual which of the following best describes the concept that the insured pays a small amount of premium for a large amount of risk on the part of the insurance company? a. subrogation b. warranty d. adhesion When an insured makes truthful statements on the application for insurance and pays the required premium, it is known as which of the following? a. legal purpose b. contract of adhesion c. acceptance which of the following would qualify as a competent party in an insurance contract?