Laws & rules pertinent to life
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Employer noncontributory group life policies must allow for all of the following
EXCEPT
conversion privilege
insured can determine the benefit amount
insured can name a beneficiary
minimum participation requirements - Answer✅✅Insured can determine benefit
amount
Colorado's replacement rules apply to all of the following types of insurance EXCEPT
1-year term
10-year term
20-year term
single premium whole life - Answer✅✅Single premium whole life
Which of the following statements is true regarding the replacement of a life
insurance policy in Colorado?
The replacing insurer must maintain copies of all records regarding the replacement
for at least 5 years
insurance Exam| Verified Exam
Questions with 100% Correct Clear
Answers|All Graded A+|Latest
Premium Update|100%
Guaranteed Success.
Employer noncontributory group life policies must allow for all of the following
EXCEPT
conversion privilege
insured can determine the benefit amount
insured can name a beneficiary
minimum participation requirements - Answer✅✅Insured can determine benefit
amount
Colorado's replacement rules apply to all of the following types of insurance EXCEPT
1-year term
10-year term
20-year term
single premium whole life - Answer✅✅Single premium whole life
Which of the following statements is true regarding the replacement of a life
insurance policy in Colorado?
The replacing insurer must maintain copies of all records regarding the replacement
for at least 5 years
